Every year on Diwali, there is a special one-hour trading session in the stock market. Which is also called Muhurat trade. This day is considered very auspicious for investment. Investors also see this as an opportunity to make money. This year, BSE and NSE will start the Muhurta trading session from 6:00 pm to 7:00 pm on Friday, November 1. While the market will remain closed all day.
The most important question is whether investors benefit or not on the day of Muhurta trading. Historically, Muhurat trading sessions have made money for investors. Even if the trading volume has been relatively low. In the last 16 years, stock markets closed in the green in 13 Muhurat trading sessions. Let us also tell you what kind of stock market figures have been seen in Muhurta trading sessions in the last decade and a half.
How were the Muhurat negotiation sessions last year?
In 2023, Diwali was celebrated on November 12. This day, in the special sessions, the stock market showed the second best performance in the last 5 years and made investors rich. Bombay Stock Exchange’s main index Sensex closed at 65,259 up 355 points or 0.55 per cent and Nifty 50 closed at 19,525 up 100 points or 0.52 per cent. Midcap and smallcap stocks fared better with the BSE Midcap index up 0.67 per cent and the BSE Smallcap index up 1.14 per cent. Investors increased the market capitalization of all companies listed on the BSE to Rs 322.5 lakh crore.
read this too
This means that investors made a profit of approximately Rs 2.2 lakh crore on that day. Last year, 28 of the top 30 Sensex stocks and 43 of the top 50 Nifty stocks made good gains. If we talk about the top gainers, they include Coal India, UPL, Infosys and Eicher Motors. Talking about sectoral indices, Nifty IT rose 0.72 per cent, Nifty Metal and Realty indices rose 0.6 per cent and Nifty Bank rose 0.40 per cent to close at 43,996.65.
In what year did the greatest profits of the last decade and a half occur?
In recent years, there has been an increase in the stock market on Muhurta business days. For example, the index increased about 1 percent in 2022, 0.5 percent in 2021, 0.47 percent in 2020 and 0.37 percent in 2019, compared to 0.7 percent in 2018. A slight decrease has also been observed. On the other hand, there was a drop of 0.6 percent in 2017, 0.04 percent in 2016 and 0.3 percent in 2012. If we talk about the year with the highest returns, in the Muhurat trading session of October 28, 2008, during the global financial crisis, there was a 6 percent increase in the stock market. Since then, such a huge increase has never been seen.
Nifty’s performance in Muhurat trading in the last decade and a half
what the experts say
Experts advise to be careful on the day of Muhurat trading. Given the limited liquidity on Muhurat trading days, it is generally suggested that investors, especially beginners, make token investments rather than large trades. You can also consult a financial advisor for this day. Especially when any investor does not know which stock to invest their money in. Experts consistently advise against letting holiday feelings dominate investment decisions. Rather, take advantage of this opportunity for long-term strategic benefits.
