In 2023, as Diwali, the festival of lights, draws near, Indian stock market enthusiasts are getting ready for the highly anticipated Muhurat trading session. The meeting is scheduled for November 12 of this year. A fifteen-minute pre-opening session kicks off the trading at 6:00 PM, and it ends at 7:15 PM.
The concept of Muhurat trading will be examined in detail, along with the timings for Muhurat trading in 2023 and its benefits.
The literal meaning of the word “muhurat” is “auspicious timing.” A long-standing Indian custom known as “muhurat trading” entails trading stocks and commodities at the auspicious hour of Diwali. This custom stems from the notion that carrying out financial transactions at this auspicious time will bring luck and wealth for the upcoming year. Traders and investors can incorporate their financial activities with the cultural and spiritual celebrations of Diwali through the practice of muhurat trading.
Muhurat trading is set for Sunday, November 12, 2023, which falls on the same day as the Diwali festival. The stock exchanges will make an announcement closer to the day regarding the precise timings of the Muhurat trading session. The session usually takes place in the evening and lasts for about sixty minutes. Usually, a trading session consists of several phases:
Muhurat’s origins can be found in India’s historic trading communities. In the past, traders would worship their ledgers and account books on Diwali in an effort to bring luck and prosperity. Muhurat trading in stock markets is a modern practice that developed from this tradition over time.
Muhurat trading is a tradition that dates back more than 60 years. The National Stock Exchange (NSE) adopted it in 1992 after it initially gained traction at the Bombay Stock Exchange (BSE) in 1957.
Many Hindu investors participate in Lakshmi Pujan during this auspicious time, praying to Goddess Lakshmi before making stock purchases. While Muhurat trading does not ensure financial gains, it is thought to have a positive impact on an individual’s wealth in the coming year. The BSE Sensex has regularly produced positive results on this unique day over the years, which has encouraged participants.
1. Good Start: It is believed that muhurat trading brings good fortune and prosperity to the stock market. It’s frequently viewed as a favorable time to make new investments or choices.
2. Investor Sentiment Influence: The upbeat environment that characterizes Muhurat trading often sets the tone for the coming year, which may increase investor confidence.
3. Lessened Market Fluctuations:Muhurat trading often experiences less volatility, creating a safer trading environment. This is because of its shortened trading hours and lower trading activity.
Muhurat trading is a cultural and spiritual tradition that blends faith and finance; it is more than just a financial event. Investors who engage in Muhurat trading aim to make money while also embracing the optimism and hope that this auspicious occasion brings. To get the most out of this unique trading opportunity, keep yourself informed, manage your emotions, and make thoughtful plans. May the money you invest in