Muhurta trading in stock market
Major stock exchanges BSE and NSE will hold a special one-hour ‘Muhurat trading’ session on November 1 on the occasion of Diwali. This will mark the beginning of the new Samvat 2081. Stock exchanges said in separate circulars that indicative trading sessions will be held between 6 pm and 7 pm. This season also marks the beginning of a new samvat (Hindu calendar year starting from Diwali). Doing business during ‘Muhurat’ or ‘auspicious hours’ is believed to bring prosperity and financial growth for the stakeholders.
1 hour special trading window
The market will be closed for regular trading on Diwali, but a special trading window will be open for one hour in the evening. The stock exchanges have announced that the pre-opening session will be held from 5:45 to 6:00 pm. At the same time, a special trading session will be organized from 6 to 7 pm. Market analysts said Diwali is considered the ideal time to start anything new. It is believed that investors get profit from trading during this session throughout the year.
How will the market move this week?
The direction of the stock markets this week will be decided by the quarterly results of companies, global trends and activities of foreign investors. There may be fluctuations in the market during the week. Pravesh Gaur, senior technical analyst at Swastika Investmart Ltd., said that everyone will keep an eye on the second quarter results of the companies. Apart from this, there is a possibility of geopolitical risk increasing due to increasing tension between Israel and Iran, due to which the prices of crude oil may rise and there may be fluctuations in the market.
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