The Muhurat trading session held by leading stock exchanges BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) is a special and auspicious event in the Indian financial markets.
- Timing: The Muhurat trading session starts in the evening, typically after the Diwali puja (prayers). As mentioned, it begins at 6:00 PM and lasts for about one hour, concluding at 7:15 PM. This includes a 15-minute pre-market session.
- Auspicious Timing: The timing of the Muhurat trading session is carefully chosen based on astrological and religious beliefs. It is considered an auspicious time to start new investments and trading activities, as it is believed to bring prosperity and good luck in the year ahead.
- Traditional Rituals: The Muhurat trading session often begins with traditional ceremonies and lighting of lamps at the exchange premises. These rituals add to the festive atmosphere.
- Symbolism: The first trade conducted during Muhurat trading is considered significant. It is believed to set the tone for the market’s performance in the coming year.
- Investor Participation: Many investors and traders participate in the Muhurat trading session to mark the beginning of the new financial year on a positive note. It’s seen as an opportunity to make symbolic trades and investments.
- Market Opening and Closing Bells: Prominent personalities, dignitaries, or sometimes even retail investors are invited to ring the opening and closing bells, adding to the celebratory nature of the session.
- Limited Trading: The Muhurat trading session is relatively shorter than a regular trading day, and trading volumes may be lower. It’s more about tradition and symbolism than significant market movements.
- Community and Family Involvement: Many families and communities get involved in the Muhurat trading session, making it a family event. It’s not uncommon for families to participate together or for individuals to seek blessings for their financial endeavors.
The closure of stock exchanges on November 14 for Diwali Balipratipada is a common practice in India.
