Diwali Muhurat Trading 2023: History, key date, stock market timings and essential details to note

Diwali Muhurat Trading 2023:
The 5 day festival of Diwali kicks off on 10th November this year, with Dhanteras. Diwali also marks the beginning of the new year of Samvat 2080 as per the Hindu calendar and the end of the previous 2079 Samvat.

Just every year, this year too, both NSE and BSE have declared a Diwali Muhurat trading session on November 12, 2023 which is Diwali day, to mark the beginning of the new Samvat. This markets will be open from 6 pm to 7.15 pm, inclusive of a 15-minute pre-market session.

What is Muhurat Trading:
Muhurat Trading is considered an extremely auspicious period and it is believed that the session sets the tone for the new Samvat.This unique occasion symbolizes an ideal commencement for new ventures, with anticipated benefits throughout the year.

Making token investments during the 'muhurat' or auspicious hour is believed to bring prosperity and financial growth to investors.

Of the past ten Muhurat trading sessions, seven of the sessions concluded with positive returns. Many experts are of the view that Samvat 2080 will see the bull run continuing, however there could be some volatility as well.

Date and Timing: Muhurat Trading for the year 2023 is scheduled for November 12, 2023 (Sunday), with the following time breakdown:

Pre-Open Session: 6:00 PM - 6:08 PM IST
Muhurat Trading: 6:15 PM - 7:15 PM IST
Post-Close: 7:30 PM - 7:38 PM IST
Market Close: 7:40 PM IST

History of Muhurat Trading:
Muhurat Trading has a traditional origin, marked by stockbrokers initiating their new year on Diwali, opening settlement accounts during the auspicious Muhurat. This practice was accompanied by the broking community's Chopda Pujan, a ritual of worshiping their books of accounts on Diwali.

Historical beliefs included Marwari traders selling stocks during Muhurat, aligning with the idea that money should not enter the house on Diwali, while Gujarati traders bought shares. Although such practices have evolved, Muhurat trading remains a symbolic and auspicious gesture in contemporary times. Today, investors often perform Lakshmi Pujan and engage in share purchases, focusing on strong companies with the potential for long-term returns.