Diwali Muhurat Trading: The day of Diwali will be very significant for you if you trade and invest in the stock market since, in accordance with religious beliefs, any effort done on this day is particularly fortunate. However, as everyone is aware, trading is suspended on Saturday, Sunday, and on days celebrating festivals on the Indian stock market.
As a result, the stock market is closed on Diwali as well. However, it’s important to note that Goddess Lakshmi is worshipped in India on this day. You can thus trade and purchase stocks on the day of Diwali, since it becomes a very significant day for those involved in the stock market. in order for you to profit from this fortunate day and make a healthy profit from the stock market.
You can purchase and trade any share on the stock market during Muhurat Trading period, which is in the evening on the day of Diwali. Tell us about this Diwali Muhurat Trading, please.
What is Diwali Muhurat Trading?
You have to be able to deduce from its name alone that it is associated with some sort of auspicious time. Just as the auspicious time of each work we perform is governed by its own auspicious nature, the stock market is closed on the day of Diwali, but it is closed today evening. This is Muhurta time. that gives you one hour during which you can trade and buy/sell stocks on the stock market.
Diwali Muhurat Trading Time
Diwali Prayer Between 6:15 and 7:15 p.m., trading hours, the stock market is open to all investors. During this hour, you can purchase any share and engage in trading.
All kinds of stock market buyers buy some shares during this Diwali Muhurat Trading period because it is believed to be fortunate to do so on Diwali day. You are able to trade in the following three formats during this time: equity, equity future and option, currency, and commodity market.
The tradition has been going on since this time
Let us also mention that the custom of trading on the stock market on Diwali day, or Diwali Muhurat, has a long history. Every Diwali day for nearly the past 50 years, the stock market is open for trade for one hour in the evening during Muhurat. In the BSE market, Diwali Muhurat Trading began in 1957, while in the NSE market, it began in 1992. Both markets are still seeing this pattern now.
The majority of people purchase shares on this day with the intention of holding them for a long period and making money. Investors consider purchasing shares from the stock market on this day to be highly auspicious.
How to get benefit in Diwali Muhurat Trading?
According to data covering the previous ten years of Diwali Muhurat trading, investors have made money on the stock market eight times out of ten on this day. Only twice in this period have investors in the stock market suffered losses due to Sensex and Nifty.
As a result, you can profit from trading during Diwali Muhurat, but stock market investors advise you to limit your focus to long-term share ownership.
We hope that this post has provided you with some knowledge on Diwali Muhurat Trading. Please feel free to share it with your friends in order to inform them about this Muhurat Trading. Please visit our “Finance” page to view more stories of a similar nature.
Disclaimer: Trading or investing in the stock market can be dangerous, so please do your research before beginning. There is no advice or suggestion of any type in this post; it is merely meant to provide you with information about the subject.