Festival Greetings

🪔✨Shubh Deepawali✨

Why do we celebrate it and how have the markets performed on the day of Muhurat trading?

✅ What Does ‘Muhurat’ mean ?

In Hindu customs, Muhurat is a time when planets are aligned favorably to ensure positive results. Thus, the word ‘Muhurat’ means an auspicious time.

✅ What is the significance of Muhurat Trading?

The stock markets are closed on national holidays. However, on the day of Diwali, a one-hour time window is opened for Muhurat Trading.
Typically, this period is during the evening and people prefer buying stocks as a token of Goddess Lakshmi.

✅ History of Muhurat Trading

In India, business owners and stock brokers started their new year with Diwali. The history of Muhurat trading spans back to more than 6 decades.
It was started at the BSE in 1957. It was subsequently adopted by the NSE in 1992.

✅ Muhurat Trading Timings in 2023

Muhurat Trading will be conducted on November 12, 2023 (Sunday).

The Muhurat Trading time, 2023 for both BSE and NSE is as follows:

  • Pre-open: 6:00 to 6:08 PM
  • Muhurat Trading: 6:15 to 7:15 PM
  • Post-close: 7:30 to 7:38 PM
  • Market Close: 7:40 PM

✅ Historical performance

The Sensex has been on an upward streak since the last 5 years or last 5 Muhurat trading sessions.

✅ Muhurat Trading of the year 2008

India was badly impacted by Global Financial Crisis. BSE Sensex lost nearly 53% of its value over the year 2008.
Yet in the Mahurat Trading session of 2008, the Sensex surprised many by climbing 5.86%.

Avatar photo

By Team WM

WealthMunshi Team comprises finance professionals, writers, editors, and subject matter experts dedicated to delivering accurate and reliable information on personal finance and wealth management. Our goal is to simplify complex financial concepts and industry jargon, making finance accessible to all. With relatable content and practical advice, we empower individuals to make informed decisions and achieve their financial goals. Trust us to provide comprehensive guidance on financial planning, investment strategies, tax optimization, and wealth preservation. Join us on this enriching financial journey and let WealthMunshi be your trusted partner in securing a brighter future.

Leave a Reply

Your email address will not be published. Required fields are marked *