October 21, 2024
New Delhi, India
Muhurat Trading Session 2024
The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will conduct their annual Diwali Muhurat trading session on Friday, November 1, 2024, from 6:00 PM to 7:00 PM. This event celebrates the beginning of Samvat 2081, the Hindu calendar year, and is considered an auspicious time for trading.
Muhurat Trading Significance
The Diwali Muhurat trading session marks the start of the new Hindu financial year. It is a symbolic occasion where many believe trading during this ‘Muhurat,’ or auspicious hour, brings prosperity and growth. While regular trading will remain closed for the day, a one-hour window is reserved for this special session.
Schedule Details
- Date: November 1, 2024
- Pre-Open Session: 5:45 PM – 6:00 PM
- Muhurat Trading Session: 6:00 PM – 7:00 PM
Market Traditions
Stockbrokers in India treat Diwali as the beginning of their financial year, and many investors use the opportunity to make portfolio adjustments, often viewing it as a good time to start new ventures. Though trading volumes tend to be low during this brief session, historically, the BSE Sensex has closed higher in 13 out of the last 17 such events.
Historical Performance
The 2008 Diwali Muhurat session stands out, where the Sensex surged by 5.86%, closing at 9,008. However, the broader market remained volatile throughout the global financial crisis.
Disclaimer:
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