Diwali Muhurat trading 2024: Know date, timings and other details here
The NSE and BSE stock exchanges will hold their annual Diwali Muhurat trading session on Friday, 1 November 2024, from 6:00 PM to 7:00 PM, to celebrate the start of the Hindu calendar year Samvat 2081. Although the market will be closed for regular trading in honour of Diwali, a special trading window will be open for just one hour in the evening.
Diwali Muhurat Trading 2024 Date And Timings: The Stock Markets (BSE and NSE) will open for one hour on Friday, November 1 for the Muhurat Trading session on Diwali 2024.
Muhurat Trading is a one-hour trading session that takes place on Diwali, a Hindu festival. Investors typically buy stocks during this time as a way to start the new year off on a good note. Some investors buy stocks for their children as a long-term investment, while others book their intraday profits.
What is the Muhurat trading date?
This year's Muhurat trading will take place on Friday, November 1, 2024, celebrating the start of the Hindu calendar year Samvat 2081. Unlike regular weekdays, Muhurat Trading is limited to just a one-hour window at a predetermined time.
Diwali Trading Muhurat 2024 Timings
Take a look at the Muhurat Trading time, 2024 for both BSE and NSE:
Event | Timings |
---|---|
Diwali Muhurat Trading Date | Friday, November 1, 2024 |
Block Deals | Start Time: 5:30 PM End Time: 5:45 PM |
Pre-Open Session | Start Time: 5:45 PM End Time: 6:00 PM |
Muhurat Trading | Start Time: 6:00 PM End Time: 7:00 PM |
Closing Session | Start Time: 7:10 PM End Time: 7:20 PM |
The stock markets (BSE and NSE) will open for one hour on Friday, 1st November for the Muhurat Trading session on Diwali 2024.
Muhurat Trading is a special one-hour session held during Diwali, a major Hindu festival. Many investors buy shares during this time to mark the start of the new financial year on a positive note. Some buy stocks for their children as a long-term investment, while others aim to secure short-term profits.
What are the rules of Muhurat trading?
Muhurat Trading follows the same rules and regulations as regular trading. This special session lasts for one hour and takes place in the evening on Diwali. During this time, the market is open for trading in equities, derivatives, and currency derivatives.
Muhurat Trading 2024: History & Significance
Muhurat trading is a one-hour session that takes place on Diwali, the Hindu festival of lights. It is a traditional practice that has been followed for centuries by traders in India. The word "Muhurat" means "auspicious time" in Sanskrit, and it is believed that trading during this period brings wealth and prosperity for the year ahead.
The origins of Muhurat trading go back to ancient India. It is said that King Vikramaditya introduced this practice during his reign, believing that starting Diwali Muhurat trading would bring prosperity to his kingdom. Over the years, it has become a valued tradition among traders.
The Bombay Stock Exchange (BSE) first held Muhurat trading in 1957, and the National Stock Exchange (NSE) began the practice in 1992. The time for Muhurat trading is determined by astrologers and is announced by the stock exchanges in advance. It usually takes place in the evening after the Lakshmi Puja ceremony.
The Muhurat Trading session is split into the following parts:
On Diwali, both the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) allow trading for a short period. The session is typically broken down into the following segments:
- Block Deal Session: Two parties agree to buy or sell a security at a fixed price and report it to the stock exchange.
- Pre-Open Session: The stock exchange works out the equilibrium price, usually taking about eight minutes.
- Normal Market Session: A one-hour period where most of the trading happens.
- Call Auction Session: Illiquid securities are traded. A security is considered illiquid if it meets the criteria set by the exchange.
- Closing Session: Traders and investors can place market orders at the closing price.
Historical Performance of Muhurat Trading
Muhurat trading has shown mixed results over the years. Some years have seen the stock market finish higher on Muhurat trading day, while in others, it has closed lower. However, in the long run, the stock market has generally done well on this day.
For instance, over the past 10 years, the BSE Sensex has risen 7 times on Muhurat trading day and fallen 3 times. The average return during this period has been 0.83%.
It's important to remember that Muhurat trading is symbolic and traditional, and should not be seen as a sure way to make profits. Traders and investors should always do their own research before making any investment decisions.
Happy Diwali 2024 WhatsApp status
- With the shining of diyas and the echoes of the chants, may the prosperity and happiness of this festival of lights fill our lives on this auspicious day. Shubh Deepavali to you and your family.
- Shine like sparkles, glow like candles and burn all the negativity like crackles. Wish you all a very lovely & cheerful Diwali.
- All the lights of the world cannot be compared even to a ray of the inner light of the self. Merge yourself in this light and enjoy the festival of lights.
- May your life get fulfilled with prosperity, success, wisdom and wealth. Wishing you a Happy Diwali!
- I pray all your happiness and blessings are multiplied by God in this festival of lights. I wish you a happy Diwali- Have a safe and sound Diwali.
- Diyas are here to help you light up your life, decorations to help you beautify and make all your problems disappear, and sweets to add that special something to your life. We wish you a joyous Diwali.
- Light diyas and have good food with your loved ones. Happy Diwali!
- May the millions of lamps of Diwali illuminate your life with happiness, joy, peace, and health. Wish you and your family a very prosperous Diwali.
Heartfelt Diwali wishes for everyone
- Wishing you a Diwali filled with endless joy, love, and peace. May every lamp you light bring warmth into your heart and every firework spark a new dream for the year ahead. Happy Diwali to you and all those dear to you!
- This Diwali, may the lights guide your path, the sweets fill your days with sweetness, and the celebrations bring you closer to those you love. May you find prosperity in all you do and be surrounded by warmth and joy. Have a wonderful Diwali!
- Sending you and your family a Diwali filled with endless happiness, laughter, and memorable moments. May the festival of lights shine brightly in your life and bring you closer to the dreams you've held dear. Happy Diwali, with love and warmth!
- May this Diwali mark the beginning of new adventures, cherished memories, and boundless blessings for you and your loved ones. Here¡¯s to a Diwali that¡¯s filled with light, laughter, and everything that makes you smile. Have a beautiful celebration!
- Wishing you a Diwali that brings hope into every corner of your life and strength to overcome any challenges you face. May each lamp be a reminder of the love and joy that surround you. Have a Diwali filled with happiness and peace!
- This Diwali, I pray that the joy of the festival brings you inner peace, contentment, and a heart full of love. May your days be filled with the warmth of family, the company of friends, and endless reasons to smile. Happy Diwali to you and your loved ones!
- Happy Diwali! May this festival of lights illuminate your life with love, prosperity, and health. May the bond of the family grow stronger, and may happiness find its way to your home every day. Sending you endless Diwali blessings and warmth!
- As you celebrate this Diwali, may the light of the lamps bring brightness into your days, and may the laughter of loved ones fill your home. Here¡¯s to a festival that brings you all you wish for and a year filled with success and love. Happy Diwali!
- Wishing you a Diwali that¡¯s as joyous as it is peaceful. May every candle you light bring warmth, may every sparkler bring you joy, and may you be surrounded by the people who make your heart feel full. Happy Diwali, my dear!
- This Diwali, may the light of every diya bring with it good fortune, and may the love of family and friends surround you. May your dreams be ignited like the brightest firework, and may you find happiness in every moment. Have a magical and beautiful Diwali!
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