Diwali Muhurat Trading 2024 is today: Know key timings on BSE and NSE and all you need to know
Diwali 2024 Muhurat Trading 2024: As Diwali lights up homes across India this Thursday, October 31st, the country's stock exchanges will briefly open for a special Muhurat Trading session, although regular trading remains closed on Friday. Here¡¯s all you need to know about Muhurat Trading timings, its historical importance, and what to expect in 2024.
What are Muhurat Trading's timings today?
Muhurat Trading is a one-hour special trading session held every Diwali, marking the start of the new Hindu financial year, Samvat 2081 in 2024. This session is believed to bring prosperity for the coming year. This year, Muhurat Trading 2024 is set for 1st November from 6:00 PM to 7:00 PM. Investors can make trade changes up to 7:10 PM, giving a few extra minutes for adjustments if needed.
Diwali 2024 Muhurat Trading Timings
This year, the Diwali Trading Muhurat will happen on today, November 1, 2024, from 6:00 PM to 7:00 PM. Below are the important timings for the trading sessions on that day:
| Diwali Muhurat Trading 2024 date | Friday, November 1 |
|---|---|
| Pre-Open Session | 17:45 hrs 18:00 hrs |
| Normal Market Trading | 18:00 hrs 19:00 hrs |
| Block Deal Session | 17:30 hrs 17:45 hrs |
| Special Pre-Open Session (For IPO & Relisted Securities) | 17:45 hrs 18:30 hrs |
| Normal Market Open Time for Special Pre-Open Session | 18:45 hrs 19:00 hrs |
| Call Auction Illiquid Session | 18:05 hrs 18:50 hrs |
| Closing Session | 19:10 hrs 19:20 hrs |
| Trade Modification Cut-Off Time | 18:00 hrs 19:30 hrs |
Why is Muhurat Trading Important?
Muhurat Trading on Diwali has a special place in India¡¯s financial culture. It is believed to bring wealth and good fortune, making it an ideal time for symbolic investments. During Muhurat Trading 2024, seasoned traders and beginners alike make small yet meaningful trades, hoping for financial success through Samvat 2081. Many investors open new accounts or make small trades in the festive spirit, adding a joyful atmosphere to the stock market.
Significance of Muhurat Trading Timing in 2024
This one-hour window attracts active involvement from both individual investors and major institutions. During the special Muhurat Trading timing, trading volumes are typically lower, yet the sentiment is upbeat as participants hope for a profitable year ahead. Despite fewer trades, the market generally ends on a positive note, bringing cheer to traders and celebrating the Diwali spirit.
The Background of Muhurat Trading
The practice of Muhurat Trading started in 1957, was introduced by the Bombay Stock Exchange (BSE), and was later adopted by the National Stock Exchange (NSE) in 1992. This event aligns with ¡®Chopda Pujan¡¯, a ceremony where traders open ledgers and account books to mark the new financial year. Over the years, Muhurat Trading has grown in significance, blending cultural tradition with financial aspirations.
Top Facts About Muhurat Trading in Diwali 2024
- Symbolic Start of Vikram Samvat 2081: Muhurat Trading is the start of Vikram Samvat 2081, combining cultural importance with financial activity.
- Symbol of Light Over Darkness: Trading during this time represents hope and prosperity, aligning with the Diwali theme of triumph over darkness.
- A Decades-Old Tradition: Established in 1957, Muhurat Trading on Diwali has been embraced by both BSE and NSE, becoming a time-honoured custom.
- Linked to Chopda Pujan: Traders often start the session with a prayer to mark the new financial year with positivity.
- Historical Positive Returns: Historically, the BSE Sensex has ended higher in 13 out of the last 17 Muhurat Trading sessions, highlighting a positive trend.
- Highest Gains in 2008: During the 2008 financial crisis, the Sensex recorded a remarkable 5.86% rise in the Muhurat Trading session.
- Belief in Wealth and Prosperity: Many believe stocks bought during Muhurat Trading will bring financial success through the year.
- Opening Bell Ceremony: The Muhurat Trading session starts with a ceremonial bell, followed by prayers to Goddess Lakshmi, the deity of wealth.
- Decorations and Traditions: Stock exchanges are decorated with lamps and flowers, and traders dress traditionally on this day.
- High Market Volatility: With only an hour to trade, prices can fluctuate quickly as traders make swift moves to complete trades.
How Muhurat Trading Impacts the Stock Market
Although trading volumes during Muhurat Trading are usually modest, the session often shows positive outcomes, with stock indices like the BSE Sensex frequently closing on a high note. This session allows both new and experienced investors to realign portfolios, setting a positive financial tone for the new year. Many use Muhurat Trading as an opportunity to invest with a sense of hope and prosperity.
Market Insights on Muhurat Trading 2024
In previous years, the BSE Sensex has performed well during Muhurat Trading, frequently ending in positive territory. While most trades are symbolic, the positive market trend often sets an optimistic outlook for the new financial year, bringing anticipation and excitement to investors.
Diwali 2024¡¯s Muhurat Trading session isn¡¯t just about investing; it¡¯s about embracing a tradition that blends hope, prosperity, and financial aspirations. As the Muhurat Trading session nears, investors ¨C both experienced and new ¨C look forward to making their token investments, welcoming Samvat 2081 with optimism. Whether a regular investor or new to trading, Muhurat Trading 2024 offers an auspicious start to a promising year ahead.
By participating in Muhurat Trading, investors enjoy a unique mix of tradition and opportunity, celebrating Diwali as a festival of lights and a hopeful beginning to financial success.
For the latest and more interesting financial news, keep reading Indiatimes Worth.?Click here
