NSE, BSE to hold Muhurat trading session today; Check the time and other details

Muhurat Trading 2024: On the occasion of Diwali 2024, the Indian stock market is gearing up for its annual Muhurat trading session, a special one-hour event that coincides with the Festival of Lights. According to the latest information from the Indian stock exchanges, this year’s Muhurat Trading will be held today (November 1, 2024) from 6:00 PM to 7:00 PM. Also, although trading will take place during this hour, trade changes will be allowed until 19:10. This makes the Muhurat trading session a great opportunity for investors to tap into the market at this auspicious time.

People who wish to participate in Muhurat Trading should be aware that all intraday positions will be automatically squared 15 minutes before the session closes, so it is important to carefully plan the trades on the same day.

Why Muhurat trading session is important?

In India, stockbrokers consider Diwali as the start of their financial year, and many investors believe that buying stocks during this auspicious period encourages prosperity for the coming year. This time also provides traders with an opportunity to diversify their portfolios and open new current accounts.

Although largely symbolic, Muhurat Trading attracts a significant number of participants, with sophisticated investors seizing the chance to recalibrate their portfolios. However, market fluctuations can be quite volatile due to their short duration.

As the time approaches, seasoned investors and newbies alike look forward to this festive market event.

Stock market results on Muhurat Trading

Historically, the BSE Sensex has closed higher in 13 of the last 17 Muhurat trading sessions. The most notable rise was in 2008, when the Sensex rose 5.86 percent to 9,008. Despite the generally positive performance of equity indices during these sessions, trading volumes tend to be low and only a few stocks experience significant changes in such a short period of time. period of time