Are Indian markets open on Diwali day? The answer is yes Muhurat trading will be undertaken by both NSE and BSE. Know details of trade timing and its significance.
Diwali Muhurat Trading 2024: Like every year, the Indian stock markets will have a special trading session on Diwali day. The exchanges will conduct a special Muhurat trading session on November 01, 2024. The trading will be conducted across various segments: equities, commodities, currency derivatives, securities lending and borrowing, and equity futures and options.
What are the stock market trading hours on Diwali day?
The stock exchanges will conduct the unique Muhurat Trading session from 6 – 7 pm on November 1, as per a circular on the NSE and BSE’s website. Point to be taken care of, all the intra-day positions will be automatically squared off 15 minutes ahead of the closing.
What is Muhurat Trading?
Muhurat Trading is conducted on Laxmi Pujan day during Diwali. It is seen as an auspicious time to start new endeavours, including investing in the stock market. Investors and traders believe that buying during the muhurat period will result in prosperity and good fortune for the year ahead. On Diwali, traders sometimes even create new settlement accounts.
Significance of Muhurat Trading
The importance of Muhurat trading stems from the fact that it provides investors with the opportunity to embark on their investment journey during an auspicious time. Goddess Laxmi is traditionally considered the Goddess of Wealth and traders consider it auspicious to kick start the new year with her blessings
Many seasoned investors also take this opportunity to incorporate new stocks into their portfolios or boost their investments in stocks they already own. This presents an excellent opportunity for seasoned investors to broaden their portfolios by introducing new stocks or expanding their current positions.
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