Aparajita Saxena, Research Analyst, Trustline Securities, said. That, “As this symbolic buyout on the eve of the festival, investors can buy early investment tokens that can give long-term returns on their investments. Hence, this is also the perfect time for new investors to enter the market.” The equity index has historically performed very well in this particular trading session, although it has generally seen low trading volume and little stock movement in the short term.
Last year Diwali was celebrated on November 14. The BSE Sensex closed with a gain of 0.45 per cent on that day. The index rose 0.49 per cent on the day of Diwali on 27 October 2019. In 2018, the 30 pack index had gained 0.70 per cent daily on Muhurta trading. Whereas during the Muhurta trading session in 2017, 2016, 2012 and 2007 there was a slight decline in the index.
October 28, 2008 was a special day when the Sensex rose 5.86 per cent during the one-hour trading session. It settled at 9,008 for the day, but remained range-bound for the rest of the year following the global financial crisis.