Home Business Diwali 2022: Special 1-hour Muhurta trading session on Monday

Diwali 2022: Special 1-hour Muhurta trading session on Monday

Trading will take place in various sectors like Equity and Commodity Derivatives. (file)

New Delhi:

Major stock exchanges BSE and NSE will hold a one-hour special Muhurta trading session on Monday, marking the beginning of a new Samvat 2079 – the Hindu calendar year that begins with Diwali.

The stock exchanges, in separate circulars, said that the symbolic trading session would be held between 1815 hrs and 1915 hrs.

It is believed that doing business during ‘Muhurta’ or auspicious time brings prosperity and financial growth for the stakeholders.

Puneet Maheshwari, Director, Puneet Maheshwari said, “Diwali is considered to be the ideal time to start anything new. The market sentiment is quite positive, with buy orders in most sectors. Investors can trade throughout the year during this session. is said to benefit from.” In Upstox, said.

Since the trading window is only open for one hour, the markets are considered volatile. So new traders should be cautious. He said the focus may not be on profitability as much as it could be on gesture.

Trading will take place in different sectors like Equity, Commodity Derivatives, Currency Derivatives, Equity Futures & Options, and Securities Lending and Borrowing (SLB) in the same time slot.

Narayan Gangadhar, CEO, Angel One Limited said, “India is a land of unique traditions. Even in the stock market, we have a tradition which is unique to us – Muhurta Trading.”

Kanika Aggarwal, Co-Founder, Upside AI, said that although 11 out of the last 15 Muhurta sessions have closed in the green, it could be a good day for traders. There is probably a case for “hope arbitrage” where you can go very early in the session and close out positions at the end of the trade.

Overall, Indian equities have outperformed global markets in Samvat 2078 and are expected to continue to outperform in Samvat 2079, driven by strong recovery in the Indian economy and domestic liquidity, increased FPI (Foreign Portfolio Investor) outflows. Bharpayee, Manish Jelloka, Co-Head Product and Solutions, Sanctuary Wealth, said.

However, investors need to keep in mind that the slowdown in the global economy due to tight liquidity conditions could lead to volatility seen in Samvat 2078.

Nilesh Shah, Group Chairman and Managing Director (MD) Kotak Mahindra Asset Management Company said.

Banks, capital goods, manufacturing are expected to outperform the market in Samvat 2079. Also, technology and pharma reforms will provide interesting opportunities on a bottom-up basis, he said.

The exchanges will remain closed on October 26 on the occasion of Diwali Balipratipada.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)

RELATED ARTICLES

Here’s Why Maruti Is Not Joining The EV Race

<!-- -->Over the weekend, I was reading a blog by one of my favorite authors, Morgan Hosel. I came across an interesting conversation...

PSU stocks in limelight as BHEL, PFC and REC hit record highs

<!-- -->Railway stocks rallied as they would benefit from increased government spending. (File)New Delhi: There is a boom in the shares of public...

sebi cuts the deadline for dividend payment to mutual fund unit holders

<!-- -->SEBI cuts the timeline for dividend payment by AMCs to unit holders. (File)New Delhi: Capital markets regulator Securities and Exchange Board of...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Lionel Messi On Target As Argentina Beat Mexico To Keep World Cup Hopes Alive | football news

Lionel Messi helped keep Argentina's World Cup bid alive with the first goal in a 2-0 victory over Mexico on Saturday. Defeat to...

The United Nations condemned the cruel punishments, the Taliban got angry, said ‘insult to the religion of Islam’

United Nations On Physical Punishment: A few weeks back a woman in Afghanistan had hanged herself to avoid punishment by the Taliban. The...

Baloch terrorists threatened Pakistan police, officers retreated from six police stations

Islamabad : A gang of dreaded criminals under the umbrella of a banned terrorist group in Pakistan on Friday threatened to attack six police...

Kylian Mbappe Double Sinks Denmark, Takes France Into World Cup Last 16 | football news

Kylian Mbappe scored twice, including a late winner, as holders France edged Denmark 2-1 on Saturday to become the first team to reach the...

Recent Comments