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Below the Perspective on Muhurat Trading by Mr. Vinit Bolinjkar, Head of Research, Ventura

“Muhurat Trading 2025 reflected cautious optimism compared to the subdued tone of 2024. The Sensex rose 84,600 and Nifty hovered near 25,900, with most of the sectors in green, led by IT, banking, auto and pharma shares. Broader participation improved, aided by festive consumption and firm domestic flows. In contrast, Muhurat 2024 had seen muted gains following a volatile spell, with mid- and small-caps underperforming as global uncertainty persisted. Over Samvat 2081, Nifty till date returned mid-single digit gains, reversing a weak FY25 earnings trend that now appears to be bottoming out, indicating a more constructive setup for Samvat 2082.The Nifty index is currently trading at a CY26 forward P/E of 18X, slightly above its average of 17X. This suggests that the potential for further downside is limited, and we expect the Nifty to improve from current levels. Key drivers for this potential upside include a domestic consumption-driven earnings revival from Q3FY26, a possible US–India trade deal, and fiscal and monetary support, including rate cuts and increased government capex. We are targeting 27,600 for the Nifty in the next Samvat. Similarly, we expect the Sensex to reach 90,100 during the same period.”

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