The Bombay Stock Exchange (BSE) is gearing up to host its annual Muhurat Trading session on the auspicious eve of Diwali, falling on November 12 (Sunday). During this unique and culturally significant trading window, the exchange designates a one-hour timeframe, starting from 6 pm and concluding at 7.15 pm, inclusive of a 15-minute pre-market session.
Annual Muhurat Trading Session 2023
Significance of Muhurat Trading
Muhurat Trading is a special and spiritually significant trading session conducted by stock exchanges across India to celebrate Diwali, the Festival of Lights. It signifies the commencement of the ‘new samvat,’ marking the beginning of the new financial year. This symbolic trading session holds cultural and spiritual value, and it is considered an auspicious way to initiate trading activities.
Many traders and investors view Muhurat Trading as a way to ensure good fortune and prosperity for the upcoming year. It is not uncommon for individuals to invest in the stock market during this time, believing that the positive energy of Diwali will bring success and financial well-being in the year ahead.
In observance of Diwali Balipratipada, popularly known as Govardhan Puja, Dalal Street, the financial hub of India, will remain closed on November 14. Typically, this day marks the first working day after the Diwali festival.
An Exceptional Year
However, this year presents an exception, as there will be a one-day gap for the observance of the festival, known as Bali Padyami or Virapratipada in certain regions of the country. This rescheduling is aimed at accommodating various regional traditions and customs associated with Diwali celebrations.
Positive Trends in Recent Muhurat Trading Sessions
In the past two Muhurat Trading sessions, the stock markets have concluded on a positive note. In 2022, both the BSE Sensex and Nifty50 registered gains of approximately 0.9 per cent each during the Muhurat Trading session. Similarly, the 2021 Diwali eve witnessed both headline indices rising by about half a per cent, reflecting the optimism and positive sentiment surrounding this auspicious occasion.