Diwali Celebrations on the Stock Market
The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have announced a special one-hour Muhurat trading session on Friday, November 1, to mark the auspicious occasion of Laxmi Puja during Diwali.
A Symbol of Prosperity
Muhurat trading is a cherished tradition that signifies the beginning of the new Samvat 2081. It’s believed that investments made during this time will bring prosperity and good fortune in the coming year.
Timing of Muhurat Trading
The Muhurat trading session is scheduled between 6 pm and 7 pm on November 1. A pre-open session will take place from 5:45 pm to 6 pm to facilitate order entry and modification.
Market Segments Included
The Muhurat trading session encompasses various market segments, including equity, commodity derivatives, currency derivatives, equity futures and options (F&O), securities lending and borrowing (SLB), and more.
A Brief History of Muhurat Trading
The BSE initiated the formal practice of Muhurat trading, with the NSE adopting it later. This tradition dates back centuries, rooted in the belief that investments made during this auspicious time will yield positive returns.
MCX Joins the Celebration
The Multi Commodity Exchange of India (MCX) has also announced Muhurat trading on November 1, from 6 pm to 7:15 pm, allowing clients to modify their codes during this time.
Regular Trading Session Closed
Please note that the regular trading session will remain closed on November 1, with only the Muhurat trading session taking place in the evening.
Investors’ Sentiment Boosted
Muhurat trading is an essential event for investors, boosting market sentiment and fostering optimism for the coming year.
A Time for Reflection and Renewal
As Diwali symbolizes the triumph of light over darkness, Muhurat trading represents a fresh start, encouraging investors to reflect on their financial goals and strategies.
Auspicious Beginnings for Samvat 2081
As the new Samvat 2081 commences, Muhurat trading sets the tone for a prosperous and successful year ahead, filled with opportunities and growth.