Mumbai, October 21: The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will conduct the Diwali Muhurat Trading session on the occasion of Diwali on November 1. The Diwali Muhurat Trading session will mark the beginning of the Hindu Calendar year Samvat 2081. Ahead of the "Muhurat Trading" session, both stock exchanges said that the symbolic trading session would be held between 6 PM and 7 PM on Friday, November 1.

When and What Time Is Diwali Muhurat Trading?

The Muhurat Trading session marks the commencement of a new Samvat. It is believed that trading during this auspicious hour, or "Muhurat", brings prosperity and financial growth to investors and traders. This year, Diwali will be celebrated on Thursday, October 31, with the special window for Muhurta Trading being held on the next day, i.e. Friday, November 1. NSE to Conduct Diwali Muhurat Trading on November 1.

The special window for the Deepawali Muhurat Trading will be held from 6 PM to 7 PM on November 1. Having said that, the stock market will remain closed for regular trading on Diwali 2024. The BSE and NSE said that the special trading window will be open for one hour on Deepawali. They also said that the pre-opening session will take place from 5:45 PM to 6:00 PM.

During the Diwali Muhura Trading session, trading takes place in several segments, including equity, commodity derivatives, currency derivatives, securities lending and borrowing (SLB), etc. "A special live trading session shall be held on Friday, November 1, 2024 on account of Muhurt trading on Diwali," the NSE said. Diwali 2024 Start and End Dates: When Is Deepawali? From Dhanteras to Lakshmi Puja, Know Auspicious Timings, Important Rituals, Shubh Muhurat and Significance To Celebrate the Festival.

Significance of Muhurat Trading 2024

Muhurat Trading has been in practice for a long time and holds cultural and financial importance in the Indian stock market as it marks the beginning of the new financial year. Held on the festival of Diwali, the special trading session is believed to bring good luck and prosperity to investors and traders. It is also said that during the one-hour Diwali Muhurat trading, investors place orders on stocks as per their wishes, which they believe would bring good returns for them.

Muhurat Trading is conducted on Diwali, a festival dedicated to worshipping the Goddess of Wealth. Deepawali is considered to be an auspicious day for new purchases, as people look forward to making some form of financial investment. The aim of Diwali Muhurat Trading is not profitability but rather the gesture of investing.

(The above story first appeared on LatestLY on Oct 21, 2024 12:45 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).