Are you ready for ‘Muhurat Trading’ this Diwali?
Muhurat Trading 2019: First of all, a very happy and prosperous Diwali to you and your family in advance. May this Diwali and the upcoming new years fulfills all the wishes that you wished for. Have a blast!
You might be ready for the Diwali- cleaned your house; bought diyas, candles, sweets & crackers, etc. But are you ready for trading this Diwali?
Don’t be confused. Yes, the stock market will remain closed on Diwali, i.e. 27th October 2019, during the normal stock market trading timings. However, stock exchanges will open for an hour in the evening for trading. This period of trading called ‘Muhurat Trading’ and this tradition has been followed in India since 1979.
As this trading is conducted on the day of Diwali, Muhurat Trading is considered auspicious and any trades conducted in these sixty minutes are believed to bring good fortune and prosperity. Moreover, this mahurat trading period is considered propitious for the upcoming year.
BSE and NSE will organize Muhurat Trading session between 6.15 PM and 7.15 PM. The pre-opening session will be held between 6:00 Pm to 6.08 Pm. Hence a normal trading will be conducted between these 60 minutes.
|Pre-Open Session||6:00 to 6:08 PM|
|Muhurat Trading Session||6:15 to 7:15 PM|
*Note: All trades executed in this Diwali Muhurat trading session would result in settlement obligations
Why Muhurat Trading?
Muhurat trading refers to the trading done on this auspicious day of Diwali. According to Indian tradition, Diwali marks the starting of the new year, and the trading done on this day is considered to bring prosperity and wealth throughout the year.
Further, it’s a very promising time to plan your investment for the upcoming year with your advisors/brokers to achieve your financial goals.
Here are a few quick links to read more:
- Diwali 2019: 8 stocks with high upside potential to invest in this year’s Muhurat trading
- जानिए क्या होती है मुहूर्त ट्रेडिंग? सिर्फ एक ही घंटे में बरसता है पैसा ही पैसा
- Bourses to hold 1-hour Diwali muhurat trading session on October 27
Once again, a very happy Diwali. And HAPPY INVESTING.