With the festival season well under way and Diwali just round the corner, it is that time of the year again, when “feel-good” is thick in the air. Some of us, who believe in work-life balance (with a tilt towards the right), hardly need prodding to put in that leave application — we try to make the most of the string of holidays accompanying the biggest festival of them all in India.
The coming week is one big fat moolah-making opportunity. Businesses of all hues and sizes are going all-out with their special-offer and discount-sale spins.
The commencement of the traditional New Year “Samvat” is marked at the bourses by a special trading session known as “Muhurat trade”. With many broking establishments opening new books of accounts on the big day, symbolic orders (mostly buys) are placed in the Muhurat trade to mark fresh trade in the New Year. The hope is that a good start will set the tone for the year to follow. After all, well-begun is half-done. This year, November 5 heralds the beginning of Samvat 2067, and in keeping with time-honored traditions, the stock exchanges have announced a special one-hour trading session this evening.
With the sharp run-up over the past year and half, the market is no longer cheap and a lot many positives seem to have been priced in. But as always, there will always be the hidden gems, which the discerning investor should be able to dig out with effort and some luck.
On that note, here's wishing all of you a cracker of a Diwali!
Source : Buisness Line
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