The Sensex and Nifty ended marginally higher in the special one-hour Muhurat trading session, marking the beginning of the Samvat 2082 on a positive note amid firm global cues. Compared to 2024, many market observers believe that the indices showcased cautious optimism.
Greeting investors on the occasion, Ashishkumar Chauhan, MD & CEO, NSE said that “Muhurat Trading is a time to reflect on the values that shape our financial journey, including trust, knowledge, and discipline. Investing is not only about creating wealth but about participating in India’s remarkable economic growth story.”
The big economic drivers
The recent GST new rates and rationalisation from their earlier avatar and its potential impact in terms of boosting the economy are no doubt key economic developments. That apart, the CPI inflation slipping to 8-month lows is also seen as a positive development. The ultra-low headline inflation indicates that there is space for rate cuts.
Markets: The long-term perspective
With the Nifty approaching the 26,000 mark after tiday’s Muhurat session, market observers see room for some consolidation around current levels. The indices have risen about 3% in five consecutive sessions and are now 1.5% below their all-time high after the special one-hour trading window.
Alluding to the increased retail participation in the markets, Chauhan added that “as more people enter the capital markets, investor awareness and informed decision-making become essential for building confidence and sustaining long-term prosperity.”
Overall, Indian markets have seen some amount of underperformance since their September 2024 peak amid foreign outflows, US tariffs and earnings worries. The European and Asian markets rose as investors cheered signs of easing US-China trade tensions after US President Donald Trump said he expected to reach a fair trade deal with Chinese President Xi Jinping during their meeting next week in South Korea.