This Diwali will be good for all equity investors’ and we hope it continues to remain the same in the future, and in the next Diwali, we may see a new set of stocks lighting the way forward, Vikas Singhania, CEO, TradeSmart said in an interview with Zeebiz’s Kshitij Anand.
Muhurat Trading 2021: During Muhurat Trading, you always need to stay cautious and alert with what you need to follow and what not, keeping a safe play on hand! During this time, there is a huge influx of IPOs as business firms desire to capitalize on the auspiciousness of the occasion and cash in on the eagerness of the investor community. But there are certain Dos and Don’ts to follow to avoid any loss and earn good through wise tricks of trading. Vikas Singhania, CEO, TradeSmart, shares his knowledge on Muhurat Trading's dos and don'ts so as to help you make a wise choice leading to measurable profits.
Vikas Singhania, CEO, TradeSmart, on the occasion of Diwali shares his knowledge on Muhurat Trading - History, significance and why it is a good day to start your market journey. Explaining Muhurat Trading, Vikas Singhania, said, “During the Diwali festival, there is one hour which is considered being very auspicious as per Indian tradition. Astrologers call this time the ‘Muhurat’. Chances for the success of a task are maximized if we do it during the auspicious Muhurat, giving the doer the best possible result. This is the reason we see most businesses, from a small shop to a movie shooting, start their activity based on a good Muhurat. “
Investors are gearing up for Muhurat Trading session scheduled on Thursday, November 4. On the auspicious occasion of Diwali, stock exchanges hold Muhurat trading every year. The one-hour trading session is considered auspicious by many traditional investors in India. Muhurat trading also marks the beginning of the new Samvat or Hindu accounting year. “During Muhurat trading, the trading hours are only for an hour and are generally symbolic. Over the years, Muhurat trading has resulted in market closing higher, since most investors and traders initiate a buy trade," said Vikas Singhania, Chief Executive Officer, TradeSmart.
SAMVAT 2077 closed on a blockbuster note with gains of about 40 per cent for the benchmark indices, but experts caution retail investors for the next SAMVAT, which might not be as bright. Retail investors have been front runners in pushing benchmark indices to fresh record highs. The S&P BSE Sensex crossed 62000, while the Nifty50 hits a record high above 18600 in SAMVAT 2077. “SAMVAT 2077 will be remembered for a long time and will find its place in history as one of the strongest and widely participated rallies by retail investors,” Vijay Singhania, Chairman, TradeSmart, said. “Though one would wish for a repeat performance in SAMVAT 2078, it would be asking for too much. Most tailwinds that supported the rally in SAMVAT 2077 continue to remain strong, but one needs to remember that we were operating on a low base during this time, an advantage that will not be present in the current year,” he said. Singhania further added that SAMVAT 2078 can give positive returns but we need to keep our eyes on the two dark clouds – US Bond yields and China slowdown.
