November 10, 2023
New Delhi, India
As the Festival of Lights, Diwali, draws near, a distinct tradition takes the spotlight – Muhurat Trading. This age-old practice holds a special place in the hearts of Indian investors. Let’s delve into the details of Muhurat Trading, breaking down the what, why, and how.
Understanding Muhurat Trading
What is Muhurat Trading? In simple terms, Muhurat Trading is a one-hour session considered auspicious for stock market activities on Diwali. The term ‘Muhurat’ signifies an auspicious time in Hindu customs, aligning with favorable planetary positions. This tradition is exclusive to Indian stock markets.
Timings for Muhurat Trading 2023
When and Where? Mark your calendars for November 12, 2023 (Sunday). The Muhurat Trading schedule is as follows:
- Pre-Open Session: 6:00 PM – 6:08 PM IST
- Muhurat Trading: 6:15 PM – 7:15 PM IST
- Post-Close: 7:30 – 7:38 PM IST
- Market Close: 7:40 PM IST
Unraveling the History
How It Began Originally, Muhurat Trading was tied to the new year for stockbrokers, who opened settlement accounts for clients on Diwali. Rituals like Chopda Pujan, or book worship, were part of this tradition. Beliefs associated with Marwari and Gujarati traders have evolved, and today, Muhurat Trading is seen more as a symbolic gesture.
Inside Muhurat Trading
What Happens? During this limited one-hour session, both NSE and BSE allow trading. The session includes a Block Deal Session, pre-open session, normal market session, call auction session, and a closing session. Investors often perform Lakshmi Puja before making purchases, aiming for prosperity in the coming year.
As Muhurat Trading evolves from a cultural practice to a symbolic tradition, it continues to hold significance for many. Whether you’re a seasoned investor or a newcomer, understanding this Diwali ritual can add a unique layer to your financial journey. Illuminate your investments this Diwali with Muhurat Trading!
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