Muhurat Trading 2023 is a special event in the Indian stock market that will occur on Sunday, November 12, 2023, on the auspicious occasion of Diwali. It marks the beginning of the Hindu calendar year known as Vikram Samvat 2080.
This unique trading session lasts for one hour in the evening. It allows investors to place orders on both the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE).
Muhurat Trading 2023 on NSE and BSE
During Muhurat trading, the NSE and BSE align their activities with Laxmi Pujan, a day dedicated to rituals for the goddess Laxmi. Diwali, celebrated nationwide, signifies the triumph of good over evil. This festival of lights is associated with positive omens for prosperity and success.
During Muhurat Trading, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) make their trading areas look festive. They use traditional decorations like flowers, colorful floor art called rangoli, and bright lights.
The idea is to create a happy and lucky atmosphere for the special Diwali trading day. These decorations bring a joyful feeling and add a cultural touch to the financial activities during Muhurat Trading.
Both the NSE and BSE will allow investors and traders to participate in various segments like equity, derivatives, and currency during the Muhurat trading 2023. This will start at 6.00 PM and end at 7.15 PM on Sunday 12 November.
As in normal market days, both exchanges will offer a pre-opening session of 8.00 minutes from 6.00 PM to 6.08 PM before the market starts for normal trading.
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Muhurat Trading 2023 and its Significance
Muhurat Trading 2023 is a day that will be observed during the auspicious Diwali celebration on Sunday. It signifies the beginning of the Hindu calendar year, Vikram Samvat 2080, and carries significant cultural importance in the Indian financial context.
During Muhurat trading, which aligns with Diwali, the Festival of Lights, people show respect to Goddess Laxmi, who represents wealth and prosperity.
Like investors and traders, those involved participate in traditional rituals, wear special clothes, and make trading areas look festive with diyas and flowers.
The idea that making investments during Muhurat trading brings good luck and success for the whole year makes this financial tradition appealing.
This mix of cultural and financial customs shows a strong link between old beliefs and modern money practices. It makes people feel positive about the market and demonstrates a happy mix of culture and finance in India.
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Lakshmi Puja 2023 Timings on Muhurat Trading Day
| Event | Lakshmi Puja |
|---|---|
| Date | Sunday, November 12, 2023 |
| Muhurat | 06:12 PM to 08:12 PM |
| Duration | 02 Hours, 00 Mins |
| Pradosh Kaal | 06:01 PM to 08:34 PM |
| Vrishabha Kaal | 06:12 PM to 08:12 PM |
| Amavasya Tithi Begins | 02:44 PM on November 12, 2023 |
| Amavasya Tithi Ends | 02:56 PM on November 13, 2023 |
Muhurat Trading 2023 Timing and Preopening
During Muhurat trading 2023, the NSE schedule included the normal market opening at 6.00 PM and closing at 7:15 PM, with trade modifications ending at 7:25 PM.
This auspicious occasion allows brokers, dealers, and investors to decorate trading rooms with diyas, flowers, and colorful lights, symbolizing a prosperous and joyous new year.
Participants typically dress in vibrant ethnic costumes and share delectable delicacies to mark the celebration of Samvat 2080.
| Event | Date | Time |
|---|---|---|
| Muhurat Trading 2023 | November 12, 2023 (Sunday) | 6:00 PM to 7:15 PM |
| Pre-Market Opening | November 12, 2023 (Sunday) | 6:00 PM to 6:08 PM |
| Normal Market Opening | November 12, 2023 (Sunday) | 6.15 PM-7.15 PM |
| Trade modification End Time | November 12, 2023 (Sunday) | 7.45 PM |
Check for more updates on the NSE site!
When was Muhurat Trading introduced?
The Bombay Stock Exchange (BSE) introduced Muhurat trading in 1957, and later, the National Stock Exchange (NSE) adopted this tradition in 1992. Participants in the stock market often dress in traditional ethnic attire on this special day, engaging in rituals to seek luck and prosperity.
Despite lower trading volumes due to the limited participation of major institutions, Muhurat trading remains popular among investors of all scales.
Frequently Asked Questions(FAQ)
What is Muhurat Trading?
Muhurat trading is a special session in the Indian stock market that takes place on the auspicious occasion of Diwali. It marks the beginning of the Hindu calendar year, Vikram Samvat.
When did Muhurat Trading start in India?
The Bombay Stock Exchange (BSE) started Muhurat trading in 1957, and the National Stock Exchange (NSE) subsequently embraced this distinctive custom in 1992. Every year, traders and investors around the country participate in this unique custom that commemorates an auspicious occasion during Diwali.
How long does Muhurat Trading last?
Muhurat trading lasts for 60 minutes, and it has 15 minutes of pre-opening sessions.
Is Muhurat Trading only for equity markets or other financial instruments as well?
The main focus of Muhurat trading is equity trading. But brokers also allow trading in various segments like derivatives, currency, and commodities.
Is there any significance to the timing chosen for Muhurat Trading?
The stock exchanges usually decide the specific timing for Muhurat Trading with input from astrologers. The idea is that participating in trading during these auspicious moments is believed to bring prosperity and good fortune to those involved in the market.
What rituals or traditions are associated with Muhurat Trading?
During Muhurat Trading, traders and investors often do special prayers for Goddess Lakshmi and Lord Ganesha. They ask Lakshmi for wealth and prosperity and Ganesha for wisdom and help with any challenges. They set up a prayer area, light lamps, give flowers and sweets to Lakshmi, and say special prayers. At the same time, they also pray to Ganesha using a statue and offering a sweet called modak.
Also read: Muhurat trading 2022, the fortune of investors
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