What is Muhurat Trading : Muhurat trading is done on the evening of Diwali. This is a symbolic trading in which most people only buy. Muhurta trading often closes on the green mark.
What is Muhurat Trading : New Delhi. The stock market remains closed on Diwali. Diwali is a day when Goddess Lakshmi is worshipped. It is not right to completely close the source of Lakshmi on the day of Lakshmi worship. Therefore trading is done for some time on that day. This is called Muhurta trading. This is done for 1 hour in the evening. Its timing is told in advance. As per tradition, Muhurat trading will be done this time also.
It will run on Sunday, November 12 from 6 pm to 7:15 pm. Actually, pre-opening will take place from 6 to 6.15 pm. Common people will be able to trade from 6.15 to 7.15 pm. Apart from this, the block deal window will open only at 5.45 pm. If anyone wants to make modification in the trade then it will happen at 7.25 pm. The closing session of Muhurat trading will be from 7.25 to 7.35 pm.
What is Muhurat Trading?
This is a traditional symbolic trade. It is an auspicious day and on this day investors trade for some time with the wishes of a fortunate year. It is a symbol of spirituality. People believe that if trading is done during this auspicious time, they will continue to get success and wealth throughout the year. This tradition has been going on in the Indian stock market for a long time.
Why is trading done?
Muhurta trading is just a symbolic trading. During this period, money is invested in shares only with the wish of a good year. In this, investors do not buy too much but invest a little in some shares so that a tradition can be carried forward. Very few people sell shares on this day.
Should you do it?
If you want to start trading or investing, there is hardly a better time than this. As we said that very few people sell shares at the time of Muhurta trading. Most of the people buy stocks at this time, hence the market remains bullish for some time. If a new investor wants a good start, he can invest during this period. Even an old investor can invest money at this time for good returns. Many investors earn lakhs of rupees in just 1 hour.