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Diwali Muhurat trading 2024 date and time: Why is it special for stock market traders, its significance and more

According to the National Stock Exchange (NSE) notification, the Muhurat trading session will be held on Friday, November 1.

October 30, 2024 / 13:41 IST
Diwali Muhurat trading 2024 date and time: Why is it special for stock market traders, its significance and more.

As the festival of lights, Diwali, ushers in prosperity and joy, investors across India are preparing for a fresh financial start with the much-anticipated Diwali Muhurat trading session.

More than a symbolic tradition, this unique trading window signifies the beginning of Samvat 2081, offering market participants an auspicious opportunity to lay foundations for a fruitful investment year.

The Indian equity market has already rewarded investors handsomely this year. The Nifty index hit a peak of 26,277, though recent corrections have tempered the rally amid Foreign Institutional Investor (FII) outflows surpassing Rs 90,000 crore in October alone. Despite this, the Diwali Muhurat session on November 1 is viewed by many as a turning point, marked by cautious optimism and strategic positioning.

Special Trading Session to Mark Diwali

According to the National Stock Exchange (NSE) notification, the Muhurat Trading session will be held on Friday, November 1. Conducted during the evening of Lakshmi Puja, this brief session is not merely ceremonial; it reflects the blessings of Goddess Lakshmi for financial success and prosperity in the coming year.

Muhurat TradingStart TimeEnd Time
Pre Open17:4518:00
Normal Market18:0019:00
Block Deal Session17:3017:45
Special Preopen Session ** (For IPO & Relisted security)17:4518:30
Normal market open time for stocks in special preopen session18:4519:00
Call Auction Illiquid session18:0518:50
Closing Session19:1019:20
Trade Modification cut-off time18:0019:30
Diwali Muhurat Trading 2024 Significance 

In line with tradition, retail investors and institutions alike make small but meaningful trades, marking the session with positive sentiment rather than high volume. Even those who aren’t active traders often place token investments, believing these bring fortune and financial gains for the year ahead.

Characterised by relatively low trading volumes but strong optimism, Muhurat Trading is a staple of India’s financial culture. Over the years, it has consistently shown positive trends, with stocks often closing on an upbeat note, adding to the celebratory mood. For many investors, this session serves as both a reflection of the year gone by and a hopeful start to the year ahead.

Moneycontrol News
first published: Oct 30, 2024 01:05 pm

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