Dalal Street Welcomes Samvat 2083: Muhurat Trading Commences Amid Historic Pre-Diwali Surge

Dalal Street ushered in the traditional Hindu accounting calendar, Samvat 2083, with its customary one-hour Muhurat Trading window on Diwali, Sunday, November 8, 2026. Rooted in the ancient custom of Chopda Puja—where mercantile communities worship ledger books and pray to Goddess Lakshmi for financial blessings—the special session serves as an auspicious kick-off for investors taking fresh long-term positions.

Record-Breaking Pre-Diwali Momentum

The special session followed an exceptional bull run on domestic bourses:

• Historic Rally: The benchmark BSE Sensex recorded its strongest pre-Diwali performance in 35 years, jumping 10.6% (7,782 points) over seven consecutive sessions.
• Weekly Leap: The index concluded the preceding week with an 8.8% gain, bolstered by three straight sessions of four-digit advances, including a 1,781-point surge on Friday despite overnight turbulence in overseas technology counters.
• Foreign Capital Inflows: Foreign portfolio investors (FPIs) fueled the uptick, purchasing a net ₹49,500 crore (around $5.2 billion) in Indian equities, per BSE and NSDL disclosures.
• Macro Tailwinds: Sentiment drew support from expectations of global policy stability following the US midterm elections and easing crude oil benchmarks, which dropped roughly 20% across a two-week span amid diplomatic dialogues in West Asia.

Market Outlook for Samvat 2083: Navigating Moderation and Caution

Despite the festive optimism, analysts anticipate a more measured trajectory for Indian equities in Samvat 2083, balancing solid domestic macro fundamentals against persistent global headwinds.

In its festive investment note, Kotak Mahindra Mutual Fund projected moderate equity returns for the upcoming year, highlighting:

• Economic Growth Drivers: A projected domestic GDP expansion of 7.1% for FY27, underpinned by sustained consumption demand and broad-based industrial recovery.
• Valuation Cushion: Large-cap and mid-cap spaces trade at reasonable multiples, with key benchmark indices hovering below their historical long-term valuation averages as of late October 2026.
• Headwinds & Volatility: Lingering geopolitical friction, energy price instability, currency fluctuations, and cautious global monetary policies pose ongoing risks.
• Strategy: Advisors recommend focusing on disciplined asset allocation and balance-sheet strength rather than pursuing short-term momentum.