Introduction

As the Festival of Lights, Diwali, approaches, Indians from all walks of life eagerly await the vibrant festivities, rituals, and the exchange of gifts and good wishes. For those involved in the world of finance, Diwali brings something extra special – Muhurat Trading. This unique tradition is observed in the Indian stock market and is considered an auspicious start to the new financial year.

What is Muhurat Trading?

Muhurat trading is a special one-hour trading session that takes place on the day of Diwali. The term ‘Muhurat’ translates to an ‘auspicious time’ in Hindi, and this session is believed to bring good luck and prosperity to traders and investors. It’s a time when individuals engage in the buying and selling of stocks and other financial instruments to mark the beginning of the new financial year on a positive note.

What should you do?

If you are a trader, you need to book some profits in your existing stock portfolio and buy a new stock for the rest of the year, just as investments. This is a token of what one wishes to do all the time in the market.

Significance of Muhurat Trading?

1. Auspicious Beginning:

Muhurat trading is deeply rooted in Indian culture and tradition. It is believed that conducting business during this time brings good fortune and wealth for the coming year. Traders and investors look forward to this session to start the year on a positive note.

2. Symbolic Ritual:

While Muhurat trading is a symbolic and traditional practice, it doesn’t significantly impact market trends or prices. Rather, it’s a way for market participants to participate in a cultural tradition and share in the spirit of Diwali.

3. Blessings from the Divine:

Many people visit temples and perform rituals on Diwali morning, seeking blessings for success and prosperity. Muhurat trading follows these religious rituals and is seen as a way to seek the divine’s favor for their financial endeavors.

Muhurat Trading Timings for Diwali 2023:

For Diwali 2023, the timings for Muhurat trading are as follows:

Date: October 24, 2023
Session Start Time: 06:15 PM
Session End Time: 07:15 PM

*Please note that these timings are subject to change and should be verified closer to the date with the respective stock exchanges.

*This information is only for educational / knowledge sharing purpose and not for soliciting any investment or to influence investment/sole decision of any person