Diwali Muhurat Trading 2024 Date, Time: All You Need To Know About Special One-Hour Trading Session of Stock Market To Be Held on Deepavali
Muhurat Trading for 2024 is scheduled for Friday, November 1, and will take place in the evening. The session begins with a pre-opening period at 6 PM, followed by continuous trading from 6:15 PM to 7:15 PM.
New Delhi, October 11: Muhurat Trading is a unique tradition in India's stock market, where exchanges such as the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) open for a special one-hour trading session on the auspicious occasion of Diwali. Scheduled for Friday, November 1, this session allows traders and investors to make token trades as a way to mark the beginning of the new financial year. The trading session, which coincides with Laxmi Pujan, is believed to bring good luck and prosperity to participants.
The Muhurat Trading session in 2024 will begin with a pre-opening period starting at 6 PM, followed by continuous trading from 6:15 PM to 7:15 PM. During this hour, the stock market remains closed for regular trading, offering a unique opportunity to start afresh in one’s investment journey. All trades executed during this special trading hour are settled on the same day, making it an ideal time for both seasoned and new investors to engage with the market. Sensex Crashes by 638 Points, Nifty Down by 218 Points, Investors Lose Over INR 9 Lakh Crore Amid Middle East Conflict.
What is Muhurat Trading?
Muhurat Trading is a special one-hour trading session conducted in the Indian stock market during the auspicious occasion of Diwali. This unique event allows traders and investors to make token trades to mark the beginning of the new financial year. Taking place in the evening, typically coinciding with Laxmi Pujan, it is believed that trading during this period brings good luck and prosperity. Stock Market Today: Sensex, Nifty Turn Flat Amid Weak Trend in Asian Markets.
Muhurat Trading 2024: Date and Timing
Muhurat Trading for 2024 is scheduled for Friday, November 1, and will take place in the evening. The session begins with a pre-opening period at 6 PM, followed by continuous trading from 6:15 PM to 7:15 PM. Traders can modify their trades until 7:25 PM, ensuring a smooth trading experience during this auspicious hour.
Muhurat Trading 2024: Significance
Muhurat Trading holds significant cultural and financial importance in the Indian stock market as it marks the beginning of the new financial year. Conducted on Diwali, this auspicious trading session is believed to bring good luck and prosperity to investors and traders alike. It offers a symbolic opportunity to start fresh and invest with a positive outlook for the year ahead.
It is to be noted that the stock market remains closed throughout Diwali, with a special one-hour trading session designated for Muhurat Trading. During this period, traders can buy and sell stocks, allowing them to start their financial journey on an auspicious note while all trades executed are settled on the same day.
(The above story first appeared on LatestLY on Oct 11, 2024 10:37 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).