Diwali Muhurat Trading 2024: Markets to Open for One Hour on Lakshmi Pujan Day
Mumbai – As per tradition, the Indian stock markets will open for a special Diwali Muhurat Trading session on November 1, 2024, marking an auspicious start to the new financial year according to Hindu customs. This one-hour session, held on Lakshmi Pujan day, is a significant event for traders and investors alike, symbolizing prosperity and growth.
The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed for regular trading on November 1 due to the public holiday. However, they will both conduct a one-hour Muhurat Trading session in the evening, giving investors an opportunity to make symbolic trades during the most auspicious time of the year.
What is Muhurat Trading?
Muhurat trading is a unique Indian stock market tradition that dates back to 1957 on the BSE and 1992 on the NSE. It is held on the evening of Diwali, considered the most prosperous day in the Hindu calendar. Investors, traders, and even novices participate in this session with the belief that trades made during this time will bring wealth and success throughout the coming year.
For many, it is not just a financial exercise but a symbolic gesture to honor Goddess Lakshmi, the goddess of wealth. The markets are opened for one hour, during which equities, commodities, and bonds can be traded.
When and Where Will Muhurat Trading Take Place?
The Diwali Muhurat Trading 2024 session is scheduled for November 1, 2024, with trading hours from 6:15 PM to 7:15 PM IST. This hour is considered highly auspicious for new beginnings, and many investors make fresh investments during this time.
The session will include:
- Pre-market settlement: Starting at 6:00 PM
- One-hour trading window: 6:15 PM to 7:15 PM
- Post-market settlement: After 7:15 PM
Both BSE and NSE will offer trading opportunities in equities, equity derivatives, commodities, bonds, and currency markets. It is a moment when seasoned investors reflect on their portfolios and new investors symbolically enter the market, hoping for a prosperous year ahead.
The Significance of Muhurat Trading
Diwali is a time of new beginnings, and muhurat trading is believed to bring financial growth and stability. The tradition has become a significant cultural practice for many Indian traders who consider the session a way to express gratitude for the wealth they have accumulated and to seek blessings for continued financial success.
Participating in this one-hour window has also become a ritual for large financial institutions and individual retail investors. Stocks bought during this time are often held for sentimental reasons and symbolized as lucky trades.
Key Points to Remember
- Date: November 1, 2024
- Time: 6:15 PM to 7:15 PM IST
- Tradition: Symbolic trading during the auspicious time of Diwali, believed to bring prosperity
- Market Status: Closed for regular trading, open for one hour of Muhurat Trading
- Significance: A special session to mark the financial year’s new beginning, with high trading activity anticipated due to the traditional belief in auspicious gains.
Start Planning for Diwali Muhurat Trading 2024
With Diwali Muhurat Trading just around the corner, investors should begin identifying the stocks and sectors they want to focus on during this special session. The one-hour trading window offers an opportunity to not only participate in a deeply rooted tradition but also to potentially light up your portfolio with well-thought-out investments.
As Diwali approaches, traders are encouraged to plan ahead and make the most of this Muhurat Trading 2024 session by aligning their investment strategies with the symbolism of prosperity and new beginnings.
