Diwali Muhurat Trading 2023 : A Bright New Beginning for Traders

Diwali, the festival of lights, is around the corner, and it’s truly an auspicious session for traders with the Diwali special Muhurat Trading session. 

While we’ve gone on to say that trading is something not emotional but technical, there are a few virtues and beliefs that our forefathers have followed to gain good fortune. 

Is it some magical time of the year when markets will create mesmerising results, or is it a belief system that’s been practised for a long time? 

As traders ourselves, we’ll get you updated on all the essential details about this session. 

Muhurat Trading – Understanding this Unique Stock Market Custom:

For people unfamiliar with this Hindi connotation “Muhurat” is a term that’s used by Hindu customers to refer to an auspicious time when planetary alignments are believed to bring positive outcomes. It’s a practice used for weddings, rituals, and so much more in the Hindu religion. 

However, among traders in the market, Muhurat trading is a customary practice that is observed during Diwali. 

It’s a 1-hour trading session that has been designated by the stock exchange on Diwali while investing in shares. It is considered a lucky investment when traders invest in the stock market in this particular period. 

The stock exchange has for time immemorial designated this specific time for Muhurat trading each year. The belief behind this tradition is that engaging in trading during the auspicious hour enhances the likelihood of accumulating wealth and prosperity. This unique costume stems from the belief that investing or trading on this day will yield great returns and is done as a symbolic representation of Goddess Lakshmi, the deity associated with wealth and prosperity. 

Muhurat Trading and Its Historical Significance:

India is a nation that’s driven by secular beliefs, religious teachings and a rich history inspired by Hindu mythology. 

In India, business owners and stock brokers consider Diwali not just as a festival but as the start of a new beginning as well. They go about during this time by opening new accounts for the upcoming fiscal year, symbolising a fresh beginning and so much more. 

Several rituals such as the Chopda Pujan, a ritual in which the worship of their books and accounts is also done during this session. This festival is also a time that symbolises prosperity and is considered a time to honour Goddess Lakshmi, the embodiment of wealth and prosperity. 

This unique practice of Muhurat Trading has a rich history that has been spanning for more than 6 decades. It originated at the Bombay Stock Exchange (BSE) in the year `1957 and was subsequently adopted by the National Stock Exchange (NSE) in 1992. 

During this auspicious occasion, Hindu investors perform Lakshmi Pujan, a prayer to Goddess Lakshmi, before purchasing the shares. As per belief Muhurat trading does not guarantee profits but it is believed to have a positive impact on one’s wealth throughout the year. 

Over time the BSE Sensex has often given investors good luck on this aspect as it’s a special day, thereby leading towards a sense of optimism among the participants. 

Muhurat Trading – What usually happens during this session?

As our avid readers, we would like to direct you to the proceedings of the Muhurat Trading session. 

During the Muhurat Trading session it deviates from the regular weekday market schedule operating from 9:15 am to 3:30 pm, a special 1-hour trading window which opens at a specific time. 

Block Deal Session:

During this session, 2 parties, the buyers and sellers usually agree to purchase or sell a security at a fixed price and subsequently notify the relevant stock exchange about the transaction.

Pre-open session: 

This specific eight-minute session determines the equilibrium price for the upcoming trading period. 

Normal Market Session:

The special 1-hour Muhurat trading session is quite similar to the regular market session where actual trading activities are allowed. 

Call Auction Session:

This specific session is specifically designed for trading liquid securities. 

Closing session:

Here, the special Muhurat Trading session comes to an end and the traders and investors can place market orders at the closing price. 

Muhurat Trading Timings 2023:

As per the latest news coming in from the stock market, the Muhurat trading session for this particular year will commence on Sunday, November 12, 2023, between 6:15 PM and 7:15 PM. This will be the duration of the Diwali- Laxmi Pujan. 

The timing will tentatively be scheduled as follows: 

Block Deal Session5:45 PM – 6:00 PM
Pre- Open Session6:00 PM – 6:15 PM
Muhurat Trading Session6:15 PM – 7:15 PM
Call auction session6:20 PM – 7:05 PM
Closing Session 7:15 PM – 7:25 PM

Important note: The above-mentioned timings are a tentative schedule that’s been given, and the precise schedule for the Muhurat trading session would typically be disclosed by the stock exchanges a few days before Diwali. These above-mentioned timings serve as an illustration and could vary from one year to another.

Download the Commodity Samachar app, and get notified about the specific timings, live market updates and also the stocks that will be in focus on the specific Muhurat. 

Muhurat Trading – Should traders take advantage of it this Diwali?

Well, this is one of those times when good fortune takes over the stock market and supposedly gives you luck in trading. 

For people who are curious about stocks, may it be beginners, people who’ve stopped trading or students wanting to learn about the trade market, there is no better time than Diwali to start the trading journey. 

During this Muhurat trading session, the market usually sees high activity and a positive outlook. This makes it a valuable opportunity for both beginners and experienced traders. 

However, it’s crucial to be attentive due to the short and intense trading period. The day’s excitement and inculcation of new entries of traders into the market could potentially influence market dynamics, creating openings for day traders, however, it would need careful navigation to cruise through this market on this specific session. 

Final Note from Commodity Samachar: 

It’s the perfect day to invest in the stock market and start the journey this Diwali. It brings prosperity and wealth to investors who invest in the stock market on this day. 

Get the best investment picks for the Muhurat trading session on Diwali by subscribing to our “Investment Ganesha” package by Commodity Samachar. Get in touch with us, and we’ll suggest you the best stocks to invest in for a wealthy and prosperous Diwali. 

Commodity Samachar
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