There is a tradition of Muhurat trading in the Indian stock market on the occasion of Diwali. Actually, this day is a holiday in the stock exchange. But even on holidays, it is opened only for one hour especially in the evening, which is called Muhurta trading.
On this occasion, a one-hour special Muhurat trading session will be organized on the stock exchanges BSE and NSE on Friday, November 1, 2024, from 6 pm to 7 pm. Pre-opening session on Muhurta trading will be from 5.45 pm to 6 pm.
The Muhurat trading time slot will also see trading in multiple segments such as Equity, Commodity Derivatives, Currency Derivatives, Equity Futures & Options, and Securities Lending and Borrowing (SLB). BSE-NSE had announced this in separate circulars on October 20.
On normal days, the market opens from 9:00 am to 3:30 pm from Monday to Friday. Pre market session takes place from 9:00 to 9:15. Then normal session till 3:30 pm.
Last year the market had closed with an increase of 354 points
Last year, in the Muhurta trading session, the Sensex closed at 65,259.45 with a rise of 354.77 points (0.55%). Nifty also had a rise of 100.20 points, it closed at the level of 19,525.55. If we talk about the last 5 years i.e. 2019 to 2023, the stock market has closed with gains every time. The Sensex closed with an increase of 525 points in the year 2022, 295 points in 2021, 195 points in 2020 and 192 points in 2019.
Muhurta trading tradition is about 68 years old
The tradition of Muhurta trading on Diwali in the stock market is about 68 years old. According to the Hindu calendar year, Hindu Vikram Samvat year 2081 is starting from the day of Diwali this year. Throughout India this festival is considered the most auspicious time to welcome wealth, prosperity and good fortune. Similarly, a similar concept is associated with this Muhurat trading also. Stock market investors consider this day very special to start investing.
Muhurta trading is considered auspicious
In Hindu customs, Muhurta is a time when the movement of planets is considered favourable. Starting any work during the auspicious time ensures positive results. That is why on the auspicious time of Diwali, when the stock market opens for an hour, many people of Hindu religion start their investments. Most people like to buy stocks as they symbolize Goddess Lakshmi. According to beliefs, people who trade during this one hour have a better chance of earning money and achieving prosperity throughout the year.
The first Muhurta took place in 1957 trading
Muhurta Trading has a history of almost six decades. This tradition started from Bombay Stock Exchange in 1957. Later, it was adopted on the National Stock Exchange in 1992. At that time, there was no online trading. Therefore, during Muhurat trading, traders used to gather to trade in BSE. However, now times have changed, but the enthusiasm regarding Muhurat trading remains intact.
Here we are telling you 5 such things, which stock market investors should keep in mind…
1. Maintain discipline
Making dramatic changes to a portfolio increases risk. Such a habit can have a negative impact on long-term goals. It would be better to ignore the immediate fluctuations in the market and maintain discipline. If changes in the portfolio feel necessary then make small changes.
2. Keep tracking investments
When you invest in multiple types of assets, you may not be tracking all investments regularly. In such a situation, it will be difficult to respond accurately to changing market trends. So if you are unable to track your investments, take the help of a trusted financial advisor.
3. Do not sell shares at loss
Ups and downs are the nature of the stock market. Investors should not panic due to the fall in the stock market. Even if you have invested money in the stock market and have incurred loss in it, you should still avoid selling your shares at a loss, because there is hope of recovery in the market in the long term. In such a situation, if you hold your shares for a long time, your chances of loss will be reduced.
4. Diversify your portfolio
Portfolio diversification is a good way to maintain stable investment value in a volatile market. Diversification means dividing investment among different assets according to risk appetite and goals. Its advantage is that if one asset (like equity) is falling, the simultaneous rise in another asset (like gold) will minimize the loss.
5. Stock basket will be right
In this you create a basket of shares and invest in all these shares. That means, if you want to invest a total of Rs 25 thousand in these 5 shares, then you can invest Rs 5-5 thousand in each. This reduces the risk.
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