Is the Diwali Muhurat trading date 2024 on October 31 or November 1? Check date, time and other details

Diwali Muhurat Trading 2024: As India prepares for the festive season, stock markets are gearing up for the annual Muhurat trading session, a unique hour-long event held on Diwali.

Date and time for Muhurat trading 2024

According to the information available on the BSE website, the exchanges have fixed the Muhurat trading timing on November 1 from 6:00 pm to 7:10 pm.

Participants should be aware that all intraday positions will be automatically settled 15 minutes before the end of the session. This requires careful planning for those conducting same-day business.

Why is muhurat trading important?

Stock brokers in India consider Diwali as the beginning of their new financial year. Many investors believe that buying stocks during this session will bring prosperity for the coming year. It is also an opportunity for traders to diversify portfolios and open new settlement accounts.

Although it is a symbolic event, active participation often occurs in Muhurat Trading and many experienced investors take advantage of this opportunity to adjust their holdings. However, due to the short duration, market movements can be volatile.

Muhurat Trading not only marks the New Year but also represents optimism and growth in the coming business season. The session boosts confidence in the stock market and reflects the spirit of prosperity for the coming year.

As November 1st approaches, both experienced investors and newbies are eagerly awaiting this festive market event.

Market performance during Diwali Muhurat trading session

At this hour, trading takes place in various segments including equities, commodity derivatives, currency derivatives, equity futures and options, and securities lending and borrowing (SLB).

Historically, investors have enjoyed positive returns with the BSE Sensex closing higher in 13 of the last 17 special sessions. Despite the generally strong performance of stock indices during these sessions, trading volumes were typically light and few stocks made significant moves within the short window.

However, in 2008, the Sensex exceeded even the most optimistic expectations, gaining 5.86% during the hour-long session. The price closed the day at 9,008, although it remained largely volatile for the rest of the year due to the global financial crisis.