The Diwali festival is seen by traders as the start of the new year. New scales and distribution are worshiped along with the books and accounts. Thus, Muhurat Trading is conducted on this day, and the Share Market is also opened.
In this blog, we will cover the details about the date and timings of Diwali Trading Muhurat 2022 which will be set by 2 most popular Share markets, Bombay Stock Exchange and National Stock Exchange. Apart from this, you will also get to know the shares you should invest your money in, to gain profit. So without any further delay, let’s move ahead and read this article ‘Diwali Trading Muhurat 2022‘.
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Diwali Trading Muhurat 2022: Date And Time
To continue the 50-year-old “Muhurat trading” tradition, the stock exchanges (NSE and BSE) will be open for one hour on the festival of Diwali. To mark the beginning of the new Samvat 2079, Muhurat trading is practiced. This is when the traditional business community opens their books of accounts, according to the Hindu calendar. According to the official announcement acquired by livemint, settlement obligations will be imposed on all trades made at the Indian stock market during the Muhurat trading session of Diwali in 2022. Trading according to the Muhurat is believed to bring wealth and prosperity all year long.
- According to the notice posted on the BSE and NSE, trading in the stock, equity, and derivative segments will begin on Diwali, 24th October, 2022 at 6:15 in the evening and will end at 7:15. Pre-open session will start at 6:00 and end at 6:08 o’clock.
- The trading session for the commodity derivative section will also start at 6:15 and end at 7:15. However, according to livemint, trade modification will be accessible till 7:25 p.m.
- The currency derivative segment will have muhurat trading hours in 2022 from 6:15 to 7:15, while trade modifications in currency derivatives and IRD will be available till 7:25. Cross currency derivative trade modification will also be available till 7:25 p.m. Trade cancellation requests can be made up until 7:30 p.m.
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Diwali Trading Muhurat 2022: Shares To Buy
Many of the investors prefer to buy shares during Muhurat Trading 2022 as they consider it the most auspicious time of the year which will bring huge profits to them. So here we are going to provide you knowledge about the shares to buy which are recommended by the Top Brokers. According to Nirmal Bang Equity Research, people can buy the shares of Britannia Industries, Cipla, ICICI Bank, Hero Motocorp, Ultratech Cement etc as these shares can bring huge profit by the next Diwali in 2023.
According to Axis Securities, the new Samvat 2079 appears to be significantly brighter and more optimistic. It says that people can make investment in HDFC First Bank, ITC, Westlife Development, Sundaram Finance, Ashok Leyland and Indian Hotels for the next 12 months as there is great possibility of positive return.
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