Muhurat trading is a special trading session conducted by
stock exchanges in India on the occasion of Diwali. This tradition has been
retained by the trading community for more than six decades. The stock market
exchanges, including the Bombay Stock Exchange (BSE) and the National Stock
Exchange (NSE), open for a one-hour trading session on Diwali evening.
Key
Features of Muhurat Trading:
- Occasion and
Timing:
- Diwali Celebration: Held every year during Diwali,
a major Hindu festival.
- One-Hour Session: The trading session typically
lasts for about one hour in the evening. This year, the Muhurat Trading
session will be held on 12th November 2023.
- Cultural Significance:
- Symbolic Ritual: It is a symbolic and old
ritual believed to bring prosperity and wealth throughout the year.
- Beginning of New Year: Diwali also marks the beginning
of the Hindu New Year, making it an auspicious time for new investments.
- Investor Participation:
- Long-Term Investments: Investors place orders and buy
stocks for themselves and their families, often holding these investments
for the long term.
- High Enthusiasm: The session sees high
participation from traders and investors, driven by the positive
sentiment and cultural importance.
- Historical Background:
- Decades-Old Tradition: The tradition of Muhurat
Trading started at the Bombay Stock Exchange and the National Stock
Exchange more than sixty years ago.
- Symbolic Prosperity: It is believed that trading
during this session brings good luck and financial growth for the coming
year.
Additional
Information:
- NSE Trading
Holiday Calendar: For details about trading holidays, including the schedule for
Muhurat Trading, you can refer to the NSE trading holiday calendar on the
5Paisa website: NSE Holidays.
Muhurat Trading is a unique blend of cultural tradition and
modern financial practice, symbolising the importance of auspicious beginnings
in the trading community.