Business: ‘Muhurta trading’ will happen today on the special occasion of Diwali, know when the market will open

Today Diwali, the festival of lights, is being celebrated with great pomp across the country. On this special day, people worship Goddess Lakshmi and pray for wealth and prosperity in their homes throughout the year. Diwali festival is also very auspicious for stock market investors. Although the stock market is closed on this day, Muhurta trading is done for one hour after Lakshmi Puja in the evening on Diwali. Within an hour, investors invest a lot of money in the stock market and start investing. If you also want to participate in Muhurta trading on the auspicious occasion of Diwali, then we are giving you information about its complete program.

Muhurta business is considered very auspicious

Let us tell you that on the occasion of the launch of Vikram Samvat 2079, Muhurta trading in the country’s major stock exchanges BSE and National Stock Exchange (NSE) on the day of Diwali will be for one hour this year from 6.15 pm to 7.15 pm. The tradition of Muhurta trading in the stock market is about 50 years old. According to Hinduism, starting any investment from the day of Diwali is considered very auspicious. Investors invest less and invest more during Muhurta trading days. This year Muhurta trading is very special as Dhanteras is falling on Saturday and Sunday this year. In such a situation, investors cannot invest in the stock market on this day. The stock market is expected to be very strong in an hour on the day of Diwali.

Ganesh-Lakshmi is worshiped before the start of Muhurta trading in the stock market. Members of the stock exchange participate in this puja. After that Muhurta business starts again. The stock is expected to cross the 60,000 mark during peak trading hours. According to BSE, the pre-open session will start from 6 pm on October 24 and will end at 6.08 pm. After this, trading will start for common investors from 6.15 am, which will last for one hour till 7.15 pm. Investment is considered auspicious on the day of Diwali and on this day most of the big investors or companies buy and sell in the stock market.

The wealth of investors increased so much in Samvat 2078

According to the Hindu calendar year, the Sensex closed 456 points down at 59,307.15 in Samvat 2078. While the Nifty slipped 253 points to close at 17,576.30. The wealth of stock market investors increased by Rs 11.3 lakh crore in Samvat 2078. The market cap of BSE listed companies rose by Rs 11.3 lakh crore to Rs 274.4 lakh crore in one year. Historical data shows that Samvat 2078 was the worst year for Indian markets in the last seven years.

Stock market witnessed huge volatility in a year

Last year, Muhurta trading was conducted on 4th November 2021, the day of Diwali. The day was very good for the stock market. On this day, the Sensex had crossed the 60 thousand mark. On the other hand, Nifty closed at 17,921. At the same time, there has been a lot of volatility in the stock market in the last one year.

Due to inflation, Corona epidemic, Russia-Ukraine war, falling rupee prices and rise in crude oil prices, the stock market is seeing a steady rise. On Friday, the Sensex closed up 104.25 points at 59,307.15.