How has the market performed on Muhurat trading?

2 min read | Updated on October 31, 2024, 13:59 IST

SUMMARY

Did you know that the market has delivered positive sessions in 9 out of 11 last ‘Diwali trading’ sessions? Samvat 2081 is already upon us! To commence this Samvat, the exchange has scheduled the Muhurat trading session on November 1, 2024. This auspicious, one-hour Diwali event reflects investor optimism, symbolizing a fresh financial start with a tradition-driven positive market sentiment.

In 9 out of the past 11 Muhurut sessions, markets have ended positive

Muhurat trading is a special, one-hour trading session that occurs annually during Diwali. It is scheduled during Laxmi Pujan, a day considered an auspicious time for investments.

For 2024, Muhurat trading will be held on November 1 (between 6-7.10 pm IST), with sessions similar to previous years: block deals, pre-open markets, and one-hour trading.

What is Muhurat trading?

Muhurat trading takes place on Diwali during Laxmi Pujan, an auspicious time for investments. This one-hour event is rooted in tradition and brings a sense of optimism, as investors make small yet symbolic purchases, hoping for a prosperous new year.

What is Samvat?

The Hindu calendar follows the Vikram Samvat system, one of the traditional Hindu calendars in India. To calculate the Vikram Samvat year, add ~57 years to the Gregorian calendar year:

For example: 2024 + 57 = 2081, so the year 2024 corresponds to Samvat 2081.

Read more about the Samvat system here - Vikram Samvat explained

How does market perform?

Muhurat trading is more about tradition and sentiment than significant market movements. The Sensex on Muhurat trading day has quite the track record. Over the last 11 trading sessions, it has ended on a positive note in 8 sessions.

Source: Ace Equity

During Diwali, investors trade during a special limited session, which is usually divided into several segments:

Session	Description
Pre-open session	Short period for price discovery, setting the opening price
Block deal session	Reserved for high-value trades between institutional investors, allowing large transactions with limited market impact.
Normal market session	Main trading session (about one hour) for regular buying and selling
Closing session	Brief session for post-closing trades

Source: Stockgro

Happy Muhurat Trading 2024: Wishes for abundant prosperity and new beginnings in Vikram Samvat 2081

Closing thoughts

Muhurat trading is less about market performance and more about tradition and positivity. The session celebrates a fresh start and brings together investors for a unique trading experience.

Disclaimer: This article is for informational purposes only and must not be considered investment advice. Investors should consult with experts before making any investment decisions.

About The Author

Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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How has the market performed on Muhurat trading?

What is Muhurat trading?

What is Samvat?

How does market perform?

Source: Ace Equity

Source: Stockgro

Closing thoughts

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