The tradition of Muhurat Trading in the share market on the occasion of Diwali is more than five decades old. Businessmen pay special worship to Goddess Lakshmi on this day and do not stop working on this day but do so with more devotion. Some people also start new businesses on this day.
Diwali marks the beginning of the Hindu accounting year Samvat and businessmen love their accounting books on this day. It is believed that starting a business on the auspicious day of Diwali can bring prosperity throughout the year.
Muhurta negotiation from 6 to 7 p.m.
Every year a special time is fixed for Muhurat trading. The time for this Muhurta negotiation has been fixed between 6 and 7 pm on November 1. Muhurat shop remains open for one hour. Muhurat trading was first started in BSE in the year 1957. While in NSE it started in the year 1992.
It is believed that the position of the planets in a particular Muhurta is such that the investment made on this occasion brings benefits. However, this time you should avoid buying overvalued stocks due to emotions. Investors buy value-based stocks on this auspicious occasion and hold them for a long time.
Many traders believe that Muhurat trading brings good luck for the coming year. The festival of Diwali marks the beginning of the Hindu New Year calendar. Throughout India, this festival is considered the most auspicious time to welcome wealth, prosperity and good fortune. Similarly, a similar belief is also associated with this Muhurat trade.
Muhurta Trade History
According to a report, an increase in the Sensex was recorded during 13 of the last 17 Muhurat trading periods. Because people buy more on this auspicious occasion. In the year 2008, during Muhurat operations, the market had increased by 5 percent.
If you keep some special things in mind regarding investing in stocks during Muhurat Trading, you will not suffer losses but will be able to make profits according to your plan. Stock market experts have given some advice on this. Experts say you should stick to the basic principles of investing and not make hasty decisions to get quick short-term returns.
It is noteworthy that if we look at the market movement from last Diwali to this Diwali, Sensex has given a return of around 25 per cent, while Nifty has given a return of 27 per cent to investors.
(Note: Before investing in the stock market, definitely seek the help of a financial advisor)
