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In India, when it comes to starting a new business or buying a new asset like a house or a car, there is a huge importance given to muhurat. A good muhurat is basically an auspicious time to do a new activity. As per the Hindu tradition, it is believed that any activity performed during this auspicious time leads to strong possibilities of success.

Likewise, the Indian traders and investors have been following a ritual called Muhurat Trading. It is an age-old custom observed in the Indian stock market where participants buy some shares during muhurat trading with a belief that it will bring wealth and prosperity in abundance.

Let’s learn in more detail about Muhurat Trading and why you should be commencing your investment journey during this time.

Muhurat Trading - A Brief Introduction

Muhurat Trading is an annual event observed at the Indian stock exchanges. This ritual has been followed since 1957 by the BSE, whereas the NSE started in 1992, after its launch. As per the tradition, investors and traders buy token shares in this auspicious time as it is believed to bring Goddess Lakshmi’s blessings for a wealthy future.

This year, the Muhurat Trading will be conducted on the evening of 24th October 2022 for one hour. Both the BSE and NSE will open at 6:15 PM and close at 7:15 PM, where you can place your trades.

Why start investing during Muhurat Trading?

Muhurat Trading is conducted at an auspicious time - shubh muhurat - with the hope of attaining a rich and opulent future. As per the Hindu tradition, it is believed that the Goddess of Wealth - Lakshmi - bestows her blessings on this special day of Diwali. So, if you are someone who has been waiting for the right opportunity to start investing, then here is a perfect time.

Moreover, beginning to invest early helps you make the most out of the power of compounding. By starting early and staying invested, your money grows, generating sizable wealth in the long run. Thus, to help with Investing ki Smart Shuruaat, Angel One offers you Shagun Ke Shares. You can find these exclusive stock recommendations here along with a detailed research report.

Influence of Muhurat Trading on Stocks

Historically, it has been noticed that the Indian stock market remains bullish for a brief period after Muhurat Trading. This is mainly because most investors buy shares in large volumes whereas swing traders look for quick profits from the momentum. As a beginner, this gives you a good opportunity to begin your investing journey.

However, you should not get carried away on this special occasion. The inherent nature of the stock market is volatile. As a new investor, your goal must be to invest regularly for the long term and stick to your plan. You can benefit by obtaining insightful knowledge about investing and financial planning from Angel One’s Knowledge Centre. It is a digital hub offering many concepts and strategies for trading and investing.

Key Factors to Know Before Beginning

As a newbie investor, here are some of the important factors that will help you have a stable portfolio in the long run.

• Build your personal financial roadmap.
• Learn about the company's business before investing.
• Study the company’s fundamentals like PE ratio, debt-equity ratio, etc.
• Diversify your investments across shares, mutual funds, ETFs, gold, etc.
• Don’t risk more than 7-8% of your total capital in one investment.
• Never follow any hot tips blindly.
• Do not block more than 10% of total capital in penny stocks.

Always conduct due diligence before investing.

In a Nutshell

The secret sauce for generating more wealth, in the long run, is to start early. While that holds, the best opportunity to embark on the stock market journey is here. Why wait longer while you can do Investing Ki Smart Shuruaat this Diwali? Make the most out of the power of compounding in the long term with Angel One’s Shagun Ke Shares.

Disclaimer:

This blog is exclusively for educational purposes only. Investments in the securities market are subject to market risk, read all the related documents carefully before investing. Brokerage will not exceed the SEBI prescribed limit.  https://bit.ly/2VBt5c5

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