Muhurat Trading 2017: First of all, a very happy and prosperous Diwali to you and your family. May this Diwali and the upcoming new years fulfills all the wishes that you wished for. Have a blast!
You might be ready for the Diwali; cleaned your house; bought diyas, candles, sweets & crackers etc. But are you ready for trading this Diwali?
Don’t be confused about what I’m talking about. Yes, the stock market will be closed on Diwali, i.e. 19th October 2017.
However, stock exchanges will open for an hour in the evening for trading. This period of trading called ‘Muhurat Trading’ and this tradition has been followed in India since 1979.
The mahurat trading period is considered auspicious for the upcoming year.
BSE and NSE will organize Muhurat Trading session between 6.30pm and 7.30pm on this Diwali, and the pre-opening session will start at 6.15pm. Hence a normal trading will be conducted between these 60 minutes.
What is Muhurat Trading?
According to Indian tradition, Diwali marks the starting of the new year, and the trading done on this day is considered to bring prosperity and wealth throughout the year.
Muhurat trading refers to the trading done on this auspicious day of Diwali.
Further, it’s a very propitious time to plan your investment for the upcoming year with your advisors/brokers to achieve your financial goals.
Here are few quick links to read more:
- Top 10 stocks to buy in Muhurat Trading which could give up to 48% upside in Samvat 2074
- Samvat 2074: Jhunjhunwala says market staring at ‘very long’ bull run; bets on complex generics in pharma
In addition, the market will remain shut on Friday i.e. 20th October’17 on account of Diwali Balipratipada.
Once again, a very happy Diwali.
INVEST SMART, INVEST LONG.