Muhurat Trading Time

Diwali Muhurat Trading: It's Not Just About Stocks, It's About Superstitions!

Unlock the secrets of Diwali Muhurat Trading with these 10 fun facts! 🪔📈 Dive into why this tradition makes traders wish for profits and auspicious beginnings!

Diwali is a festival that brings joy, light, and the aroma of delicious sweets wafting through the air. But did you know it’s also a time when stock traders fire up their terminals for a special one-hour session of Muhurat trading on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)? Not just an ordinary trading day, Muhurat trading is conducted on the auspicious occasion of Diwali, marking the start of a new financial year according to the Hindu calendar, Samvat 2079, this year on November 1st from 6:00 PM to 7:00 PM. It’s a unique ceremony blending tradition with modernity, captivating every trader’s heart.

While most of us indulge in bursting crackers and eating sweets, the hardcore traders are busy making their picks. One lesser-known fact is that this tradition has been around since the bursting of the stock market bubble well before the turn of the millennium! Also, during this trading hour, many traders even pray for prosperity, clinging to the belief that trading during Muhurat will yield positive returns for the year ahead. Think of it as a stock exchange version of New Year's resolutions!

Curious about the significance of when to trade? Here’s a fun twist: while insiders usually aim for a specific Muhurat, they're also heavily swayed by the whimsical positions of celestial bodies! Yep, astrologers are consulted to pinpoint the most auspicious time to trade. So if you ever wondered why the stock market sometimes feels like a mix between the astrology column and Wall Street, now you know! Lucky charms might not be on the trading floor, but trust us, many traders believe in their invisible powers when placing orders.

So, is Diwali Muhurat trading on October 31 or November 1? The consensus finds its footing on November 1, with energetic traders possibly engaging in last-minute Diwali shopping! Interestingly, this one-hour trading extravaganza not only welcomes new stocks to hold but also ignites the jolly spirit among market participants, reminding them of the bigger picture beyond profit and loss. Besides, trading apps have made this centuries-old custom even more accessible by ensuring that your smartphone becomes your new lucky charm!

Did you know? The average trading volume on Muhurat trading often dwarfs that of a usual day! Moreover, the stocks that traders pick during this session are believed to flourish by the end of Samvat—so it’s not just an hour of buying and selling; it’s like spiritual investing! Remember, whether you're diving into stock portfolios or throwing colors of joy during this festive season, the essence of Diwali remains the same: good vibes and better fortunes!