The stock markets will open for one hour for Diwali muhurat trading on November 12, 2023. Diwali is considered to be the ideal occasion for investors to start new ventures
Samvat 2080 marks the commencement of a new Vikram Samvat or Hindu Year. It is considered to be an auspicious occasion for stock market investors and marks a fresh start for them. In the stock market, the beginning of Samvat 2080 is marked by muhurat trading. BSE and NSE will conduct a special one-hour session on Sunday, November 12. The BSE and the NSE will remain closed on November 14 for Diwali Balipratipada.
What Is Muhurat Trading?
The stock markets will open for one hour for Diwali muhurat trading on November 12, 2023. Diwali is considered to be the ideal occasion for investors to start new ventures. It is believed that trading during this ‘Muhurat’ or auspicious time can bring prosperity into their financial initiatives. Trading will take place across various segments like equity, commodity derivatives, currency derivatives, equity futures & options, and securities lending & borrowing (SLB) in the same time slot.
Date And Time Of Muhurat Trading Session 2023
On November 12, the symbolic trading session will be held between 6 pm and 7.15 pm including the 15-minute pre-market session, the BSE and NSE in separate circulars. The trading session includes 8-minute window for a pre-opening session between 6 pm and 6:08 pm. The block deal session will start at 5:45 pm on November 12.
In the commodity and currency derivative segment, the muhurat trading will occur from 6:15 pm to 7:15 pm.
In the past 10 Muhurat trading sessions, seven times it concluded with positive returns. Last year, benchmark indices Sensex and Nifty gained 0.88 per cent during the one-hour trading session, while 0.49 per cent in 2021.
Outlook for the Samvat 2080
“With the Indian elections looming and an impending peak in the interest rate environment in the US, the outlook for the Indian equity markets is positive. It is expected that gold and equities will both perform well in the coming months, with gold that might further benefit from the anticipated economic slowdown in the US in 2024. My preferred choice for investment leans heavily toward Indian equities as the favored asset class, the Indian equity markets are poised to outshine not only gold but also other global markets,” said Sunil Nyati, Managing Director of Swastika Investmarts.