India's BSE and NSE to hold one-hour Muhurat Trading session on Sunday
The Bombay Stock Exchange and National Stock Exchange will open for a one-hour Muhurat Trading session on Sunday from 2:20 pm to 3:30 pm to mark the start of Samvat 2083, with analysts urging selective, quality-focused investing.
India's major stock exchanges will conduct a special one-hour Muhurat Trading session on Sunday, running from 2:20 pm to 3:30 pm, to welcome the new Hindu calendar year Samvat 2083. The session, traditionally held during Diwali and coinciding with Lakshmi Puja, is expected to have lower trading volumes.
The closing auction will start at 3:15 pm, with reference price calculations and order matching continuing until 3:35 pm. The market has recently recorded a strong weekly rally, with the Sensex gaining about 6,569 points and the Nifty rising nearly 9%, adding roughly Rs 29 lakh crore to total market capitalisation.
Analysts advise investors to use the auspicious window to build positions in fundamentally strong, large-cap companies rather than chase short-term momentum. Ajit Mishra, senior vice-president of research at Religare Broking, said the broader outlook remains cautiously positive but may see intermittent consolidation. He recommended a staggered, buy-on-dips approach focused on quality businesses with clear earnings visibility.
Ravi Singh, chief research officer at Master Capital Services, echoed the call for a quality-first, long-term strategy, warning against aggressive intraday bets. He suggested using limit orders and deploying capital gradually.
On the technical side, SBI Securities noted that the Nifty has stayed above its 200-day EMA for four sessions, with RSI above 60 and a rising MACD supporting a bullish trend. Immediate support is seen in the 24,830-24,850 range, while resistance lies around 25,150-25,180; a breakout could push the index toward 25,350.