Muhurat Trading 2021: Diwali, Festival of Lights is a really good time to start any new activity or start a new campaign. So why should traders and investors be restrained? Muhurat trading is a special one-hour trading session allowed for stock trading on Diwali.
As every year, the stock markets will hold a symbolic trading session that marks the beginning of a Hindu accounting year called Samvat. Muhurat Trading is the day of Lakshmi Pujan and market participants believe that buying or trading in this event can bring the blessings of Goddess Lakshmi and will mark the beginning of the journey to create wealth of the year.
The word Muhurat means a good time to start or to do something. Muhurat trading is a special trading activity in the Indian stock market held during the Diwali which is a major festival for the Indian people.
The trading period of the Muhurat is unlimited and changes every year. Many investors buy stocks for a long time during the Muhurat trade because they consider it attractive.
The trade made on this day is mostly due to traditional, religious and emotional reasons, Consumers and investors make token investments and usually hold the stock for a year or more. They usually end up booking the day’s profits after the Muhurat trade.
What is the trade of Muhurat?
Muhurat trading is a special one-hour trading session allowed for stock trading on Diwali. A small multi-party session preceded the main session. All trades made during the Muhurat trading session lead to a settlement. Buying and selling stocks during the Muhurat trading period is considered a good thing by a large number of stockbrokers and brokers.
The symbolic trading session marks the beginning of a new Hindu reckoning year, known as Samvat. The new Samvat is expected to bring market growth as India is likely to experience revitalized economic growth after the epidemic.
The timing of this Muhurat trade has not been fixed and is changing every year. Many investors buy stocks for a long time during the Muhurat trade because they believe it is a favor.
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Why the Muhurat Trade?
It is customary to do business during Muhurat, such as the worship of the Hindu goddess of wealth. Trading on this day, which is also the day when the Hindu financial year begins what is considered to be a blessing for the coming year. In addition, the Gujarathi community begins its new year on the day after Laxmi Puja (Muhurat Trade Day).
Muhurat Trading 2021
According to the Hindu calendar year this year, Diwali falls on Thursday which is November 4, 2021, on Samvat 2078. It is believed that the trade of Muhurat brings prosperity and wealth throughout the year.
The Muhurat trade will be held again on November 4, which is the day of Laxmi Poojan.
The times of this year are stated below
|Trading Session||BSE & NSE Timing|
|Pre-open Muhurat||6.00 pm – 6.08 pm|
|Muhurat Trading||6.15 pm – 7.15 pm|
|Post-closing Muhurat||7.25 pm – 7.35 pm|
History of the Muhurat Trade
The Muhurat trading session has a history of almost sixty years. Merchants regard this as a blessing from the goddess of wealth and prosperity, the goddess Lakshmi.
The oldest Asian stock exchange, the Bombay Stock Exchange (BSE), started trading in Muhurat in 1957 while the National Stock Exchange (NSE) operated since 1992.
Things You Must Know About Muhurat Trading 4 Important things
Are there any benefits to Muhurat Trading?
There are no specific benefits of Muhurat trading. It is mainly for worship on a good day that is the first day of the Hindu calendar.
Is Muhurat Trading suitable for new investors?
Muhurat Trading is said to be special and exciting for the new trader. As part of Muhurat Trading, one gets to understand the market and can try with very little investment. After gaining a thorough understanding, traders can invest by picking the best stocks.
Is Intraday allowed in Muhurat trading?
There are no restrictions on day-to-day trading during Muhurat trading. More information and information however is expected to trade this way.
Is Muhurat Trading Profitable?
While experienced traders may make a profit during the Muhurat Trading period and the same has been noted over the years, the whole idea of trading during the Muhurat trading period is to mark the beginning of prosperity and wealth. Sensex has been noted to be on the bullish side for a long time now.