In the colourful tapestry of India’s culture, there’s a tradition that adds a touch of spirituality to its financial markets: Muhurat trading.
This practice holds a special place in the hearts of Indian investors, as it combines the art of trading with the auspiciousness of a carefully chosen moment i.e a “Muhurat”.
In this blog, we will understand what Muhurat trading is and answer some key questions about this unique tradition.
What is Muhurat Trading?
Muhurat Trading is a special trading session conducted on the auspicious occasion of Diwali, the Festival of Lights, in India. According to Vikram Samvat calendar followed by Hindus and Sikhs, Diwali marks the beginning of a financial year.
So on the day of Diwali, during Chopra Puja, accounting books are worshipped in front of Goddess Saraswati, Goddess Lakshmi and Lord Ganesha to signify the beginning of a new financial year.
The idea is to start the financial year on a positive note, invoking good luck for the investments.
How did Muhurat Trading begin?
The tradition of Muhurat trading began in 1957 when the Bombay Stock Exchange (BSE) began the practice of opening the exchange for one hour on Diwali.
Initially, it was to celebrate the festival and to bring traders and investors together on an auspicious note but over time, the practice gained popularity, and other exchanges such as the National Stock Exchange (NSE) also began observing muhurat trading.
Why is Muhurat Trading Considered Auspicious?
Muhurat, derived from the Sanskrit word ‘muhurta,’ signifies an opportune and auspicious time. Muhurat trading is considered auspicious because it is believed that the planets and stars are aligned in a favourable way during these times.
This is based on the Hindu astrological system, which believes that the positions of the planets and stars can affect our lives in many ways, including our financial fortunes.
Trading during this period is thus believed to bring prosperity and wealth, as it is performed after performing traditional prayers and seeking the blessings of deities.
Muhurat trading timings
In 2023, Muhurat trading will take place on Sunday, 12th November 2023. This Diwali’s Muhurat trading timings are as follows:
|Type of session
|Block deal session
|5:45 PM to 6:00 PM
|6:00 PM to 6:08 PM
|6:15 PM to 7:15 PM
|Call auction session
|6:20 PM to 7:05 PM
|7:25 PM to 7:35 PM
Stock Market Holidays 2024