Muhurat trading is not just a trading session, but it is a symbol of cultural significance and financial opportunity. The festive season of Diwali has started and investors and traders eagerly wait for this time. It is considered an auspicious time for financial activities. The Muhurat trading session to be held on 1 November 2024 is a special opportunity for investors. During this time, brokerage houses traditionally recommend stocks for the upcoming Samvat year, which investors use for their trading.
What is the importance of Muhurat trading?
Muhurat Trading is a special session held every year on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on the day of Diwali. This session is about an hour long and is seen as the beginning of the traditional Hindu accounting year ‘Samvat’. The word ‘Muhurat’ means auspicious time and taking new projects or financial decisions during this time is considered auspicious.
This session is not only important from the point of view of financial gain, but it also holds cultural and spiritual significance. Investors trade during Diwali, which symbolizes the victory of light over darkness, to welcome prosperity and success in the new year. This session helps in starting the new financial year on a positive note.
Know the importance of traditions
Before Muhurat trading, many brokers and traders performed Chopra Puja, in which they worship their account books and trading instruments. This ritual is performed to seek blessings for a prosperous financial year. Apart from this, many investors perform Lakshmi Puja, which is dedicated to Goddess Lakshmi, the goddess of wealth and prosperity.
Muhurat trading timings this year
- Muhurat trading for the year 2024 is scheduled for Friday (1 November 2024). The timings are as follows-
- Pre-Open: 5:45 pm to 6:00 pm
- Market Open: 6:00 pm to 7:00 pm
- Closing Session: 7:10 pm to 7:20 pm
- The Muhurat trading session concludes with a festive atmosphere, adding to the Diwali fervor on the trading floor.
