Business News: Like every year, this year too, the stock market will organize a Muhurta trading session on the occasion of NSE and BSE Diwali. The session will symbolize the whence of the festival of Diwali and the new worth year, Samvat 2082 of the Hindu calendar. The stock market is usually sealed on the day of Diwali, but it opens for only one hour through Muhurta trading.
Muhurta Trading Time
This year Diwali is falling on Tuesday, 21 October. The merchantry will start in the stock market at 6:15 pm on that day and will end at 7:15 pm. This one hour of Muhurta trading will be completely under the rules of normal trading, but it is considered a special refreshing time.
Why is Muhurta trading special?
Muhurta trading is considered to bring good luck and prosperity. Starting trading creates a positive undercurrent for the whole year. Many traders consider it an important part of their yearly trading strategy and try to make an refreshing start by investing at this time.
Last year experience
The market sealed firmly in the Muhurta trading held on 1 November last year. The Sensex rose 335.06 points or 0.42 percent, to tropical at 79,724.12, while the Nifty rose 99 points or 0.41 percent, to tropical at 24,304.30. A total of 2,904 shares rose, 540 shares declined and there was no transpiration in 72 shares.
Key Gainers and Losers
The most profitable shares on Nifty included Mahindra & Mahindra, ONGC, Adani Ports, Bharat Electronics and Eicher Motors. At the same time, Dr. Reddy's Labs, HCL Tech, Britannia, Tech Mahindra and Wipro were damaged.
Tips for investors
Due to the special session, investors once alimony their trading decisions equal to the plan. The purpose of Muhurta trading is not only to earn profit but moreover to start auspiciously. Therefore, investors can buy small investments or shares equal to their strategy on this day.
This special occasion of Muhurta trading brings excitement and positive energy for investors every year. This year too, this one hour of the market will indicate new possibilities and opportunities for investors.
