Muhurat Trading 2022: Historic Sensex Performances on Muhurat Trading Day
Muhurat Trading 2022: Historic Sensex Performances on Muhurat Trading Day
Muhurat trading is a popular tradition. Read on to know the historic performance of Sensex on the day of trading over the years.
The stock market exchanges in India, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) hold ‘Muhurat Trading’ on the day of Diwali every year. While the stock market remains closed during the whole day on Diwali, there is a special one-hour window called ‘Muhurat Trading’ when the stock exchanges open up to allow traders to make the Muhurat trades on the occasion of Diwali. After an hour of trading, the markets cl... The stock market exchanges in India, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) hold ‘Muhurat Trading’ on the day of Diwali every year. While the stock market remains closed during the whole day on Diwali, there is a special one-hour window called ‘Muhurat Trading’ when the stock exchanges open up to allow traders to make the Muhurat trades on the occasion of Diwali. After an hour of trading, the markets close down till the next session. The timing of this ‘Muhurat trading’ session is decided on the basis of planetary positions. The tradition of ‘Muhurat trading’ holds significance since the Hindu community believes that Diwali is an auspicious occasion to make investments and start new ventures. Muhurat Trading: A View At Historical Performance Historically, the stock indices have performed well during the Muhurat trading times over the past decade. Let’s examine the data from the past few years on how the Sensex has performed historically on the days of Muhurat trading: Year 2007: On the Diwali Muhurat trading day of 2007, Sensex went down by 0.8%. Year 2008: On the Diwali Muhurat trading day of 2008, Sensex was up by 5.9%. Year 2009: On the Diwali Muhurat trading day of 2009, Sensex was up by 0.2%. Year 2010: On the Diwali Muhurat trading day of 2010, Sensex was up by 0.5%. Year 2011: On the Diwali Muhurat trading day of 2011, Sensex was up by 0.2%. Year 2012: On the Diwali Muhurat trading day of 2012, Sensex went down by 0.3%. Year 2013: On the Diwali Muhurat trading day of 2013, Sensex was up by 0.2%. Year 2014: On the Diwali Muhurat trading day of 2014, Sensex was up by 0.2%. Year 2015: On the Diwali Muhurat trading day of 2015, Sensex was up by 0.5%. Year 2016: On the Diwali Muhurat trading day of 2016, Sensex went down by 0.4%. Year 2017: On the Diwali Muhurat trading day of 2017, Sensex went down by 0.6%. Year 2018: On the Diwali Muhurat trading day of 2019, Sensex was up by 07%. Year 2019: On the Diwali Muhurat trading day of 2019, Sensex was up by 0.49% Year 2020: On the Diwali Muhurat trading day of 2020, Sensex was up by 0.45%. Year 2021: On the Diwali Muhurat trading day of 2021, Sensex was up by 0.49%. Also Read: Diwali Muhurat Trading 2022: Top Stocks Analysts Are Betting On Understanding Muhurat Trading The practice of Muhurat trading has been more going on for than 6 decades. The tradition of Muhurat trading first started at the Bombay Stock Exchange (BSE) in 1957 and was later also adopted by the NSE. During those times when online trading wasn’t a thing, traders used to gather at the stock exchange during the hour of Muhurat trading and make their trades. Muhurat trading is a symbolic tradition that traders and investors use in order to signify new beginnings and to get the blessings of Goddess Laxmi in their investment ventures. Laxmi Pujan is held at BSE before the time of Muhurat trading. However, it is also important to not take any impulsive decisions during Muhurat trading if you are planning on investing, only buy into stocks with solid fundamentals and a consistent historical performance. Also Read: Market Veterans Pick Key Themes Ahead Of Muhurat Trading