Mood: The mood of the video appears to be energetic and celebratory, with a theme of New Year's festivities. The overall emotion conveyed is one of joy and revelry, likely reflecting the excitement and enthusiasm associated with the start of a new year.

Environment: The setting seems to be a vibrant and dynamic backdrop, possibly a stage or a decorated area typical of Indian celebrations. The environment suggests a lively and colorful atmosphere, often found in Indian cultural events or parties.