Growing up, you must’ve seen the ritual of investing on the auspicious occasion of Diwali. But did you know a similar tradition is also followed in the stock market? Yes, This tradition is known as muhurat tradingand there is muhurat trading time when investment activities take place on a large scale.
During this time, the stock market remains open for one hour to trade on in the sacred hours of diwali. This muhurat trading time is considered auspicious as it is associated with wealth and prosperity.
But what is the muhurat trading timing and what are the best stocks for muhurat trading? Is Option trading allowed in muhurat trading and what exactly is muhurat trading time and date?
In this article, let’s find out the answers to all these questions.
Muhurat trading as a ritual is followed widely by both the National Stock Exchange(NSE) and Bombay Stock Exchange(BSE). But, what is muhurat trading in the first place? And, is muhurat trading profitable?
Well, to explain, muhurat trading is an yearly ritual where the exchanges allow the market to open for one hour on the day of diwali to indulge in a symbolic trading session which is considered auspicious by the traders.
And yes it is profitable and you could gain huge returns in less time on the diwali muhurat trading occasion.
Now, let’s find out the exact muhurat trading time and date. Also, we will discuss the stocks to choose to gain from muhurat trading on Diwali.
Muhurat trading date
According to the circular released by NSE and BSE, muhurat trading 2023 will be done on 12th November 2023 (Sunday).
The market will be open from 6 pm to 7:15 pm. During this muhurat trading time span, the trading session will be divided into the following parts:-
Block deal session:- A session where the buyer and seller mutually agree to buy or sell a security at a fixed price, this session will be held from 5:45 PM to 6:00 PM.
Pre Open market:– The session that decides the equilibrium price, this session will last for about 8 minutes from 6.00 PM to 6.08 PM.
Normal Market:- Normal market’s timing will be 06:15 PM to 07:15 PM for Capital Market, Equity Derivatives, Currency Derivatives, Commodities Derivatives and SLBS.
Call auction session:- This session will be held from 06:20 PM to 07:15 PM.
Closing session:- The closing session’s timings will be from 07:25 PM to 07:35 PM.
Is Option Trading Allowed in Muhurat Trading 2023?
Many option trading enthusiasts are often curious about “Is option trading allowed in muhurat trading?”
Well, as it turns out, options trading is infact allowed in muhurat trading and for 2023, the muhurat trading time for options trading will be 06:15 PM to 07:15 PM.
Historically, the Best stocks for muhurat trading were considered to be strong stocks of established companies which were expected to bring good returns in the long run.
Buying these shares during muhurat trading time is considered auspicious as they were associated with wealth and prosperity.
However, now, this traditional perception has changed and traders now opt for stocks which they believe can give them profits in the session. For this, the right knowledge of the top sectors for muhurat trading can help traders a lot.
But the most important thing to remember in this trading session is to not get carried away in the festive spirit but think rationally on your choice of stocks.
So, make the best use of the muhurat trading time in 2023 to gain financial strength. Hurry up! open a demat account now to get benefitted from muhurat trading in 2023.
Muhurat trading as a tradition is engraved in the history of the Indian stock market. It is a ritual which is supported even by NSE and BSE which facilitates it by opening the stock market for one hour on this day.
Every year, a lot of traders earn a hefty sum of money by trading during the shubh muhurat trading time span.
However, it is important for the traders to trade rationally without getting carried away by emotions as the festive emotions can have an effect on the psychology of the traders.
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