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What is Muhurat Trading 2024? Know the Date, Timing, and Significance of This Diwali Trading Event

Muhurat Trading is a one-hour session on Diwali, symbolizing an auspicious time for stock trading based on astrological beliefs, held during the Laxmi Pujan period for good fortune.

The festive season is here, and as India celebrates, investors eagerly anticipate the Muhurat Trading session held annually during Diwali.

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Understanding Muhurat Trading

‘Muhurat’ refers to an auspicious time determined by planetary positions in Hindu astrology. It is believed to be a favorable time for new beginnings, bringing good fortune. In line with this tradition, Muhurat Trading is a special one-hour session held on Diwali evening during Laxmi Pujan, symbolizing the start of the new Samvat year.

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Significance of Muhurat Trading

This session is a symbolic one-hour window where the BSE and NSE are open, allowing investors to trade stocks, futures, and options. Muhurat Trading this year marks the beginning of Samvat 2081. While it is mainly ceremonial, it holds great cultural importance for investors in India.

Muhurat Trading Schedule

In 2024, Muhurat Trading will take place on Friday, November 1, from 6:15 pm to 7:15 pm. A pre-open session of 15 minutes will also be conducted. Trades made during this session are settled on the same day.

Also Read: SEBI Proposes Demat Accounts for Associations of Persons to Enhance Electronic Security Holdings; Check Details

Holiday on Diwali

It’s important to note that regular trading hours will not be observed on November 1 due to the Diwali holiday.

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Importance to Investors

Many believe that trading during this session brings prosperity for the year ahead. It is also a common time for stockbrokers to open new accounts and for investors to make strategic buys.

For seasoned investors, Muhurat Trading offers a chance to diversify by adding new stocks or increasing current holdings, though market volatility may be higher during this brief session.

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