Despite it being a Sunday, the BSE and NSE will be open for business for an hour today, November 12, 2023, in honor of Diwali Muhurat. Trading hours will be from 6:15 to 7.15 p.m.
The window for the symbolic Muhurat Trading session, which includes a 15-minute pre-market session, will begin tonight from 6 to 7.15 p.m., with individual circulars from each of the exchanges.
Since Diwali is seen as a lucky day for stock investments, the Indian market exchanges offer a symbolic hour-long session for Mahurat trading each year.
|6:00 pm – 6:08 pm IST
|6:15 pm – 7:15 pm IST
|7:30 – 7:38 PM IST
|7:40 PM IST
Trading during the “Muhurat Trading,” or auspicious hour, is said to bring wealth and financial success. As a result, the one-hour window is opened on Diwali every year even if normal business is suspended.
During the 15-minute pre-opening and closing periods on the same day, all deals performed during the Muhurat session are finalized.
Muhurat Trading – Date and timings
As per separate circulars from the BSE and NSE, the stock exchanges will hold the Muhurat trade today, November 12, between 6-7.15 pm. According to separate circulars from the stock exchanges, this includes a pre-market session from 6 to 6.08 pm.
Moreover, the block deal window will open at 5:45 p.m. The mahurat trading session for the commodities and currency derivative sector will be held from 6:15 to 7:15 p.m. Notably, the trade adjustment will be accessible until 7:25 pm to allow any revisions.
What Can You Invest in Mahurat Trading?
All market sectors will have open trading periods. Thus, you may invest in securities lending and borrowing (SLB), equities futures and options, commodities derivatives, currency derivatives, and equity futures and options all at the same time.
Notably, during the Muhurat trading sessions in 2022 and 2021, the markets closed in the green. Both the Nifty and the Sensex increased by 0.49 percent in 2021 and 0.88 percent during the previous session. In general, dramatic market moves are anticipated throughout today’s session.
Muhurat Trading – Strategy
According to Mastertrust Managing Director Harjeet Singh Arora, “Seven of the last ten Muhurat trading sessions ended with positive returns, highlighting the auspicious nature of the occasion for market participants.”
What to Expect from the Diwali Muhurat trading session?
During this period, several sectors will be available for trade during the “Muhurat” trading session, including equities, commodities derivatives, currency derivatives, equity futures and options, and securities lending and borrowing (SLB).
- As individuals are more motivated by their emotions than by numbers on this particular day, the market is predicted to be mostly positive.
- Businesses of all sizes are likely to purchase and sell stock options around Diwali, as many individuals are calculating the new fiscal year.
- It’s thought during this period that trading may lead to success and prosperity.
- In 2021, the Sensex and Nifty indexes gained 0.49% during the one-hour trading session, compared to 0.88% last year.
History & Significance Of Muhurat Trading
Muhurat trade has been a practice for more than five years. In 1957, the BSE initiated this custom, back before internet trading was unheard of. The NSE started this tradition in 1992.
On the day of Diwali, the brokerage community especially completes the “Chopda Pujan” and worships the books of accounts. There are a few other myths about the Muhurat trade. During Muhurat trading, Gujarati investors and traders purchase shares.
Before the advent of internet trading, traders would congregate on the BSE floor, sometimes adorned in festive attire, to place orders for equities they planned to keep for a minimum of a year.
What happens during Muhurat All about the 5 stages?
Block deals, pre-open, main trading, call auctions, and closing sessions are the five sessions that make up the trading session.
The first stage is called a block deal session, during which dealers agree to purchase or sell stocks at a set price and notify the stock exchange of their plans.
The stock market sets the starting price during the pre-open session by considering supply and demand. This normally lasts for eight minutes or so.
The focal point of the Muhurat trade, which lasts for about an hour, is the major trading window. Illiquid securities (trades involving securities that are not regularly traded) are conducted during call auction sessions.
The last stage in which investors or traders may place a market order at a closing price is known as the closing session.
Samvat 2080 tips for investors
The Hindu calendar states that Diwali is the beginning of a new year (Samvat), and this celebration sets the tone for the future year.
Samvat 2080 will begin and Samvat 2079 will finish during the Muhurat trading session. This custom, which has been followed for millennia by the investing community, honors Lakshmi, the Goddess of Wealth.
Investors think that making trades on this unique day will bring them success, money, and prosperity all year long.
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