look news india
Muhurat Business: Preparations for Diwali are in full swing in the country. The entire country is lit up. At the same time, stock market investors are also preparing to make profits for the whole year by making deals on the auspicious occasion of New Year. However, there is confusion regarding whether Diwali is on 31st October or 1st November this year. In such a situation, the National Stock Exchange has removed the confusion of investors as to when the stock market will be traded.
There will be special Muhurta trading on 1st November
Diwali deals will be held in BSE-NSE on 1st November. The stock market remains closed on Diwali, but opens for Muhurta trading for one hour in the evening. This year, there will be Diwali Muhurat deals in the stock market on 1st November. The time will be 6 to 7 pm. Both the indices have announced that the pre-opening session of the stock market will be held from 5.45 pm to 6 pm. Apart from one or two Muhurat trading, most of the investors who invested in this Muhurat have got good returns.
Why is moment trading special?
There is a tradition of special trading in the stock market on the day of Diwali. Which is known as Muhurat trading. Within an hour the investor makes his first trade of the new year. Makes investments. It is believed that doing Muhurat trading on this day brings prosperity. And the whole year remains auspicious. Trading takes place in equity, equity futures and options, currency and commodity markets on Diwali.
This tradition is five decades old
The tradition of Muhurat trading for one hour on Diwali in the stock market is five decades old. Muhurta trading currency was introduced in BSE in 1957 and in NSE in 1992. Most people make purchases on Muhurta trading days.
Purchasing is done with a long-term perspective
Investors and brokers buy value-based stocks in the Muhurat trading session. One who makes purchases keeping a long-term perspective in mind. The investor buys shares at this time with the belief that they will prove beneficial in the long run.