Muhurat Trading

Muhurat Trading: Get Ready to Make Some 'Dhan' This Diwali!

Wondering when to invest during the Diwali Muhurat Trading? We've got the scoop and top stock picks that could light up your portfolio!

As the festival of lights approaches, investors are gearing up for one of the most auspicious trading sessions of the year: Diwali Muhurat Trading! Set to occur on November 1st, 2024, from 6:00 to 7:10 pm, this symbolic event marks the new year in the Hindu calendar (Samvat). Traditionally, during this hour, millions of investors across India make their forays into the stock market, believing it sets the tone for their financial fortunes in the year ahead. But hang on, if you're scratching your head and wondering why it happens on Diwali, it's because of the deep-rooted belief that investments made on this day will bring good luck and prosperity, much like the sweets exchanged during the celebrations!

This year, amidst a backdrop of stock market jitters and heavy Foreign Institutional Investor (FII) selling, the stakes are high. The Indian equity market has witnessed tumultuous times, with close to Rs 1 lakh crore leaving the market due to heightened geopolitical tensions. Despite the caution, experts remain optimistic – they are recommending several top stocks for potential gains during the Muhurat Trading session. Some big names to watch include Axis Bank, which is showing bullish signs, along with Karur Vysya Bank, which analysts believe illustrate good buying opportunities.

For those looking to put their money to work, now is the time to take stock, literally! The Nifty index, for instance, previously peaked at a staggering 26,277 points before taking a tumble. However, history has shown that savvy investors who pick the right stocks during the Muhurat Trading session have reaped impressive returns. The question now is: will you be one of them this year? With the festival spirit in the air, it’s a good time to get your financial plans aligned with your festivities.

Interesting facts like how the practice of Muhurat Trading dates back decades, linking financial acts with auspicious timings, show just how deeply intertwined investment and tradition are in India. Plus, did you know that the average returns for stocks bought on Diwali Muhurat Trading historically outpace those bought during regular trading sessions? So gear up – this is not just any trading session, it’s a golden opportunity that combines the joy of Diwali with the thrill of the stock market!