Diwali, or the festival of lights, not only brings joy but also good luck for Indian traders. Diwali Muhurat Trading, also known as Diwali Lakshmi Puja trading, is when certain stocks are traded on Diwali day. This custom has been followed for many years and is considered quite important in India’s financial market.
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What is Diwali Muhurat Trading?
It is a symbolic system where traders and investors start their new fiscal year. People believe that if they do business during this time prosperity will come their way because it’s an auspicious period. The buying & selling lasts for about one hour in the evening which is the most favorable time to make fresh positions or investments.
Importance of Diwali Muhurat Trading
Symbolism: It represents the first day of a new financial year and therefore offers a fresh beginning.
Good omen: This occasion marks itself as lucky charm bringing wealth throughout next year through trade according to belief system held by individuals who participate in it.
Market Sentiment: Higher volumes may be witnessed within markets due to more trades prompted by positive vibes associated with Deepawali festivities.
How Does It Work?
Diwali Muhurat Trading works just like any other normal trade session but always takes less than 1 hour. The exchange will notify beforehand what time it starts and ends. In this period people can buy/sell shares, futures contracts etcetera related to stocks listed thereon.
Historical data has shown the Sensex and Nifty indices to have positive returns for most of the Diwali Muhurat Trading sessions.
Significance in the Indian Financial Market
Tradition: For several decades now Diwlai muhurth has become part tradition followed within Indian finance industry circles such as stock exchanges themselves too have adapted these rituals into their operational framework.
Sentimental Value: Traders consider deepavali eve lakshmi puja muhurta as an opportunity where they can get blessed with wealth by making investments during this auspicious time.
Market Activity: Due to which there is always high activity levels seen during these hours leading upto closing bell on account of last minute bets placed by traders hoping for quick returns before close itself.
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To celebrate the spirit of prosperity and good luck brought by Muhurat Trading, choose sustainable crackers from Crackers Corner. This year, our selection does not only bring happiness but also goes hand in hand with the values of contemporary environmentalism.
Also Read: How to Select Stocks for Swing Trading
Conclusion
The Diwali Muhurat Trading is an important event in Indian markets. This is the only time when stock market opens for one hour and it’s considered as a good luck charm for traders. People take part in this trading session to seek blessings from Goddess Lakshmi so that wealth may come throughout their year aheads.