The NSE and BSE will host their annual Diwali Muhurat Trading 2024: session on Friday, November 1, 2024, from 6:00 PM to 7:00 PM. This special session marks the beginning of the Hindu calendar year Samvat 2081, celebrating new beginnings and prosperity in the financial markets.
Diwali Muhurat Trading 2024: NSE and BSE to Host Special Session on November 1
As per trusted news website livemints,The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will conduct their annual Diwali Muhurat trading 2024 session on Friday, November 1, 2024, from 6:00 PM to 7:00 PM. This special trading event commemorates the beginning of the Hindu calendar year Samvat 2081.
Significance of the Muhurat Session
The Diwali Muhurat trading 2024 marks the start of the new Samvat, which commences on Diwali. It is widely believed that trading during this auspicious hour brings prosperity and financial growth to participants, making it a significant event in the financial calendar.
Trading Schedule and Pre-Opening Session
While the market will be closed for regular trading on Diwali, a special one-hour trading window will be available in the evening. A pre-opening session is scheduled from 5:45 PM to 6:00 PM, allowing participants to prepare for the Muhurat trading session that follows from 6:00 PM to 7:00 PM.
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Why Participate in Muhurat Trading?
Market experts highlight that Diwali is traditionally regarded as an auspicious time to launch new ventures. Participating in the Diwali Muhurat trading 2024 session is believed to bring benefits to investors throughout the year. However, with only one hour of trading, the markets can experience volatility, emphasizing the symbolic gesture of starting anew rather than immediate profitability.
Segments Available for Trading
During this hour, trading will take place across various segments, including equity, commodity derivatives, currency derivatives, equity futures and options, and securities lending and borrowing (SLB).
Historical Performance of Muhurat Trading
Historically, investors have often reaped positive returns, with the BSE Sensex closing higher in 13 out of the last 17 special sessions. While these sessions typically show strong performance for equity indices, trading volumes tend to be low, resulting in fewer stocks making significant moves during the brief trading period.
Notable Exception: 2008 Muhurat Trading Session
A notable exception occurred in 2008, when the Sensex exceeded even the most optimistic predictions by soaring 5.86% during the one-hour session, closing at 9,008. However, it remained largely range-bound for the rest of the year due to the unfolding global financial crisis.
Why Is Muhurat Trading Important?
In India, Diwali Muhurat trading 2024 holds significant cultural and financial importance. Stockbrokers view Diwali as the start of their financial year, making this trading session a symbolic occasion. Many investors seize the opportunity to buy stocks during this auspicious hour, believing it will usher in prosperity for the year ahead.
Embrace New Opportunities This Diwali
Moreover, Diwali Muhurat trading 2024 offers traders a chance to diversify their portfolios and explore new investment avenues. By participating in this special session, investors can not only make strategic trades but also embrace the festive spirit of Diwali, reinforcing the belief that starting new ventures during this time will yield positive results.
Join the Muhurat Trading Session This Diwali!
Although largely symbolic,Diwali Muhurat trading 2024 typically attracts active participation, with many seasoned investors using the opportunity to adjust their portfolios. Given its brief duration, market movements can often be volatile.
In addition to marking the new year, Muhurat Trading symbolizes optimism and growth for the upcoming business season. It fosters confidence in the stock market and embodies the spirit of prosperity for the year ahead.
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