As Diwali approaches, it brings with it the unique tradition of Muhurat Trading, a special hour for stock market transactions held annually on Diwali. This session marks the beginning of the Hindu financial year, Samvat 2081, and is a time when investors come together to make auspicious trades, symbolizing prosperity for the year ahead. Here’s a comprehensive guide to the timings and what you can expect this year.
Muhurat Trading Schedule
The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have set the Muhurat Trading session for November 1, 2024, from 6:00 PM to 7:00 PM. The session provides an opportunity for both seasoned and new investors to engage in the market during an auspicious period. Here’s the full timetable:
- Pre-Opening Session: 5:45 PM to 6:00 PM
- Block Deal Window: 5:30 PM to 5:45 PM
- Muhurat Trading: 6:00 PM to 7:00 PM
- Closing Session: 7:00 PM to 7:10 PM
- Post-Closing Period: 7:10 PM to 7:20 PM
What is Muhurat Trading?
Muhurat Trading has deep cultural significance, aligning with the start of the new financial year in the Hindu calendar. Conducted during a special auspicious hour, this trading session is believed to bring prosperity. Traditionally, brokers and investors use this opportunity to begin the financial year on a positive note, often accompanied by Lakshmi Puja to invoke the goddess of wealth for successful investments.
Confusion Around Diwali Dates
This year, there’s some uncertainty surrounding the exact date of Diwali, with different Hindu scholars suggesting either October 31 or November 1 for Lakshmi Puja. However, the stock exchanges have finalized November 1, 2024, as the official day for Muhurat Trading, helping investors plan without confusion.
How to Participate in Muhurat Trading
Since it’s only an hour, planning ahead is essential. New investors should set their trades in advance to avoid missing out, while seasoned traders often use this time to make strategic investments. Muhurat Trading is considered especially lucky for starting new investment accounts or making the first trade of the year. Online and mobile trading options make it easier for participants to engage in the session from home while celebrating Diwali with family.
Key Takeaways:
| Session | Time |
|---|---|
| Pre-Opening | 5:45 PM – 6:00 PM |
| Block Deal Window | 5:30 PM – 5:45 PM |
| Muhurat Trading | 6:00 PM – 7:00 PM |
| Closing | 7:00 PM – 7:10 PM |
| Post-Closing | 7:10 PM – 7:20 PM |
Embrace this special trading opportunity on Diwali with BSE and NSE as we step into Samvat 2081. Whether you are a new investor or a seasoned one, Muhurat Trading provides a symbolic and potentially profitable start to the financial year.
Something went wrong. Please refresh the page and/or try again.
