Mumbai22 minutes ago
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According to the Hindu calendar year, Hindu Vikram Samvat year 2082 is starting from the day of Diwali this year.
There is a tradition of Muhurta trading in the Indian stock market on the occasion of Diwali. Although there is a holiday in the stock exchange on this day, but even on the holiday, it is opened only for one hour especially in the evening, which is called Muhurta trading. However, this time Muhurta trading will take place today i.e. on 21st October in the afternoon instead of the evening.
That is, on this occasion, a one-hour special Muhurat trading session will be organized on the stock exchanges BSE and NSE from 1:45 pm to 2:45 pm. The 15-minute pre-opening session on Muhurta trading will be from 1:30 pm to 1:45 pm.
The time slot of Muhurta trading will also see trading in multiple segments like Equity, Commodity Derivatives, Currency Derivatives, Equity Futures & Options and Securities Lending and Borrowing (SLB).
BSE had announced Muhurta trading on 22 September.
BSE-NSE had issued a circular on September 22 announcing the date and time of Muhurta trading. On normal days the market opens from 9:00 am to 3:30 pm from Monday to Friday. Pre market session takes place from 9:00 to 9:15. Then the normal session continues till 3:30 pm.
Last year the market had risen by 335 points in Muhurta trading.
Last year, on November 1, 2024, in the Muhurta trading session, the Sensex closed at 79,724 with a gain of 335 points. Nifty also had a rise of 99 points, it closed at the level of 24,304.
If we talk about 2020 to 2023, the stock market has closed higher every time on Muhurta trading. The Sensex closed with an increase of 354 points in the year 2023, 525 points in 2022, 295 points in 2021 and 195 points in 2020.
Muhurta trading tradition is 69 years old
The tradition of Muhurta trading on Diwali in the stock market is about 69 years old. According to the Hindu calendar year, Hindu Vikram Samvat year 2082 is starting from the day of Diwali this year.
Throughout India this festival is considered the most auspicious time to welcome wealth, prosperity and good fortune. Similarly, a similar concept is associated with this Muhurta trading also. Stock market investors consider this day very special to start investing.
Muhurta trading is considered auspicious
In Hindu customs, Muhurta is a time when the movement of planets is considered favourable. Starting any work during the auspicious time ensures positive results. That is why on the auspicious time of Diwali, when the stock market opens for an hour, many people of Hindu religion start their investments.
Most people like to buy stocks as a symbol of Goddess Lakshmi. According to beliefs, people who trade during this one hour have a better chance of earning money and achieving prosperity throughout the year.
5 things that stock market investors should keep in mind…
1. Maintain discipline
Making dramatic changes to a portfolio increases risk. Such a habit can have a negative impact on long-term goals. It would be better to ignore the immediate fluctuations in the market and maintain discipline. If changes in the portfolio feel necessary then make small changes.
2. Keep tracking investments
When you invest in multiple types of assets, you may not be tracking all investments regularly. In such a situation, it will be difficult to respond accurately to changing market trends. So if you are unable to track your investments, take help from a trusted financial advisor.
3. Do not sell shares at loss
Ups and downs are the nature of the stock market. Investors should not panic due to the decline in the stock market. Even if you have invested money in the stock market and have incurred loss in it, you should still avoid selling your shares at a loss, because there is hope of recovery in the market in the long term. In such a situation, if you hold your shares for a long time then your chances of loss will be reduced.
4. Diversify your portfolio
Portfolio diversification is a good way to maintain stable investment value in a volatile market. Diversification means dividing investment among different assets according to risk appetite and goals. Its advantage is that if one asset (like equity) is falling, the simultaneous rise in another asset (like gold) will minimize the loss.
5. Stock basket will be right
In this you create a basket of shares and invest in all these shares. That means, if you want to invest a total of Rs 25 thousand in these 5 shares, then you can invest Rs 5-5 thousand in each. This reduces the risk.
Disclaimer: This article is only for information and learning. The opinions and advice given above are those of individual analysts or broking companies and not of Dainik Bhaskar. We advise investors to consult certified experts before taking any investment decision.
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