Muhurat Trading 2024: All You Need to Know About This Special Diwali Tradition
With Diwali just around the corner, the much-anticipated Muhurat trading session is set to light up the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) for a brief, auspicious hour on Friday, November 1. Muhurat trading, held annually on Laxmi Puja during Diwali, is a unique tradition with a rich history rooted in Indian culture and beliefs about prosperity.
Muhurat trading marks the beginning of the new financial year on the Hindu calendar, which will be Samvat 2081 this year. The session, believed to bring prosperity and wealth, is a popular time for traders and investors to make purchases and renew their commitment to growth. The BSE was the first exchange to formalize this special trading window, and it has been a celebrated tradition ever since, with the NSE following suit.
Muhurat Trading Timings for 2024
- Date: Friday, November 1
- Session Timing: 6:00 PM to 7:00 PM
- Pre-Open Session: 5:45 PM to 6:00 PM
The Muhurat trading session includes various market segments like equity, commodity derivatives, currency derivatives, equity futures and options (F&O), and securities lending and borrowing (SLB). The Multi Commodity Exchange of India (MCX) will also observe Muhurat trading with a client code modification session scheduled from 6:00 PM to 7:15 PM.
A Glimpse into the Tradition
Muhurat trading is not just about profit; it’s also about honoring tradition. It signifies a fresh start for the financial year in India, and many investors believe that investments made during this time bring prosperity for the year ahead. The session is steeped in cultural significance, as people worship Goddess Lakshmi and pray for wealth and success in the upcoming year.
Muhurat Trading: Why It Matters
Despite its short duration, the Muhurat trading session draws significant participation from traders and investors alike. It’s not just a financial event; it’s also a symbolic time to start afresh, and even those new to trading often consider entering the market during this session due to its auspicious nature.
Key Takeaways for Investors
- No Regular Trading: Regular trading sessions will remain closed on Diwali, with only the one-hour Muhurat session scheduled.
- Start of Samvat 2081: This year’s Muhurat trading session will kick off the Hindu financial year Samvat 2081, making it a significant time for traditional investors.
- Wide Market Participation: The session includes equities, derivatives, and more, allowing investors to trade across market segments.
Muhurat trading is a beautiful blend of finance and tradition, giving investors a unique opportunity to start the new financial year on an auspicious note. So, if you’re planning to invest, Friday evening might be the perfect time!
Reference from:- https://www.hindustantimes.com/education/admissions/certificate-programme-in-data-science-machine-learning-gain-expertise-in-ai-driven-technologies-to-boost-your-career-101728977639281.html