ALSO READFrom Diwali picks to Muhurat trading tips, market outlook for Samvat 2074 Will equities outshine other asset classes in Samvat 2074? Diwali dhamaka: Stocks to buy in Samvat 2074 Samvat 2073: Market stays resilient amid multiple disruptions SC firecracker ban: How it will impact Delhi air, shopkeepers this Diwali
It's official. But wait, it isn't, actually. The buzz in the market and everywhere else the past few weeks has been indicating a lifeless Diwali this year, attributable largely to a sagging economy. The media has devoted reams of paper, gigabytes of space, and hours of television prime time to bring home the impact of demonetisation and GST on the festive mood this season. ALSO READ: Market verdict: Bull run to continue in new Samvat However, a dipstick conducted by Business Standard doesn't seem to capture any definite trend. About 55 per cent of some 200 respondents say it will be celebrations as usual.
The 45 per cent who say it will be dullsville this year, blame the economy for playing spoilsport.One must admit, however, that the sample size isn't big enough and that the state of the economy is the only metric used to estimate festive behaviour. Other factors, chief among which is the cracker ban in the national capital region and other parts of the country, have not been considered. ALSO READ: From Diwali picks to Muhurat trading tips, market outlook for Samvat 2074 So let's move away from the cyber world and see what's really happening on terra firma. One Business Standard article points to a buoyant stock market, indicating that the festival is likely to be well received this season. That sentiment is supported by this report of heavy gold buying on Dhanteras day. But then, another report says exactly the opposite. And if the corporate world is anything to go by, Diwali will be quite bad this year, with companies slashing their annual gift budgets by a staggering 35-40 per cent. (Read more) Confused? Don't let the confusions and contradictions fox you. Only you know how much you have in your wallet, and the size of the hole you can burn. Soak in the news, alright, but don't let it dictate your Samvat sentiment. Happy Diwali. ALSO READ: Smokeless Diwali: Delhi, there is something foul in the air, don't make it worse