Every year on the eve of Laxmi Pujan, the Indian stock market holds a special trading session much anticipated by investors and traders. For most Indians, it is a day to worship their wealth and express gratitude. The stock market, to honour this tradition, conducts a Muhurat Trading session. To learn about what is Muhurat Trading, its timings, and its significance, you can read this blog: Diwali Muhurat Trading 2024. In this blog, we will look at how the markets have performed in previous Muhurat Trading sessions.
Market performance: Muhurat trading 2023
Diwali was celebrated on November 12 last year. It proved to be the second-best Muhurat Trading session in five years. The primary index of the Bombay Stock Exchange, Sensex, recorded a 355-point gain, closing 0.55% up at 65,259. Nifty 50, the primary NSE index, closed 0.52% up at 19,525 with a gain of 100 points. The midcap and smallcap stocks fared well with the BSE Midcap index rising 0.67% and the BSE Smallcap index rising 1.14%.
It is worth noting that since then, the markets have shown significant growth within a year. Sensex has scaled a high close to 86,000 and Nifty surpassed 26,000.
The Muhurat Trading session in 2023 witnessed a growth in 28 of the 30 Sensex stocks and 43 of the 50 Nifty 50 stocks. But, how have the markets performed in other Muhurat Trading sessions? Let’s take a stroll through the history lane.
Performance in Muhurat Trading history: how did the markets perform?
Considering the last decade, the markets on Muhurat Trading have performed positively in 8 out of 10 sessions. In 2016, Nifty closed flat at -0.04%. The following year, Nifty closed at -0.6%.
Nifty’s performance on Muhurat Trading in the last 10 years
| Year | Change in Nifty |
| 2023 | 0.52% |
| 2022 | 0.88% |
| 2021 | 0.50% |
| 2020 | 0.47% |
| 2019 | 0.37% |
| 2018 | 0.70% |
| 2017 | -0.60% |
| 2016 | -0.04% |
| 2015 | 0.50% |
| 2014 | 0.20% |
Conclusion
For many Indians, Diwali is an auspicious occasion to make financial decisions. This one-hour session on the 1st of November will appeal to investors across the country. We encourage you to invest smartly and not let the festive vibes blind your thoughts.
