Know Diwali 2020 Muhurat Trading Time and History.
Both BSE and NSE run a one-hour trading session during the ‘auspicious time’. Trading in this session is believed to bring prosperity to investors throughout the year.
Diwali is a festival of light, knowledge and wealth. Apart from its spiritual significance, it also marks the beginning of the traditional Hindu accounting year known as ‘Samvat’. Lakshmi, the goddess of wealth and prosperity, and Ganesh, the god of beginnings, are worshiped on Diwali.
Muhurta trading consists mostly of buying orders, which insist on adding to the market and usually close the market with positive notes.
Diwali Muhurta Trading Time 14th November 2020
Even though the stock markets are closed on Diwali, the Muhurta trading session lasts for about an hour. The time of trading Muhurta changes every year based on the most auspicious hour of the day.
The business community has been following the tradition for half a century. BSE since 1957 and NSE since 1992 are organizing this special trading session on theday of Diwali. This year the Stock Exchanges will be held Muhurat trading on Saturday 14 November 2020 from 6:15 pm to 7:15 pm.
What is the schedule of Muhurat Trading 2020 session?
Here is how the time around Muhurat Trading is allotted
5.45 pm to 6 pm: Block deal session
6 pm to 6.08 pm: Pre-opening
6.15 pm to 7.15 pm: Muhurat trading
6.20 pm to 7.05 pm: Periodic call auction
7.15 pm to 7.30 pm: Closing session
Trade modification cut-off time is till 7:45 pm
Importance of Muhurta Trading
In Muhurta Trading Session, investors and brokers buy value-based stocks, which are good for the long term. It is believed that the position of the planets in the particular Muhurta is such that the investment made brings good luck to the investors. Many investors believe that shares bought on this occasion should be kept as lucky charms.
Know History of Diwali Muhurat Trading
It is a symbolic and old ritual, that has been retained and observed for ages, by the trading community.
Muhurat trading session was started in 1957 by BSE. It started with two major trading communities, Gujaratis and Marwari people. Every Diwali has a century-old tradition of worshiping his leadership and wealth. It has come in the NSE since 1992. Both BSE and NSE trade for one hour on Diwali evening.