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Diwali's Auspicious Start: BSE Announces Muhurat Trading Session for New Samvat

Oct 30, 2023

By: BlinkX Research Team

The Bombay Stock Exchange (BSE) has officially announced the Mahurat Trading session for the upcoming Samvat, scheduled for November 12th, taking place between 6 PM and 7:15 PM IST.

Each year on Diwali, India's major stock market exchanges, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), conduct 'Muhurat Trading.' During this special one-hour window, which is the only trading period on Diwali, traders can participate in auspicious trades. The timing of this event is determined based on astrological positions.

This tradition of Muhurat trading has spanned over six decades and began at the BSE in 1957, later adopted by the NSE. In a time before online trading was prevalent, traders would convene at the stock exchange for this unique trading opportunity. Muhurat trading symbolizes new beginnings and seeks the blessings of Goddess Laxmi for prosperous investments. Prior to the session, Laxmi Pujan, a ritual to invoke the goddess's blessings, is conducted at the BSE.

However, it's essential to exercise caution and not make impulsive decisions during Muhurat trading. Consider investing in stocks with solid fundamentals and a consistent historical performance.

Looking at historical data, the Sensex has demonstrated positive performance during Muhurat trading sessions over the past decade. Here's a summary of Sensex performance on Diwali Mahurat trading days for the last  few years: