Muhurat Trading Time for Diwali 2023
In the quiet embrace of the night, an auspicious tradition unfolds. As the world prepares to celebrate Diwali, we bring to you a hidden hour, a fleeting moment when the stock market awakens with a fervor like no other. It’s Muhurat Trading Time for Diwali 2023!
It is a spellbinding convergence of tradition and commerce, where investors seize opportunities under the auspices of prosperity. This article will explore the concept of Mahurat Trading, along with everything else you need to know about the Stock Market Diwali Muhurat Trading 2023.
What is Muhurat Trading?
Before we decode the essence of Muhurat trading, let’s explore the term “Muhurat” itself. “Muhurat” signifies an auspicious time in Hindu customs, denoting a period when planetary alignments are favorable, promising positive outcomes.
Muhurat Trading, a customary practice in India, designates a one-hour window on Diwali deemed propitious for investing in stocks. The stock exchange specifies this specific time every year. Believers assert that those who trade during this hour increase their chances of amassing wealth and prosperity in the coming year. Typically falling during the evening of Diwali, many individuals prefer to purchase stocks as a token of devotion to Goddess Lakshmi. This unique practice is exclusive to Indian stock markets.
Historical Insights into Muhurat Trading
Muhurat Trading has a deep-rooted history. Traditionally, stockbrokers initiated their new year on Diwali, inaugurating new settlement accounts for their clients during the auspicious Muhurat. Furthermore, the broking community would perform the Chopda Pujan, a ritual to worship their books of accounts, on Diwali.
One prevalent belief was that Marwari traders and investors sold stocks during Muhurat as they held that money should not enter their homes on Diwali. In contrast, Gujarati traders and investors purchased shares during this sacred period. However, with no concrete data to support this, contemporary times have witnessed a shift in these practices.
Today, Mahurat trading primarily serves as a symbolic gesture, where most Hindu investors engage in Lakshmi Pujan and subsequently invest in robust companies with the potential for long-term returns.
What Transpires During Muhurat Trading?
On Diwali, both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) allow trading for a limited muhurat trading time. The session is typically divided into several phases:
1. Pre-Open Session: Where two parties agree to buy/sell securities at a fixed price and inform the stock exchange.
2. Equilibrium Price Determination: A brief phase, usually lasting around eight minutes, where the stock exchange establishes the equilibrium price.
3. The One-Hour Trading Session: The most active trading time.
4. Post-Close Session: Focused on trading illiquid securities.
5. Market Close: Where traders and investors can place market orders at the closing price.
Muhurat Trading Time Schedule for 2023
In 2023, Muhurat Trading will take place on November 12th, with the following Muhurat Trading Time schedule:
| Session | Date | Timings |
| Pre-Open Session | 12th November, 2023 | 6:00 PM – 6:08 PM IST |
| Muhurat Trading | 12th November, 2023 | 6:15 PM – 7:15 PM IST |
| Post-Close Session | 12th November, 2023 | 7:30 PM – 7:38 PM IST |
| Call Auction Session | 12th November, 2023 | 6:20 PM- 7:05 PM IST |
| Market Close | 12th November, 2023 | 7:40 PM IST |
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- Set a Reminder: Avoid missing out on the Muhurat hour by setting a reminder to ensure you place your order on time.
Who Can Benefit from Muhurat Trading?
The Muhurat trading session presents an excellent opportunity to buy or sell stocks due to high trading volumes and a generally bullish market sentiment during Diwali. It appeals to both experienced and novice investors and traders. For those who believe in auspicious planetary alignments, Diwali serves as an ideal muhurat trading time to embark on their stock market journey.
If you are new to stock investment, Diwali can be a fortuitous starting point. Select high-quality companies and invest with a long-term perspective aligned with your financial plan. However, for those stepping into stock trading for the first time, it’s advisable to observe the markets during
Muhurat Trading NSE or BSE and practice paper trading to gain experience, given the inherent volatility.
Experienced day traders can leverage this session as well. While the focus may not solely be on profitability, they can make informed decisions to secure gains.
In conclusion, while the economic landscape has faced challenges in recent times, Diwali Muhurat Trading Stock Market is an occasion that encapsulates the spirit of prosperity and wealth. Whether you’re a seasoned trader or a newcomer, make thoughtful decisions as you participate in this cherished tradition.
Benefits of Muhurat Trading
- Fortune and Prosperity: Muhurat trading is believed to bring good luck and prosperity to traders and investors, making it an auspicious muhurat trading time for new investments and important decisions.
- Positive Market Sentiment: The positive sentiment generated during Muhurat trading Share Market often sets the tone for the upcoming year, boosting investor confidence and fostering a favorable outlook.
- Reduced Volatility: Muhurat trading features limited trading hours and lower trading volumes, resulting in lower volatility. This reduced market turbulence creates a safer and more stable trading environment.
Key Considerations Before Engaging in Muhurat Trading
Before engaging in Muhurat Trading, consider these crucial aspects:
- Auspicious Timing: Many investors and traders consider this period as an auspicious muhurat trading time for investments.
- Settlement Obligations: Remember that all open positions at the end of the session require settlement.
- Resistance and Support Levels: The market can be volatile during the session, so keep a close eye on resistance and support levels.
- Fundamentals Matter: Stick to the fundamentals of a company before making long-term investments. Resist the lure of excitement and rumors.
- Trading Volumes: If you seek to profit from volatility, choose stocks with substantial trading volumes.
- No Guarantees: Keep in mind that investing during this period does not guarantee future returns. The performance of a stock on Diwali trading hours does not determine its future performance. Invest wisely.
To Wrap It Up…
Even with all the knowledge in the world, it is absolutely essential to do your own research. No matter if you are investing during Muhurat Trading or not. So, perform your due diligence when it comes to investments
We hope you have a wonderful time trading during this auspicious muhurat trading time. Wishing you a prosperous and joyous Diwali!
Check out the Top Diwali Picks collection here
FAQs
Any trader with an account at a registered stockbroker can join the Muhurat Trading session.
The Mahurat Trading Time session will take place from 6:15 PM – 7:15 PM IST in 2023.
The Diwali Muhurat Trading Stocks Session will occur on 12th November in 2023.
You have the option to conduct intraday trades on Muhurat Trading. However, it’s important to pre-plan since all intraday positions must be closed 15 minutes before the market’s closing.
You can trade Futures and Options (F&O) during diwali muhurat trading time. This also enhances the overall experience for investors and traders.
No. It is completely up to the investor, whether they want to participate or not.
