The Muhurat trading session, considered an auspicious time for investing, will take place this year on November 1 from 6:00 PM to 7:00 PM on both the National Stock Exchange and the Bombay Stock Exchange
It is believed that worshiping Goddess Lakshmi during Diwali brings prosperity. Keeping with this tradition, the Indian share market remains open for a special Diwali trading session. This unique ritual is also referred to as Muhurat trading. It also marks the beginning of the Hindu calendar Samvat 2081.
Muhurat trading is a ritual that is unique to the Indian stock market. The Muhurat trading session is considered auspicious for investing. This year the session will start on 6 pm November 1 and will continue till 7 pm. It will take place both on the National Stock Exchange and The Bombay Stock Exchange. The Muhurat trading session will have a pre-opening session from 5.45 to 6 pm. However, the markets remain closed today from 9.15 am to 3.30 pm. The Muhurat session is considered to be a good opportunity for long-term investors. Investors believe that trades conducted during the Muharat session bring luck, prosperity, and success. Thus Muhurat trading is a ritual that is steeped in traditions and yet married in modern finance.
Here are some popular approaches in Muhurat trading.
Long-term Investments: Investors often make purchases they intend to hold long-term, believing these investments are blessed and will grow steadily. Muhurat trading is thus meant for long-term strategies and not short-term speculation.
Portfolio Initiation or Balancing: Muhurat trading is an occasion to invest for both seasoned investors and first-time investors in the stock market Some investors use the Muhurat session to either start their portfolio or rebalance existing investments, aligning them with their financial goals.
Value Stocks: Choosing fundamentally strong stocks that are expected to appreciate over time is a common practice in Muhurat trading. It has often been seen that stocks that perform well during this session continue to perform well even after Diwali.
Thus Muhurat trading is a unique blend of tradition and prudent financial strategy which marks the auspicious start of the Hindu calendar. This session helps investors align their portfolios with long-term goals and one often invests in fundamentally strong stocks that are expected to bring steady growth.