- By Kamal Kumar
- Sat, 11 Nov 2023 09:47 AM (IST)
- Source:JND
Diwali Muhurat Trading 2023: The year 2023 has so far turned out to be a year of absolute cheer for the stock market investors. Both -the National Stock Exchange and Bombay Stock Exchange- hit all-time highs this year even after a grim couple of years following the COVID-19 setback. Even though the year is sliding towards a newer beginning, it still has a lot of 'auspicious' to come. The festivities of Diwali are around and so is the 'Diwali Muhurat Trading'.
Both the benchmark stock exchanges will conduct Diwali Muhurat Trading on November 12 to mark the auspicious festival. According to Indian beliefs, Ma Mahalakshmi is a goddess of fortune, beauty and wealth. She bestows prosperity on people's lives and it is believed that she graces the devotees on the festival of Diwali. Therefore, the tradition of Muhurat Trading, a blend of finance and festival, has been observed on the day of Diwali since 1957.
Muhurat Trading timing 2023:
According to the NSE, the stock market will be open from 6 pm to 7:15 pm on Sunday on the occasion of Diwali. Additionally, there will also be a block deal window that will open at 5:45 pm.
The market session will take place between 6:15 pm-7:15 pm and trade modification will be permitted until 7:25 pm. At the end, the closing session will take place from 7:25 pm to 7:35 pm.
| Trade Event | Timing |
| Block Deal Session | 5:45 PM - 6:00 PM IST |
| Pre-Open Session | 6:00 PM - 6:08 PM IST |
| Muhurat Trading | 6:15 PM - 7:15 PM IST |
| Call Auction Session | 6:20 PM - 7:05 PM IST |
| Closing Session | 7:25 PM - 7:35 PM IST |
The Muhurat trading for the Commodity Derivatives Segment on November 12, 2023 will take place on:
| Trading Sessions | Timing |
| Log-in | 5:15-6:15 PM |
| Continuous Trading | 6:15-7:15 |
| Trade Modification | Upto 7:25 |
The Muhurat trading for the Currency Derivatives Segment on November 12, 2023, will take place on:
| Trading Sessions | Time |
| Log-in | 5:15-6:15 PM |
| Continuous trading for currency derivatives and interest rate derivatives | 6:15-7:15 PM |
| Cross currency derivatives | Until 7:15 PM |
| Trade modification currency derivatives and IRD | Until 7:25 PM |
| Trade modification cross currency derivatives | Until 7:25 PM |
| Trade annulment request | Until 7:30 PM |
Who should participate in Muhurat Trading 2023?
The Muhurat trading session presents a favourable opportunity for stock transactions due to very high trading volumes. The market tends to be 'bullish' during this time, thanks to the festive atmosphere promising prosperity and wealth.
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This positive sentiment encourages both experienced and novice, investors and traders to capitalize on the Muhurat trading session for potential benefits.
Muhurat Trading's past years' performances
- Muhurat trading significantly influences India's benchmark stock index, the Sensex.
- The performance of Sensex during Diwali muhurat trading is closely observed and considered indicative of the market's direction in the upcoming year.
- Traditionally, muhurat trading sets a positive tone for the market, bringing good luck and substantial gains for investors.
- A bullish trend often persists in the days and months following muhurat trading.
- Over the years, the Sensex's performance during Diwali muhurat trading has shown a mix of gains and losses.
- Notable instances include a significant surge in 2008 (5.9 per cent) and consecutive declines in 2016 (-0.4 per cent) and 2017 (-0.6 per cent).
- On a positive note, 2018 (0.7%) and more recent years like 2019 (0.49 per cent), 2020 (0.45 per cent), 2021 (0.49 per cent), and 2022 (0.88%) have seen positive gains.
- These trends suggest a generally optimistic outlook during Diwali muhurat trading sessions.
