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Muhurat Trading is a special one-hour trading session held annually on Diwali, the festival of lights, in the Indian stock market. This event, rooted in tradition and symbolism, is seen as a way to invite prosperity and good fortune for the coming year. For 2024, the Muhurat Trading session has been scheduled for November 1st, from 6:00 PM to 7:00 PM, as announced by the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).
The significance of Muhurat Trading goes beyond the mere act of trading. In India, Diwali is considered the beginning of the financial year for stockbrokers. This tradition, passed down through generations, adds a layer of sentimental value to the Muhurat Trading session. Many investors believe that purchasing stocks during this auspicious period will bring them good luck and financial success in the year ahead.
While the symbolism plays a significant role, Muhurat Trading also presents a practical opportunity for investors to adjust their portfolios and make strategic decisions. The session provides a platform for traders to diversify their investments, open new settlement accounts, and capitalize on the festive market sentiment. However, it's important to remember that the short duration of the session can lead to increased volatility, making careful planning and risk management crucial.
With November 1st approaching, both experienced and novice investors are eagerly awaiting this festive market event. Muhurat Trading, while steeped in tradition, remains a significant trading opportunity for those seeking to leverage the auspicious occasion and set the tone for the upcoming financial year.
Source: Muhurat Trading 2024: Date, time, other details you must know this Diwali