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Deepawali Muhurat trading 2023: Markets open in green

The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) registered a strong opening during the special one-hour trading session. The special trading window, from 6:00 PM to 7:15 PM on Sunday. Sensex and Nifty saw big gains making the beginning of Samvat 2080 auspicious.Diwali Muhurat trading is a yearly ritual for the Indian stock market to trade for an hour on the auspicious muhurat of Laxmi Puja.

Last year, both the Sensex and Nifty rose by 0.88% during the hour-house trading session, while in 2021 they each gained 0.49%.
During the auspicious session, one can buy and sell stocks. Anyone with a trading account can participate in the Muhurat trading. Trading in Futures and Options is allowed in the hour-long session.
Diwali 2023 with Sensex at 65,249 and Nifty at 19,522. In the pre-open session, Sensex rose 600 points and Nifty was around 19,600. Coal India, UPL, NTPC, Eichermot, Infy emerged as the Nifty winners. Coal India stock hit 7-year high post Q2 results.

During the Samvat year 2079 ended on Friday, the BSE Sensex jumped 5,073.02 points or 8.47 per cent, while the Nifty climbed 1,694.6 points or 9.55 per cent.

(Writer is a Finance Research Analyst, based in Gandhinagar, Gujarat)


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