As the festival of lights, Diwali, approaches, the schedule for Diwali Muhurat Trading has been announced. Diwali, the festival of lights, brings with it the tradition of Muhurat Trading, a special time designated for stock market activities.

Diwali 2023 Muhurat Trading Time:

On Diwali day, the stock markets will open for Muhurat Trading for just one hour, considered an auspicious time that brings prosperity and wealth. This year, both the NSE and BSE will be open from 6:00 PM to 7:15 PM on Sunday, extending the usual trading days from Monday to Friday. Investors eagerly await this special one-hour trading window, a tradition observed every Diwali, showcasing the festive spirit in the Indian stock market.

Diwali Trading Tradition:

Diwali is celebrated with enthusiasm in the stock market, creating a festive atmosphere and boosting business activities. Since 2008, Muhurat Trading has closed positively for 12 out of 15 consecutive years. This day marks the beginning of a new financial year, with businesses starting fresh by initiating new accounts. This year, the Muhurat Trading session is expected to strengthen market records in addition to marking the commencement of Vikram Samvat 2080.

Significance of Diwali Muhurat Trading:

Investors believe that trading during this auspicious time sets the tone for a financially successful year ahead. This traditional practice has been prevalent in the Indian stock market for a significant period, aligning with the cultural and spiritual aspects of Diwali. Muhurat Trading symbolizes the hope for prosperity and good fortune.

Market Outlook for Muhurat Trading: 

Over the last five years, Sensex has consistently surged during Muhurat Trading. In 2022, it witnessed a remarkable 524-point jump within the one-hour trading period. Similarly, in 2021, Sensex ended with a gain of 296 points. Experts predict another surge in Sensex during this year’s Diwali Muhurat Trading, aligning with the positive trend observed in previous years.