Muhurt Trading 2023
When is Muhurt Trading, this year?
As per notification received from BSE & NSE, this year (2023) round, the session will be held from 6 pm to 7:15 PM on Sunday, November 12.
The festive season has begun and we can see festivity, joy, happiness all around. As we are aware that the Diwali is festival of lights and we all pray for Happiness and Prosperity of ourselves, friends, families and the whole World. On this auspicious day, we pray specially Goddess of Wealth & Prosperity, Shree Laxmi jee.The festival of Diwali is also celebrated in the Stock Exchange with great zeal and enthusiasm and this is celebrated in the form of special “Muhurt Trading Session”.
History, Process, and Significance of Muhurt Trading in Stock Exchange
History
Muhurat trading is a one-hour trading session on Diwali, the Hindu festival of lights. It is considered an auspicious time to invest in the stock market, and many traders and investors believe that it can bring good fortune and prosperity.
The tradition of Muhurat trading dates back to the early days of the Indian stock market. In the past, stockbrokers would start their new year on Diwali. To commemorate this occasion, they would open new settlement accounts for their clients on Diwali. This auspicious time was known as Muhurat. The Bombay Stock Exchange (BSE) was the first to institutionalize this practice in 1957, and the National Stock Exchange (NSE) followed suit in 1992.
Over time, the tradition of Muhurat trading evolved to include all traders and investors, regardless of whether they were starting a new year or not. Today, Muhurat trading is a one-hour trading session on Diwali that is considered to be an auspicious time to invest in the stock market.
Process
Muhurat trading typically takes place in the evening of Diwali, and the exact timing is announced by the stock exchanges in advance. The session typically lasts for one hour, but it can vary from year to year.
During the Muhurat trading session, all regular trading rules and regulations apply. However, the mood is often festive and celebratory. Many traders and investors dress in traditional attire and perform religious rituals before trading. This is a way to show their respect for the tradition and to seek blessings for prosperity and wealth.
Significance
Muhurat trading is significant for a number of reasons:
- It is a way for traders and investors to start the new financial year on a positive note.
- It is a way to honour Goddess Lakshmi, the Hindu deity of wealth and prosperity.
- It is a way to participate in a centuries-old tradition.
- It is a way to show solidarity with other traders and investors.
Statistics
While Muhurat trading is a short session, it can generate significant trading volumes. According to historical data, the BSE Sensex has closed higher in seven out of the last 10 Muhurat trading sessions.
This suggests that Muhurat trading may be a good time to invest in the stock market. However, it is important to note that past performance is not indicative of future results.
Conclusion
Muhurt trading is a unique and important tradition in the Indian stock market. It is a time for traders and investors to come together and celebrate the new financial year. It is also a time to honour Goddess Lakshmi and seek her blessings for prosperity and wealth.
Tips for Muhurat Trading
If you are planning to participate in Muhurat trading, here are a few tips:
- Do your research in advance and identify stocks that you want to invest in.
- Be prepared to act quickly, as the trading session is very short.
- Have a clear trading plan in place.
- Don’t invest more money than you can afford to lose.
- Remember, Muhurat trading is a symbolic gesture and does not guarantee profits, it can be a fun and rewarding experience.
You may Visit SBI Securities official website to know more
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