On Sunday, leading stock exchanges BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) will open for special one-hour trading session on the occasion of Diwali. The session, known as ‘Muhurat Trading’, is a revered tradition, held on Diwali each year.
The special session, which is largely symbolic, includes a 15-minute pre-trading window that opens at 6pm, while the trading itself is done from 6:15pm to 7:15pm.
According to market analysts, the festival of lights is considered an auspicious time to start something new; it is said that by investing during this one hour-window, investors benefit throughout the year. However, as the window is of a very short duration, markets can be volatile.
How Sensex performed in previous 10 years on Muhurat Trading:
2013: Sensex went down by 0.6%
2014: Sensex rose by 0.24%
2015: Sensex went up by 0.48%
2016: Sensex fell by 0.04%
2017: Sensex slumped by 0.6%
2018: Sensex advanced by 0.7%
2019: Sensex rose by 0.49%
2020: Sensex was up by 0.45%
2021: Sensex went up by 0.49%
2022: Sensex was at record 0.88%
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