Muhurat Trading: In or Out?
Thanksgiving Day and the Wall Street. Stock Markets closed.
Diwali and the Dalal Street. Stock Market closed but.. Not really.
While the world operates one way, India takes a different route.
While there may be many things that make India stand apart, its integral connection of culture, faith, and optimism of festivals with the usual day-to-day events is as unique as it gets.
Muhurat trading is one such unique event.
Diwali symbolizes new beginnings, prosperity, and the triumph of good over evil. This auspicious occasion is translated into a culturally significant event in the stock market.
What is Muhurat Trading?
Muhurat Trading is a special trading session on the Indian stock market that takes place during the Diwali festival, symbolizing prosperity and good fortune.
For a specific window, you can invest or trade in the Indian stock market on the auspicious day of Diwali, figuratively inviting Goddess Laxmi to your home.
If you want to know more about its history and significance, you can read it here.
But, Why Do Muhurat Trading?
Good question, and an even better answer. There’s a lot of common ground between Diwali and Muhurat trading.
Let’s see what Muhurat Trading signifies.
New Beginnings
Muhurat trading symbolizes fresh investment opportunities.
Prosperity and Wealth
Celebrating Lakshmi, investors believe Muhurat trading attracts financial blessings and prosperity.
Cultural Significance
Muhurat trading is a valued tradition that strengthens community bonds and shared prosperity hopes.
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Sentiment
The festive spirit boosts positive market sentiment, prompting investor participation for favorable trading outcomes.
In short, the values and faith of Diwali extend to India's financial landscape. So, it is believed that investing during this session which overlaps with an auspicious day will bring prosperity and financial happiness.
But it’s not all emotions, the numbers also reflect the sentiment of the Indian investors and traders.
Here’s how the Nifty 50 performed on Diwali over the years:
When is Muhurat Trading Happening in 2024?
Mark your Calendars. We did. November 1, 2024. 6 PM to 7 PM.
Speaking of auspicious beginnings, it’d be unfair not to mention that Dhan was launched during Muhurat Trading, 3 years ago.
We started with hope and in a shubh Muhurat. So far, so great. We’re humbled to be now one of the top 10 brokers in India, from the 300th when we started. To celebrate this, we created a special video dedicated to all Indian traders & investors.
Seen it yet?
1st November 2024: See You There
Life me kisi acche cheez karne ke liye sahi waqt ka wait nahi karna chahiye, but agar samay accha hai toh kuch sahi karna toh banta hai.
Invest this Muhurat Trading, and come together to celebrate the unique Indian financial landscape of India, that runs of Sensex, and lots of hope, faith, and positivity.
Enjoy Zero Brokerage during Muhurat Trading on Dhan.