investors are gearing up Muhurta Trading The session is scheduled for Thursday, November 4. On the auspicious occasion of Diwali, stock exchanges conduct Muhurta trading every year. A one-hour trading session is considered auspicious by many traditional investors in India. Muhurta trading also marks the beginning of a new Samvat or Hindu accounting year. “During Muhurta trading, the trading hours are for one hour only and are usually symbolic. Vikas Singhania, CEO, TradeSmart, said, “Over the years, the market has closed higher as a result of Muhurta trading, as most of the investors and traders initiate buy trades.”
What is Muhurta Trading on Diwali?
In India, Diwali usually signifies the victory of ‘good over evil’ or ‘light over darkness’. On the auspicious day of Diwali, people usually wear new clothes, exchange sweets and gifts and invest in property, mainly gold. Apart from the spiritual significance, Diwali also marks the beginning of the traditional Hindu accounting year ‘Samvat’. To celebrate the beginning of the new year, stock exchanges conduct a one-hour traditional trading session on Diwali, known as Muhurta trading.
What is the Muhurta Trading Timing on Diwali 2021?
The Muhurta trading session will begin at 6:15 pm and end on Thursday, November 4 at 7:15 pm. The customary one-hour trading session will mark the beginning of Samvat 2078.
Pre Open: 6:00 PM-6:15 PM
General Market: 6:15 pm-7:15 pm
Closing Session: 7:25 PM-7:35 PM
F&O, Currency (CDS), MCX: 6:15 pm-7:15 pm
When was Muhurta trading started in India?
Muhurta trading has been a long standing practice in the Indian business community. Bombay Stock Exchange or BSE has been trading Muhurta on Diwali since 1957. The National Stock Exchange or NSE has started this special trading session in 1992.
What is special about Muhurta trading?
It is believed that trading during this one hour of Muhurta trading will bring good fortune to the investors for the next whole year – Naya Samvat. Investors usually buy value-based stocks that can provide long-term gains during Muhurta trading. Stocks purchased during this customary trading session are often considered lucky charms for investors. Diwali is also considered a good day to make new investments or buy property. So many young investors make their first investment in the stock market during Muhurta trading.
What are the Muhurta Trading Stocks in Diwali 2021?
As Muhurta trading marks the beginning of a new year, it is a good time to analyze asset allocation and find out what is working and what is not, suggest experts. Since the margin for profit booking is limited during the one hour trading session, investors may avoid the day trading strategy during this particular trading session. However, this could be a perfect opportunity for new investors planning to get started.
“For someone who is sitting on the edge and waiting for the right time to enter the market, Muhurta day is as good as starting any day. Since this is a new journey, there is no better time than during the Muhurta time to start it,” said Singhania.
“Blue-chip stocks are usually bought on this day and are also a savings bet for new investors who are looking at long-term goals. However, caution is needed especially for those millennials and new entrants to the market,” he further noted.
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