Diwali Muhurat Trading 2023: Date, Timings And Other Details Here

Diwali Muhurat Trading 2023 Date And Timings: The Stock Markets (BSE and NSE) will open for one hour on Sunday, November 12 for the Muhurat Trading session on Diwali 2023.

Muhurat Trading is a one-hour trading session that takes place on Diwali, a Hindu festival. Investors typically buy stocks during this time as a way to start the new year off on a good note. Some investors buy stocks for their children as a long-term investment, while others book their intraday profits.

What is the Muhurat trading time?

This year's Muhurat trading will take place on Sunday, November 12, 2023. Unlike regular weekdays, Muhurat Trading is limited to just a one-hour window at a predetermined time.?

Diwali Muhurat Trading 2023: Date, Timings And Other Details Here | Shutterstock

Diwali Trading Muhurat 2023 Date & Timings

Take a look at the Muhurat Trading time, 2023 for both BSE and NSE:

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What are the rules of Muhurat trading?

Muhurat Trading adheres to the identical rules and regulations as standard trading. This special trading session spans one hour, taking place in the evening on Diwali. During this time, the market opens for trading in equities, derivatives, and currency derivatives.

Diwali Muhurat Trading 2023: Date, Timings And Other Details Here | Unsplash

Muhurat Trading 2023 History & Importance

Muhurat trading is a one-hour trading session conducted on the auspicious occasion of Diwali, the Hindu festival of lights. It is a symbolic and traditional practice that has been observed for centuries by the trading community in India. The word "Muhurat" means "auspicious time" in Sanskrit, and it is believed that trading during this time brings wealth and prosperity throughout the year.

The history of Muhurat trading can be traced back to ancient India. It is believed that King Vikramaditya started this practice during his reign. He believed that commencing Diwali Muhurat trading would bring prosperity to his kingdom. Over time, it evolved into a cherished custom among traders.

Muhurat trading was first conducted on the Bombay Stock Exchange (BSE) in 1957. It was subsequently adopted by the National Stock Exchange (NSE) in 1992. The timing of Muhurat trading is determined by astrologers and is announced by the stock exchanges in advance. It typically takes place in the evening, after the Lakshmi Puja ceremony.

The Muhurat Trading session is divided into the following segments

On Diwali, both NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) permit trading for a limited time. Typically, the session is divided into the following parts:

Block Deal Session – where two parties agree to buy/sell a security at a fixed price and inform the stock exchange about it

Pre-Open Session? – where the stock exchange determines the equilibrium price (usually around eight minutes)

Normal Market Session – the one-hour session where most trading takes place

Call Auction Session – where illiquid securities are traded. Security is termed illiquid if it satisfies the criteria set by the exchange.

Closing Session – where traders/investors can place a market order at the closing price

Historical Performance of Muhurat Trading

The historical performance of Muhurat trading has been mixed. In some years, the stock market has ended in the green on Muhurat trading day, while in other years, it has ended in the red. However, over the long term, the stock market has generally performed well on Muhurat trading day.

For example, in the past 10 years, the BSE Sensex has ended in the green on Muhurat trading day 7 times and in the red 3 times. The average return on the BSE Sensex on Muhurat trading day during this period has been 0.83%.

It is important to note that Muhurat trading is a symbolic and traditional practice, and it should not be viewed as a guarantee of profits. Traders and investors should always do their own research before making any investment decisions.

Diwali 2023: 5-Day Festival Days

Diwali Festival Day 1: Dhanteras (November 10, Friday)

Dhanteras is a Hindu festival that marks the beginning of the five-day Diwali festival. It is celebrated on the thirteenth lunar day of the dark fortnight (Krishna Paksha) in the Hindu month of Kartika. Dhanteras is considered to be an auspicious day to buy new things, especially gold and silver. It is also a day to worship Lord Dhanvantari, the Hindu god of medicine and Ayurveda.

The word Dhanteras is derived from the Sanskrit words "dhan" (wealth) and "teras" (thirteen). On this day, people believe that buying new things, especially gold and silver, will bring them good luck and prosperity. Dhanteras is also a day to clean and decorate the home and to prepare for the Diwali celebrations.

Diwali Festival Day 2: Choti Diwali (November 11, Saturday)

Choti Diwali, also known as Naraka Chaturdashi, is the second day of the five-day Diwali festival. It is celebrated on the fourteenth lunar day of the dark fortnight (Krishna Paksha) in the Hindu month of Kartika. Choti Diwali marks the victory of good over evil, as it is the day that Lord Krishna killed the demon Narakasura.

Diwali Festival Day 3: Diwali (Laxmi Puja) (November 12, Sunday)

Diwali, also known as Deepawali, is the biggest and most important festival in Hinduism. It is a five-day festival that celebrates the victory of good over evil, light over darkness, and knowledge over ignorance. Diwali is celebrated on the darkest night of the Hindu month of Kartika, which typically falls in October or November.

Diwali Festival Day 4: Govardhan Puja (November 14, Tuesday)

Govardhan Puja is a Hindu festival celebrated on the second day of Diwali. It is a festival that celebrates the victory of Krishna over Indra, the king of the gods.

The story goes that Indra was angry with Krishna for teaching the villagers to worship Govardhan Hill, a sacred hill in Vrindavan, instead of him. Indra sent a downpour of rain to punish the villagers, but Krishna lifted Govardhan Hill on his finger to protect the villagers from the rain.

Diwali Festival Day 5: Bhai Dooj (November 15, Wednesday)

Bhai Dooj is a Hindu festival celebrated by brothers and sisters. It is celebrated on the second day after Diwali, which is the darkest night of the Hindu month of Kartika.

The word Bhai Dooj is derived from the Sanskrit words "bhai" (brother) and "dooj" (second). The festival is a celebration of the bond between a brother and a sister.

Diwali 2023 Muhurat Trading FAQs

Q: What risks come with Muhurat Trading?

The risks associated with Muhurat Trading mirror those of standard trading. It's crucial to conduct your own research before making any investments.

Q: Do the trading rules and regulations differ for Muhurat Trading?

No, the trading rules and regulations for Muhurat Trading are consistent with those of regular trading.

Q: Is Muhurat Trading open to everyone?

Indeed, Muhurat Trading is accessible to anyone possessing a trading account with a licensed stockbroker.

Q: When does Muhurat Trading occur?

Typically, the timing for Muhurat Trading is disclosed by the stock exchanges a few days prior to Diwali. This special trading session typically unfolds in the evening and lasts approximately an hour.

Source: BSE

Note: Dates/timings may be subject to change; details mentioned here are as per the information available.

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