A Milestone Year in the Indian Stock Market
November 14, 2023 – Samvat 2080, marking the start of the new Hindu year, has opened with an unprecedented surge in the Indian stock Market Turnover. This year’s trading session recorded a significant turnover of ₹14,091.3 crores, setting an all-time high. This impressive figure represents a 34.7% year-on-year growth, bouncing back robustly from a temporary dip experienced in 2022.
The Positive Trend in Muhurat Trading
Continuing a six-year streak, the Muhurat trade of Samvat 2080 concluded on a positive note. This consistent performance underlines the market’s resilience and the optimistic outlook of investors and traders alike.
Sectoral Highlights and Top Performers
The beginning of Samvat 2080 has been particularly favorable for certain sectors. Stock pickers have turned their focus to consistent winners from the last decade, with BSE Bankex, BSE Energy, and BSE FMCG emerging as the leading sectoral indices. Their robust performance is a testament to the market’s evolutionary progress and the strategic foresight of investors.
The Significance of Samvat 2080
Samvat 2080 is not just another year in the calendar but holds substantial importance in the Indian stock market. It symbolizes a new beginning for investors, coinciding with the celebration of Diwali, and is governed by the lunar-based Vikram Samvat calendar. This year’s commencement around Diwali heralds a period of renewed enthusiasm and strategic investment decisions.
