During Diwali, the stock market remains closed. The BSE and NSE remain open for 60 minutes on Diwali evening as a Muhurat Trading Session (Mahurat Trading). Muhurat trades are done for the coming year. People are typically doing delivery trades on this day in order to have a good trading year. Hindus perform Chopda Pujan on Diwali, and Muhurat Trading is done by them to give a good entry in the stock market for the coming year. Nowadays, Bollywood celebrities ring the BSE bell during Diwali Muhurat Trading.
In order to get a blessing from goddess Laxmi during Diwali, people do muhurat trading. It is a tradition that stockbrokers light diyas at their offices and begin trading on NSE and BSE with brand-new clothes and mithai (sweets). People have been doing it since the beginning.
What is Muhurat Trading?
In Hindu tradition, Muhurat refers to an auspicious time when the planets are aligned favorably, bringing positive results.
During Diwali, Muhurat trading is popular among traders in India. It is an hour of trading times that are considered auspicious for investing in shares.
As a result of beliefs, people trading during this one hour are more likely to earn wealth and prosper throughout the year. This period typically occurs during the evening of Diwali, when many people prefer to buy stocks in honor of Goddess Lakshmi. This is a unique feature of the Indian stock market.
Are you looking for a Diwali Muhurat Trading Date in 2022? Are you wondering when muhurat trading will take place in 2022? This is where you will find all the information you need.
BSE Muhurat Trading Time:
BSE Muhurat Trading timing is on Monday, 24 October 2023 at 18:15 (Diwali – Laxmi Pujan).
Pre-Open Session: | 18:00 to 18:08 |
Muhurat Trading Session: | 18:15 to 19:15 |
Post Closing | 19:25 to 19:35 |
Duration: | 1 Hour |
NSE Muhurat Trading Time:
NSE Muhurat Trading timing is on Monday, 24 October 2023 at 18:15PM (Diwali – Laxmi Pujan).
Pre-Open Session: | 18:00 to 18:08 |
Muhurat Trading Session: | 18:15 to 19:15 |
Post Closing | 19:25 to 19:35 |
Duration: | 1 Hour |
What to do on Diwali Muhurat Trading?
As the name suggests, Mahurat means "Auspicious Hour," and it refers to trading stocks that are long-term beneficial. Investing with tokens is the best way to do Mahurat Trading. Many trading firms provide recommendations on which stocks to buy and sell for long-term perspectives. If you're new to the stock market, you can refer to these recommendations. Make sure you do a proper stock analysis and trade in the stocks that are technically strong.
What happens in Muhurat Trading?
A block deal session occurs when two parties agree to buy or sell a security at a fixed price and inform the stock exchange
During the pre-open session (usually eight minutes), the stock exchange determines the equilibrium price.
The normal market session consists of one hour of trading
A call auction is a market where illiquid securities are traded. Securities are considered illiquid if they meet the exchange's criteria.
The closing session is the last opportunity for traders/investors to place a market order
