Is the stock market open or closed on Dhanteras? Find out the details here

October 29, 2024 marks the auspicious first day of the Diwali Dhanteras festival and investors and traders want to know about the state of the stock market. The Bombay Stock Exchange (BSE) has announced that the stock market will be open today. The decision comes in line with the exchange’s holiday calendar, which will see trading continue as normal, allowing market participants to trade equities and derivatives.

Despite this, the stock market will be closed on Friday, November 1, 2024, in observance of Diwali and Lakshmi Puja. This festival is important because it is one of the most famous festivals in India and many worship Goddess Lakshmi for wealth and prosperity. The closure also extends to the National Stock Exchange (NSE) and the commodity market, including the Multi Commodity Exchange of India (MCX), which has also declared a holiday for the day.

Apart from regular trading, Muhurat Trading will also be held on November 1. This is a unique one-hour trading session, which is considered a favorable time to start new investments; it is between 6pm and 7pm. It is the beginning of a new financial year in the Hindu calendar, Samvat 2081.

Dhanteras itself is marked by the worship of Dhanvantara, an avatar of Vishnu, who is worshiped as the god of health and medicine. Buying gold or silver items is a sign of good luck, marking the day. If you are trading today or on Muhurat Trading, keep these dates in mind to maximize the stock market this holiday.