Samvat 2080: Date, timing and significance; all you need to know

Samvat 2080 holds special significance in the Indian stock market, marking the beginning of a new Hindu year or Vikram Samvat and a fresh start for investors.

The Vikram Samvat calendar is a lunar calendar, and the new year usually begins with the festival of Diwali. Thus, Samvat 2080 began around the time of Diwali in 2023 in the Gregorian calendar.

This year, Samvat 2080 started on November 12 and there is a lot of expectation among investors, and it is important to know all the details of muhurat trading.

What is Muhurat Trading?

Trade Muhurat, also known as auspicious trade. It is a one-hour trading session that takes place on the day of Diwali, in the Indian stock market. It is considered a desirable time to invest in stocks, and many traders believe that it can bring wealth and prosperity.

Muhurat Trading Times, 2023

On the occasion of Diwali, the National Stock Exchange (NSE) has announced that the stock market will be open from 6:00 pm to 7:15 pm for muhurat trading on November 12, 2023.

This includes an 8-minute window for the pre-open session between 6 pm and 6:08 pm. Also, the block dealing window will open at 5:45 pm.

In the commodity and currency derivative segment, the muhurat trading session will take place from 6:15 pm to 7:15 pm. However, trade modification will be available until 7:25 pm to accommodate any changes.

Importance of Trade Muhurat

Muhurat Trading 2023 is of great importance to investors and traders in India, as it is an auspicious occasion to start new ventures and invite prosperity into their financial endeavours.

This unique combination of tradition and finance is in line with the belief that doing trades during this specific time, known as “Muhurat”, can bring wealth and success.

During the last two muhurat trading sessions, the stock market has closed with positive gains. In 2022, the Sensex and Nifty indices gained 0.88% during the one-time trading session, and in 2021 they gained 0.49%.

Important tips for successful Muhurat Trading

Do your research: Before engaging in muhurat trading, thoroughly research the stocks or sectors in which you intend to invest. Look for companies with strong fundamentals and growth potential.

Set realistic goals: Set realistic investment goals and expectations for the muhurat trading session. Do not expect to make significant gains in a short period of time. Remember, muhurat trading is more of a symbolic event than a trading opportunity.

Diversify your portfolio: Don’t put all your eggs in one basket. Diversify your portfolio by investing in different sectors or asset classes. This helps mitigate risk and increases the chance of stable results.

Keep an eye on the market: Although muhurat trading is a short session, it is important to stay updated with market news and trends. Keep an eye on any significant developments that may affect your investments.

Control your emotions: Muhurat trading can evoke strong emotions, especially because of the festive spirit. However, it is important to make investment decisions based on logic and analysis rather than emotion. Avoid making impulsive trades based on short-term market movements.

Muhurat trading in the stock market has a unique atmosphere. It is a time when market sentiment is usually positive, and investors are optimistic.

However, it is important to note that the trading volume during muhurat trading is relatively low, leading to increased volatility. Keep in mind that market trends can quickly reverse during this session, so it is advised to be careful and not make impulsive investment decisions.

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Updated: 06 November 2023, 02:04 PM IST

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