Are you new to the stock market and hearing a lot about Muhurat Trading?
You might be interested in the importance and history of Muhurat Trading in India.
Let’s explore!
What is Muhurat Trading?
Muhurat Trading is a special one-hour trading session that occurs during Diwali. As we all know, Diwali also marks the beginning of the Hindu New Year (Samvat 2081). This session is held in the evening. It symbolizes a fresh start and new beginnings in the financial year.
Significance of Muhurat Trading
Muhurat Trading is an important occasion for stock market participants. It combines cultural tradition with financial opportunity. Diwali Muhurat Trading is actually a symbol of fresh start in the financial year for stockbrokers and investors. Not only this, investors believe that if you make any investments during this hour, it will lead to financial growth. The session is actually more than just a trading opportunity; it’s a way to honour the tradition of investing.
Muhurat Trading Time 2024
In 2024, the stock market Muhurat Trading session will take place on November 1, from 6:00 PM to 7:00 PM. There will also be a pre-opening session from 5:45 PM to 6:00 PM.
Stock market muhurat trading is observed as an auspicious occasion for new investments.
History of Muhurat Trading
The tradition of Muhurat Trading has been practiced for decades in India.
People often say that trading or investing during this special hour can bring good luck and positive returns. In fact, the BSE Sensex has finished higher in 13 out of the last 17 Muhurat sessions. There have been a few exceptions, like during the global financial crisis in 2008. For example, in 2023, the Sensex went up by 355 points during this session, showing just how only good vibes surround Muhurat Trading!
Trading Activity During Muhurat Trading
Just like you celebrate Diwali at home, stock brokers get in on the festive spirit too! They decorate their offices with beautiful rangoli patterns and line up countless diyas (traditional lamps) to welcome Goddess Lakshmi, the goddess of wealth. This vibrant setting really brings a sense of celebration to the trading community!
Who actually decides the Diwali Muhurat Trading Time?
The schedule for Muhurat Trading is officially announced by the stock exchanges in India.
Benefits of Muhurat Trading
If you are a first-time trader, you might wonder why Muhurat Trading is so special.
Here is why you should participate in the stock market diwali muhurat trading:
- Taking part in Muhurat Trading connects you to a rich cultural tradition. It’s a wonderful way to feel like you belong to the trading community.
- Even though Muhurat Trading lasts just an hour, many investors believe that buying stocks during this time can lead to good returns.
- This is a great opportunity for people to invest small amounts. You can buy a few shares as a token of your commitment to investing.
- Participating in Muhurat Trading can help you develop good trading habits. This experience is valuable as you continue to grow as a trader.
- Many investors buy stocks even for their children. The whole intention is to participate rathe than making profits.
Conclusion
As you prepare for this year’s Muhurat Trading, keep in mind its cultural significance and the optimism it brings. Mark your calendars for November 1, 2024, from 6:00 PM to 7:00 PM, and consider taking part in this unique trading session.
It’s a great way to start the New Year positively!
Source: TheEconomicsTimes
______________________________________________________________________________________
Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.