- What: Muhurat trading hour is an auspicious time to make stock market investments
- When: 24th October, 2022 between 6:15 pm – 7:15 pm
What make Diwali and Muhurat so unique?
The fervour with which Indians indulge in a fascinating array of activities geared toward wealth creation. Probably one of the few instances where materialistic aspirations are celebrated and not associated with greed.
Now that Diwali is around the corner, every household has gone into a frenzy! The shopping, gifts, Puja, celebrations – hours of planning and effort goes into making this one day perfect.
But what about your investments? Do you have a plan for that on this auspicious day?
Markets are all about fresh energy and Muhurat trading is that hour when every investor hits the refresh button. Muhurat hour witnesses market participants paying obeisance to the goddess of wealth, Lakshmi.Shyam Agarwal, Windmill Capital
What is Muhurat Trading hour?
Muhurat, in the Indian context, refers to an auspicious time during which the stars and planets are said to align to favour luck.
The Muhurat Investing hour is an hour-long window that enables investors to place orders during the auspicious occasion of Diwali and its Lakshmi Puja rituals.
Although the markets remain closed on the day of Diwali, they open up for this auspicious window of one hour for Muhurat Trading. During this hour investors can place orders on the markets and invest like usual.
It is said that people who invest during this hour have higher chances of becoming wealthy and prosperous all year long. Most people like to buy equities around this time as a tribute to Goddess Lakshmi. Only the Indian stock markets have something this unique observed and agreed on by investors all over the country.
You create your investment portfolio with a lot of research and effort; that shows you care about your investments. These are times when topping up your portfolio on this auspicious day gives you a new positive vibe to your portfolio and your high-conviction stocks.Divam Sharma, Founder, Green Portfolio
Get Muhurat-ready with 30% off!
The History and Importance of Muhurat Investing
The Bombay Stock Market (BSE), Asia’s first stock exchange, established the BSE Muhurat Trading custom in 1957. Since 1992, even the National Stock Exchange (NSE) has held Diwali Muhurat Trading. The act of investing by individuals has now come to symbolise something.
Long popular in Indian stock markets, this type of trading has lately acquired popularity as an alternative to trading equities.
According to the Vikram Samvat calendar, business owners and stock traders in India also begin their new year on Diwali. On this day, new accounts are opened for the upcoming fiscal year. On Diwali, the brokerage community performs a unique Chopda Pujan and worships their ledgers.
Muhurat is all about the celebration of and tribute to Goddess Lakshmi – the Hindu Goddess of wealth, fortune, power, and prosperity.
Deepawali as a cultural event is auspicious and brings out positive energy in most. But statistically, it is just another day; there should be some token buy sell/book profit just to keep the trading alive, but responding to any herding of calls and picks can only make things look bleak.Alok Jain, Founder, Weekend Investing
The trading sessions on this auspicious day provide regular investors access to institutional brokers through High-Frequency Trading (HFT) platforms without having access all year round.
This day is an important one for investors. Historically, businesses have flourished during the festive season. The country goes into a shopping spree at this time of the year. It is considered auspicious and lucky to bring home new objects and appliances. Consequently, consumer spending is more, helping companies lap up maximum profits during the penultimate quarter of a fiscal year.
Diwali or no Diwali, the strategy remains simple. It is to scrub through the business as clean as we can and see if it deems fit for investment. We believe in the process of fundamental and scuttlebutt approach and this Diwali too we’ll stick to our process and hope for good results.Arvind Kothari, Founder, Niveshaay
Muhurat Trading Hour Timings
|Muhurat Trading Session||Timings|
|Block Deal Session||5.45 PM to 6.00 PM|
|Pre-Open Market||6.00 PM to 6.08 PM|
|Normal Market||6.15 PM to 7.15 PM|
|Call Auction Session||6.20 PM to 7.05 PM|
|Closing Session||7.25 PM to 7.35 PM|
How can I invest during Muhurat?
While several instruments are available for you to invest in, we want you to make the most of your time this Muhurat!
Investing in smallcases during Muhurat has its advantages –
- Hassle-free: You don’t have to worry about which stocks to pick; let the experts do that for you
- Super-fast: We don’t want your family to miss you during the Puja. Investing in smallcases during Muhurat saves time; just a couple minutes, and your investment is done!
- We remind you: You don’t have to keep track of time on a day you’re so busy. Let us handle that – set a reminder for yourself (if you haven’t already), and we’ll send you one along with a 30% discount coupon code on trending smallcases this Diwali
- We’ve already made a collection for you! Simply select from the trending smallcases that we’ve collected for you.
- With minimum investment amounts starting from as low as ₹300, there’s something for everyone here!
Trending smallcases for you, this Diwali!
There is a good probability that the pre-Muhurat blues will soon pass for the Indian markets if history and the last few sessions are evidence. The magic of Muhurat? Maybe.
I try not to be biased by the occasion but let data and methodology define my trading. Still, Diwali is an auspicious day where you see price movement to have a higher call and I love the celebratory event that all of this suddenly becomes!Sonam Srivastava, Founder, Wright Research
Quick checklist for Muhurat –
- Download smallcase
- Login with your Demat account
- Set a reminder for Muhurat Investing with us – get a 30% discount on subscription to trending smallcases this Diwali
- Make your investment during Muhurat in just a few minutes
- Get back to family for Puja and celebrations!
That’s it. That’s all you need to do. So, are you set for Muhurat on smallcase?