In the traditional calendar, a ‘Muhurat’ is a time during the day that is considered to be the most auspicious time. On the occasion of Diwali, stock exchanges hold a special symbolic trading session known as Muhurat trading. Inventors have been practicing share market Muhurat trading for centuries. It is an old notion that trading during Muhurat trading will bring a trader or investor wealth and prosperity for the entire year. The majority of traders buy stocks during this session, which takes place largely in the evening.
Why is Diwali special for Indian Investors?
For many Indian households, Diwali is the start of a new year. Diwali, in addition to its religious meaning, marks the beginning of the Hindu accounting year known as ‘Samvat.’
Stock trading on this day has been a long-standing symbolic rite in the trading community for more than half a century. Traders eagerly wait for the day of Diwali because they believe that exchanging tokens on this day is a good omen since it honors Goddess Lakshmi, the Hindu goddess of riches and prosperity, for her favors throughout the Samvat year and that’s why Diwali has Muhurat trading. Investors and stockbrokers seek blessings from Laxmi and Ganesh before the traditional trading session.
During this trading, along with gold and silver, people also invest in mutual funds.
Muhurat trading timings, its significance, and why you should invest?
Indians place a high emphasis on tradition and ensure that things are done according to the correct Muhurat. It is thought that if an activity is accomplished during this time, it will be completed without difficulty and people follow this thing in trading as well. Muhurat trading investment is only available on the Indian Stock Exchange. Each year, it is held at a different time, according to the most fortunate hour of the day.
Following tradition, the Bombay Stock Exchange and National Stock Exchange will have a Muhurat trading session on Diwali in 2021. (November 4). The Muhurat trading session will begin at 6:15 p.m. and terminate at 7:15 p.m along with the pre-open Muhurat session which will take place between 6:00 p.m and 6:08 p.m.
During the Muhurat trading session, investors and brokers buy value-based shares that will benefit them in the long run. Many investors feel that assets obtained on this day should be kept as lucky charms for the rest of their lives. They purchase stock and pass it down to the next generation.
Diwali is also thought to be the best day to start something new and that’s why Diwali has Muhurat trading. Markets normally climb during the Muhurat trading day, as per experts and this single reason is enough why you should invest in Muhurat trading. Many people make their first stock market investment during this special trading session because they believe that it is an excellent day to begin investing in the stock market, whether in huge amounts, little amounts.
Many traders think that the planets are aligned during the Muharat occasion in such a way that trading or any other job done during this time is free of the influence of bad forces, and that anyone investing in the market at this period is more likely to have a profitable outcome. This is one of the key reasons why it is said that purchasing and selling stocks during the Muharat trading hour brings prosperity and fortune.
If you’re still seeking the ideal Muhurat to begin investing in, then this Diwali is your lucky break.