Stock market got record gain last year in Diwali Muhurat Trading, market crashed 3 times in 15 years, see list

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Diwali Muhurat Trading 2023: Every year on the auspicious occasion of Diwali, the Indian markets open for a special one-hour trading session in the evening known as ‘Muhurat Trading’. It is considered an auspicious time to invest in shares and many traders believe that it can bring wealth and prosperity. While the markets are closed on Diwali, both BSE and NSE will hold muhurat trading session on Sunday, November 12 between 6:00 pm and 7:15 pm. On this occasion the indices have generally performed well, even though trading volumes have been quite low. According to Mint report, in the last 15 years, since 2008, 12 out of 15 Muhurat trading sessions ended in the green. Last year, Diwali was celebrated on October 24 and the index rose by almost one per cent. Which was their highest gain since 2008 led by banking, financial services and IT stocks. In 2022, the S&P BSE Sensex rose 524.51 points (0.88 percent) to close at 59,831.66. While Nifty 50 increased by 154.45 points (0.88 percent) and closed at 17,730.75. During one-hour trading, the Sensex hit an intraday high of 59,994.25, while the Nifty hit 17,777.55.

The market was broken in Muhurta trading in 2017

Broader markets were also in line with benchmark indices, with mid-cap and small-cap indices ending 0.5-1 per cent higher last year. Among sectors, Nifty Bank rose 1.28 per cent while Nifty Financial Services index rose 1.27 per cent. Also, Nifty Auto index rose by 0.78 percent and Nifty IT rose by 0.70 percent. The Indian market has followed a similar trend in the past. In 2021, the indices rose 0.5 per cent during muhurat trading, followed by a 0.47 per cent rise in 2020, a 0.37 per cent rise in 2019 and a 0.7 per cent rise in 2018. However, they suffered minor losses in Muhurta trading in 2017 (-0.6 percent), 2016 (-0.04 percent), and 2012 (-0.3 percent). The best Muhurat trading performance ever was seen during the peak of the global financial crisis in 2008.

The market had risen six percent in 2008

In that session on October 28, 2008, the index jumped nearly 6 percent, the highest ever in any Muhurat trading session. It is important to note that since liquidity is very limited on the Muhurta trading day, it is not advisable to buy or sell too much, but most investors, especially new investors, can start by making nominal investments in those stocks. , which you are interested in. auspicious occasion. One should not be influenced by festival sentiments and invest only a small amount. If you are confused about where to invest or what to buy, consult your financial advisor. However, market experts believe that every fall in the market can present a good buying opportunity. The outcome of the 3E economy, elections, earnings and geopolitical crisis over the next few quarters will drive returns for the next Samvat year. Brokerage house Reliance Securities says that we believe that every downturn in the market is likely to present a good opportunity as strong earnings will rollover into FY26E. The market is more attractive compared to the long term average, which aims to take Nifty50 to 22000+ in the next one year.

Let’s take a look at how the indices performed on Diwali every year since 2008:

Year % rise/fall on muhurta trading

2022: 0.88%

2021: 0.5%

2020: 0.47%

2019: 0.37%

2018: 0.7%

2017: -0.6%

2016: -0.04%

2015: 0.5%

2014: 0.2%

2013: 0.2%

2012: -0.3%

2011: 0.2%

2010: 0.5%

2009: 0.02%

2008: 5.9%

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