Muhurat Trading Time for Diwali 2024 (NSE & BSE) : Celebrate Samvat 2081
Diwali, the Festival of Lights, is much more than just fireworks and delicious sweets. It’s a cherished time that symbolises the triumph of light over darkness, knowledge over ignorance, and good over evil.
Along with the festivities, Diwali brings its own customs and traditions. It also marks the b the new year for many Indians. This year, it will mark the beginning of Samvat 2081 according to the Hindu calendar. One such tradition among stock investors and traders is “ Muhurat Trading.”
Like every year, NSE and BSE have announced a special one-hour muhurat trading session for Diwali 2024 that is scheduled on:
📅 1st November 2024
⏰ 6 pm –7 pm
Both the exchanges will be closed on Friday, 1st November, for regular trading sessions, but they will open only for the Diwali special one-hour trading session in the evening. The Muhurat Trading is scheduled to pre-open from 5.45 pm to 6.00 pm, and between 6-7 pm trading will commence for all participants.
Let’s understand what muhurat trading is, its significance during Diwali, and answer all the key FAQs on Muhurat trading to satisfy your curiosity!
What is Muhurat trading?
Muhurat Trading is a special, symbolic stock market trading session in India that takes place on the occasion of Diwali, the festival of lights. The term “muhurat” refers to an auspicious time, and trading during this period is believed to bring prosperity and good fortune to traders and investors.
Can anyone participate in Muhurat trading?
Yes, anyone with an active trading account can participate in Muhurat Trading. It is open to all investors, including retail investors, institutional investors, and traders. The session is a great opportunity for new investors to experience the market in a festive and positive environment.
Which segments are open for trading during Muhurat trading sessions?
The Muhurat Trading session includes all market segments, such as equity, commodity derivatives, currency derivatives, equity futures & options (F&O), and securities lending & borrowing (SLB). All these segments are available for trading within the one-hour session.
When did Muhurat trading start in India?
Muhurat Trading was officially recognised when the BSE introduced it in 1957. The NSE followed suit in 1992, further popularising it. Today, it is a widely followed tradition among investors in India.
What is the significance of Muhurat trading
Muhurat trading marks the beginning of new Hindi financial year, called Samvat. During this special one-hour session, investors and traders aim to set a positive tone for the upcoming financial year. This practice blends traditional beliefs with contemporary financial activities.
What happens during Muhurat trading?
- Special Timing: The session is usually held in the evening for about an hour on Diwali day.
- Auspicious Occasion: The session coincides with Lakshmi Puja, dedicated to the Hindu goddess of wealth, Lakshmi.
- Participation: Investors, both big and small, actively participate, including institutional investors and family-run trading accounts. Many traders place symbolic buy or sell orders.
- Predefined Session: The stock exchanges in India (NSE and BSE) announce the exact time of the session in advance.
What are the Muhurat trading timings for 2024?
This Diwali, the Muhurat Trading session is scheduled for November 1, 2024.
Diwali Muhurat Trading Session on Friday, 01, 2024 Start Time End Time Pre-Open 5:45 PM 6:00 PM Normal Market 6:00 PM 7:00 PM
Why participate in Muhurat trading?
- Symbolism of Prosperity: It is seen as a ritual to invite wealth and prosperity, marking the start of a new financial year.
- Sentiment over Strategy: Many investors make purchases during Muhurat Trading as a symbolic gesture, driven more by tradition than by strategic investment motives.
- Positive Market Sentiment: The mood during Muhurat trading is generally upbeat, with many investors expecting positive returns from stocks bought on this day.
- Low Volatility, High Sentiment: Although trading volumes might be lower compared to normal sessions, the sentiment is generally optimistic, with many seeing the day as a good omen for the year ahead.
How to participate?
To participate in Muhurat Trading, ensure your trading account is active and funded. Place your orders during the specified session time. It’s a good idea to plan your trades in advance, considering the symbolic nature of this session.
On this auspicious occasion of Diwali, start your investment journey with prosperity and success. Don’t have a demat account yet? Click here to open your account with ArihantPlus today and make the most of Muhurat Trading!
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