Diwali Trading Muhrat 2023: The special symbolic trading session will usher in a new ‘Samvat 2080’.
Diwali Trading Muhrat 2023
On the occasion of Diwali, the BSE and NSE will organize a one-hour special ‘Muhurat’ Trading session – a treasured custom – on Sunday evening. It is seen to be an auspicious time for stock market activities. The session will run from 6 p.m. to 7.15 p.m., including a 15-minute pre-market section.
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The special symbolic trading session will commemorate the start of a new ‘Samvat 2080’ – that is, the start of a new Hindu year or Vikram Samvat. This ceremony is thought to bring prosperity and wealth throughout the year.
What to expect from the Diwali Muhurat trading session?
- During the ‘Muhurat’ trading session, various segments will be open, including equity, commodities derivatives, currency derivatives, equity futures and options, and securities lending and borrowing (SLB).
- The market is likely to be generally optimistic because individuals are more concerned with emotions than with numbers on this day.
- Businesses of all sizes are anticipated to acquire and sell stock options during Diwali since many people are calculating the new fiscal year.
- Trading is thought to bring money and success during this session.
- Both the Sensex and Nifty indices grew by 0.88% during the one-hour trading session last year, and by 0.49% in 2021.
What happens during Muhurat? All about the 5 stages:
- The trading session is divided into five sessions: the block deal, the pre-open, the main trading, the call auction, and the closing session.
- The first phase is the block deal session, in which traders agree to purchasing or selling stocks at a fixed price and notify the stock exchange.
- The stock exchange calculates the starting price based on supply and demand during the pre-open session. This typically lasts about eight minutes.
- The major trading window is the most important period of Muhurat trade, which lasts around an hour.
- The trading session is divided into five sessions: the block deal, the pre-open, the main trading, the call auction, and the closing session.
The first phase is the block deal session, in which traders agree to purchasing or selling stocks at a fixed price and notify the stock exchange. The stock exchange calculates the starting price based on supply and demand during the pre-open session. This typically lasts about eight minutes. The major trading window is the most important period of Muhurat trade, which lasts around an hour.
What is Diwali Muhurat Trading?
Muhurat Trading is a revered custom that provides a one-hour auspicious window for stock market activity on Diwali. Samvat is a symbolic rite associated with the start of the Hindu calendar’s New Year. Scheduled during the Goddess Laxmi Puja on Diwali, it is believed to provide wealth and success to traders who trade at this time.
Date and timing for Diwali trading muhrat
According to BSE and NSE announcements, the Diwali symbolic trading session, including the 15-minute pre-market section, will take place on Sunday between 6pm and 7:15pm. Several components will be open during this time period, including equity, commodities derivatives, currency derivatives, equity futures and options, and securities lending and borrowing (SLB).
Frequently asked questions
What is the time of muhurat trading on Diwali?
6:15-7:15 pm
This includes a pre-market session from 6-6.08 p.m., according to separate circulars from the stock exchanges. Furthermore, the block deal window will open at 5:45 p.m. The muhurat trading session in the commodity and currency derivative segment will take place from 6:15 to 7:15 p.m.
Can we sell shares in Diwali Muhurat trading?
Because liquidity is extremely limited on the Muhurat trading day, it is not suggested to buy or sell in large quantities. Nonetheless, most investors, particularly rookie investors, can get started on this auspicious day by making small investments in equities they are interested in.
Is muhurat trading bullish?
For the muhurat trading session, various categories will be open, including equity, commodities derivatives, currency derivatives, equity futures and options, and securities lending and borrowing (SLB). On this day, individuals are influenced by emotions more than numbers, therefore markets are predicted to be generally bullish.
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