Every Diwali, some of the other person in one’s connection talk about Muhurat Trading, don’t they? From seeing Instagram stories and WhatsApp statuses with #MuhuratTrading to overhearing some uncle talking loudly on a phone call in a sweet shop, it is a hot topic we come across at some point around Diwali time. So what is it all about? Is this session relevant to you? Let us explore the importance of Muhurat Trading and how auspicious it is for you to begin investing with Shagun Ke Shares this Diwali.
The beginning of Muhurat Trading at the oldest stock exchange of Asia that is Bombay Stock Exchange (BSE) dates back to the 1950s. As National Stock Exchange (NSE) is a relatively newer entity, as soon as it started its operations in the 1990s, NSE immediately joined the league to follow this age-old tradition.
Gujarati communities residing in and around the Dalal Street area believe in opening their businesses for a few hours on the evening of Diwali while performing Laxmi Pujan. This tradition of Muhurat Trading is said to have been influenced from there. As per the belief, business activities conducted while worshipping the Goddess of wealth are considered a good omen. It brings prosperity throughout the new year.
Similarly, investors and traders in the stock market developed similar beliefs and have been conducting Muhurat Trading on the evening of Diwali when Laxmi Pujan is performed. The investors buy Shagun Ke Shares during this session. Many investors consider such shares as auspicious and to respect the omen, they never sell those shares. And traders place their bids during this session to make whatever small profit they can make as a good omen.
This traditional gesture amongst D-Street investors and traders signifies a rich heritage and ardent ritual that bestows fruitful outcomes for market participants throughout the coming year.
Importance of Muhurat Trading
Along with the mythological importance of Diwali, the festival of lights also has astrological significance. Out of the five days of the Diwali celebration, the days of Dhanteras and Diwali are considered auspicious for wealth and wisdom. Both turn out to be the most important factors one needs to become successful in the stock market career.
The planets are said to be aligned in such a manner during this hour that any finance-related activity performed within this Muhurat is auspicious and brings in more wealth and prosperity in the long run.
This year, the Muhurat Trading session shall be conducted by BSE and NSE on the day of Diwali that is the 4th of November 2021, from 6:15 PM to 7:15 PM.
How will Muhurat Trading be auspicious for me?
Recently the stock market awareness has increased immensely attracting many new investors to start their financial journey. The severe correction in 2020 due to Covid-19 dislocated the prices to such attractive levels that everyone hopped in into causing one of the biggest bull runs in the history of stock markets. Since then the stocks and indices have been rallying to make new record highs.
Let us list down a few reasons for you why you should consider investing this Diwali:
Auspicious time: As on the day of Diwali, Goddess Laxmi is worshipped, it signifies the importance of wealth and finance-related activities on this day. For new investors, it is a wonderful opportunity to enter into the stock market by buying Shagun Ke Shares.
High Volume: Since the participation of buyers and sellers is high during the Muhurat Tradingsession, it can be a good opportunity for investors and traders to execute trades.
Optimism and positivity: With the festive flavour, the undertone of market participants is positive throughout this season. Investors come with a growth mindset. Though it is advised to take cautious views since there have been times in the past when markets have fallen during Muhurat trading and on a subsequent day too.
Tradition over gains: Investors do not foresee gaining positive returns on the same day of Muhurat Trading. Even if the market comes down later after the purchase, the outlook should remain positive as shagun ke shares are not bought for quick gains. Such activities should be avoided as a new trader and must stick with a long-term perspective to grow.
Having said that, it is important to analyze before investing in any stock.
If the plan is to begin investing one day, then why not start this Diwali.
Disclaimer: The article is for educational purposes only. Investment in securities is subject to market risk. Read all related documents carefully before investing.