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Goddess Lakshmi is worshiped on Diwali in India. On the day of Diwali, there is special Muhurta trading in the stock market, which attracts huge investments from the common people of the country. Although most of the industrialists and common people of the country performed Lakshmi Puja on Thursday, 31st October, but the special Diwali Muhurat trading of the stock market is going to happen on 1st November.
The market will remain open for one hour only in the evening for the special Muhurta trading session of Diwali.
On the occasion of Diwali, the country's major stock markets BSE and NSE will remain closed on Friday i.e. 1st November. The market will be open for one hour only in the evening for the special Muhurat trading session of Diwali. We also tell you its exact time.
diwali muhurat trading time
There will be special muhurat trading on Diwali on November 1 between 6 pm to 7 pm in both BSE and NSE stock exchanges. Muhurat trading in the stock market is considered to be the beginning of a new samvat of the Hindu calendar. Samvat 2081 is starting from this day.
Traders open new accounts on Diwali
In India, traders open new accounts on Diwali. These ledgers are worshiped with Diwali and the new year begins. So the same tradition is followed in the stock market also. However, officially the money is calculated based on the country's financial year i.e. April to March.
How was the stock market from last Diwali till this year?
At present there is a lot of turmoil in the stock market. Therefore, correction is being seen in the market. It is possible that when the stock market opens on Monday after Diwali, the blessings of Goddess Lakshmi may shower on the market. But do you know how the balance sheet or report card of the country's stock market has performed this year since last Diwali?
There is a lot of turmoil in the stock market at the moment
In the last one year, when the Indian stock market was at its peak, NSE Nifty has given returns of up to 25 percent. Whereas the return of BSE Sensex has been around 23 percent. BSE midcap and smallcap indices in the country performed tremendously and gave returns of up to 47 percent.