Ahead of the festival of Diwali, a special news for investors: This year, both the major stock exchanges, BSE and NSE, will remain closed on October 21 and 22 on the occasion of Diwali. Many families consider it a tradition to start new investments on the auspicious occasion of Lakshmi Puja on the night of Diwali. Keeping this spirit in mind, stock exchanges organize “Muhurat Trading” every year on the evening of Diwali, which is considered extremely auspicious and fruitful for investors.
This time, the Muhurat trading time has been fixed as 21st October. Investors can trade between 1:45 pm to 2:45 pm, while the pre-open session will be from 1:30 pm to 1:45 pm. This special one hour session is very popular. In recent years, the Sensex and Nifty markets have often closed with positive signals after Muhurta trading, boosting investor morale.
The tradition of Muhurta trading has been going on for decades. The stock market is not open for the whole day, but only for a certain time. Normal buying and selling takes place on this day. Traditionally, by the grace of Goddess Lakshmi, this day is considered to bring good returns on investment throughout the year. Investors take this auspicious time to begin their efforts for the coming year by expanding their portfolio.
Due to the closure of the markets, there will be no trading even on October 22, which is celebrated as Balipratipada. This means that investors will not be able to trade for two consecutive days; Transactions will be possible only during a special one-hour session on Diwali. This Diwali, it is important for investors to take advantage of the special opportunity of muhurat trading. Traditionally, this time marks the beginning of new investments, paving the way for prosperity and economic growth throughout the year.