As the festival of lights, Diwali, graces us with its radiant presence, the stock markets in India prepare for a symbolic dance of prosperity during the Diwali Mahurat trading session. In this brief hour on Sunday, November 12, both the BSE and NSE will open their doors for investors, ushering in the auspicious period with an hour-long trading spectacle. Dive into the details of this unique trading tradition, exploring the significance, timings, and potential opportunities for investors.
Understanding Mahurat Trading: Mahurat trading is a symbolic and auspicious practice observed on Diwali, where Indian market exchanges open for a one-hour trading session. This annual tradition stems from the belief that Diwali, being an auspicious day, sets the stage for a prosperous year in stock investments. The “muhurat,” or auspicious hour, is considered an opportune time to initiate new ventures and is believed to bring wealth and financial success.
Key Details of Diwali Mahurat Trading 2023:
- Date and Timing:
- The Diwali Mahurat trading for 2023 falls on Sunday, November 12.
- The trading window is open from 6:00 pm to 7:15 pm, including a 15-minute pre-market session.
- Significance of Diwali Trading:
- Diwali is deemed an ideal time to start anything new, and trading during this session is believed to bring year-round benefits to investors.
- The auspicious hour symbolizes wealth and financial success, aligning with the spirit of Diwali.
- Probable Trading Options:
- All market segments, including securities lending and borrowing (SLB), equity futures and options, commodity derivatives, and currency derivatives, will be open for trading.
- Historical Performance:
- In 2022 and 2021, the markets closed in the green during the Mahurat trading sessions.
- Both the Nifty and the Sensex recorded positive growth, indicating a trend of prosperity during this auspicious trading period.
- Timings and Sessions:
- The Muhurat trading will take place from 6:00 pm to 7:15 pm, with a pre-market session from 6:00 pm to 6:08 pm.
- The block deal window opens at 5:45 pm, and the commodity and currency derivative segment will be active from 6:15 pm to 7:15 pm.
- Trade modification will be available until 7:25 pm to accommodate any necessary changes.
