Diwali is not a celebration alone, but it brings something more significant in terms of prosperity. More than anything else, in India, this time around marks something significant in terms of its contribution to the stock market. The Muhurat trading session, out of the many rituals observed on this auspicious time, has become the most sought-after event by the investors. Let’s learn the importance and performance of such special trading sessions which have fascinated investors for so many years.
1. History of Evolution
Muhurat Trading was first presented by the Bombay Stock Exchange (BSE) back in 1957, and it was to ring in a new beginning for the trading world at the start of the financial year. National Stock Exchange followed the same trend in the year 1992 and took it to the ultimate level.
2. Year of Glory
Analyzing the last 11 years, it has been seen that there is a great trend in the performance of Muhurat Trading. During these years, the market has witnessed positive returns on 9 out of 11 occasions. Since 2018, the market has been in strength. Minor fluctuations were experienced in 2016 and 2017. On the whole, the resilience of the market during special sessions is noted.
3. Recent Positivity
For the last five years, momentum of positive returns in Muhurat Trading has been particularly noticeable. The investors have benefited by bagging returns during those sessions, which underlines the potential for wealth creation and growth opportunities during such a unique trading period.
4. Special Appeal for Investors
What makes the trading in Muhurat Sessions unique for investors? Factors that explain why a muhurat session is chosen so that an auspicious event at a particular time attracts particular symbolic value attached with its time. Such moments were often seen as a blessing when commencing an investment or continuing a strategy in markets are considered to be a prosperous hour in the economy, providing fortunes and prosperity.
Stock Market Performance
Investors and analysts closely watch the performance of the stock market on Muhurat Trading days. Positive trends in the last few years reflect optimism and confidence of market participants on such festive occasions. There is an air of unity and positivity surrounding Diwali, which somehow extends into the financial sphere to impact market behaviors in such special sessions.
So, the Diwali 2024 Muhurat Trading session promises all the good things and success to investors, wanting to maximize their returns and celebrate the festival of finance. As we prepare ourselves to light the lamps for this journey of prosperity, may the markets shine bright with positivity and plenty for one and all.
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