Share Market Holiday: Is Stock Market Open on October 31 and November 1? When Is Diwali Muhurat Trading 2024?
As Diwali approaches, people are eager to know if the share market will remain open or closed on October 31 and November 1. To know if trading on BSE and NSE will be affected or not, check the details below.
New Delhi, October 30: As India enters the festive season, people are eager to know if share market will operate on October 31 and November 1. The stock markets are also preparing for the annual Muhurat Trading session, a one-hour event held on Diwali. Stockbrokers view Diwali as the start of their financial year, with many investors believing that purchasing stocks during this time invites prosperity for the coming year.
Diwali is running from October 29 until November 3 this year, with schools, public, and bank holidays. However, Does that mean the share market will also be closed on these days? To know if trading on BSE and NSE will be affected or not, check the details below. Stock Market Today: Sensex Opens in Red After Bumper Diwali Opening Week, Falls 0.43%; Nifty Falls 0.03% to 24,257.70.
Is Stock Market Open on October 31 and November 1?
As Diwali celebrations begin, investors should note upcoming closures in the stock market. Both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will operate as usual on Wednesday, October 30, and Thursday, October 31, from 9:15 am to 3:30 pm. However, the market will close on Friday, November 1, for Diwali, resuming regular hours the following week. Diwali Muhurat Trading 2024: NSE to Conduct Special One-Hour Trading Session of Stock Market on November 1.
When Is Diwali Muhurat Trading 2024?
The annual Diwali Muhurat trading session will be held on Friday, November 1, between 6 pm and 7 pm, with a special pre-open period from 5:45 pm to 6:30 pm for IPOs. Traditionally conducted on Laxmi Pujan, this symbolic session allows trading across equities, commodities, and other segments. The session is believed to bring prosperity, as traders often view purchases made during this time as auspicious.
- NSE and BSE will be open as usual on October 30 and October 31, 2024.
- Stock markets will close on Friday, November 1, 2024, in observance of Diwali.
- A special Diwali Muhurat trading session will occur on November 1, from 6 pm to 7 pm.
- Muhurat trading will include a pre-open session for IPOs from 5:45 pm to 6:30 pm.
- All intra-day trading positions will be squared off 15 minutes before the session ends.
- Muhurat trading holds cultural significance, symbolising prosperity for the new year.
- Many traders believe buying shares during this session brings good fortune.
On Wednesday, India’s benchmark equity indices opened lower due to mixed global cues. The BSE Sensex fell 154 points to 80,215, while the NSE Nifty50 dropped 71 points, reaching 24,396 at the opening bell.
(The above story first appeared on LatestLY on Oct 30, 2024 12:46 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).