There is a special information for investors in the festive atmosphere of Diwali. This year, both the major stock markets of the country, BSE and NSE, will remain closed on 21st and 22nd October on the occasion of Diwali. Many families consider it a tradition to start new investments on the auspicious occasion of Lakshmi Puja on the night of Diwali. Taking this spirit forward, ‘Muhurat Trading’ is organized in the stock markets every year on the evening of Diwali, which is considered very auspicious and fruitful for investors.
This time the Muhurta trading time has been fixed on 21st October. Investors can trade between 1:45 pm to 2:45 pm, while the pre-open session will be from 1:30 pm to 1:45 pm. This special one hour session is highly preferred for trading. Talking about the past years, often after Muhurat trading, Sensex and Nifty markets have closed with positive signals, which increases the morale of investors.
The tradition of Muhurta trading has been going on for decades. The stock market does not remain completely open the whole day but only a fixed time is available for trading. On this day, normal buying and selling is done, according to traditional belief, on this day, by the grace of Goddess Lakshmi, one gets good profits on investment throughout the year. Investors start their efforts for the coming year by expanding their portfolio in auspicious time.
Due to closure of the market, there will be no trading on October 22, this day has been kept under Balipratipada holiday. That means investors will not get a chance to trade for two consecutive days, transactions will be possible only during a special session of one hour on the day of Diwali.
This Diwali, it is important for investors not to forget to take advantage of the special opportunity of Muhurta trading. Traditionally, this time marks the beginning of new investments, which opens the way for happiness, prosperity and economic progress throughout the year.