The once-a-year one-hour Mahurat trading session will be conducted on Monday, October 24, when the entire nation will celebrate Diwali. According to a notification from the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), Mahurat trading will be conducted between 6.15 pm to 7.15 pm on Monday. The pre-market session of Mahurat Trading tomorrow will last for 8 minutes, starting at 6 pm and ending at 6.08 pm, and will be preceded by the block deal session from 5.45 pm to 6 pm.
“India is a land of unique traditions. Even in the stock market, we have a tradition that is unique to us – Muhurat Trading. Muhurat hour marks the beginning of the financial year, and our state-of-the-art smart solutions can enable people to begin their investment journey on this auspicious occasion. We look forward to more people adopting to invest during the Muhurat Trading hour this year,” said Narayan Gangadhar, Chief Executive Officer at Angel One Ltd.
Mahurat trading on Monday will be conducted to usher in a new year Vikram Samvat 2079 as per the Hindu calendar. Volatility is expected to be high during the special session, which is expected to see heavy volume in a narrow trading window of just 1 hour. Traditionally investors buy stocks on the auspicious day, and hold the securities for long-term.
It is customary for stock brokers to offer prayers to Lakshmi, the Hindu goddess of wealth before the Mahurat Session.
It is believed that trading during the ‘muhurat’ or auspicious hour brings prosperity and financial growth for the stakeholders. On Diwali, 24th October 2022, investors and traders can buy shares as a shagun between 6:15- 7:15 pm. Brokerage Angel One recommended Federal Bank, Sona BLW, HCL Technologies, Stove Kraft and Shobha as its top picks for Diwali trades.
Another brokerage Axis Securities’ top picks for Mahurat Trading include Ambuja Cement Ltd, Computer Age Management Services Ltd, Cipla Ltd, Eicher Motors Ltd, Federal Bank Ltd, The Great Eastern Shipping Company Ltd, Godfry Philips India Ltd, L&T Technology Services Ltd, RITES Ltd, Tata Steel Ltd, Titagarh Wagon Ltd, and Voltamp Transformers Ltd
