Ready for Muhurat Trading 2024: Date, Time, and Know Why It Matters for Investors (Representative image/Reuters)
Muhurat Trading 2024 Date: The mood during Muhurat trading is generally upbeat
Muhurat Trading 2024 Date: Muhurat Trading is a special, symbolic stock market trading session in India that takes place on the occasion of Diwali, the festival of lights. The term “muhurat” refers to an auspicious time, and trading during this period is believed to bring prosperity and good fortune to traders and investors.
Muhurat Trading is not just about financial gains but about following tradition and beginning a prosperous new year in the stock market. It’s important to keep in mind that Muhurat Trading is a one-hour session, during which market movements can be volatile.
Key Features of Muhurat Trading, What Happens In Muhurat Trading?
- Special Timing: It is usually held in the evening for about an hour on Diwali day, which marks the start of the new financial year in the Hindu calendar.
- Auspicious Occasion: The session coincides with Lakshmi Puja, dedicated to the Hindu goddess of wealth, Lakshmi.
- Participation of Traders and Brokers: Investors, both big and small, actively participate, including institutional investors and family-run trading accounts. Many traders place symbolic buy or sell orders.
- Pre-defined Session: The stock exchanges in India (NSE and BSE) announce the exact time of the session in advance.
Muhurat Trading 2024 Date and Time
As of now, there has been no official announcement regarding the timing of Muhurat Trading. Both the BSE and NSE are expected to release the details soon. However, the date has been confirmed as November 1, 2024.
As per a few reports, this special one-hour trading session for Diwali is scheduled from 6:15 PM to 7:15 PM.
Importance of Muhurat Trading:
- Symbolism of Prosperity: It is seen as a ritual to invite wealth and prosperity, marking the start of a new financial year for some traders.
- Sentiment over Strategy: Many investors make purchases during Muhurat Trading as a symbolic gesture, driven more by tradition than by strategic investment motives.
- Positive Market Sentiment: The mood during Muhurat trading is generally upbeat, with many investors expecting positive returns from stocks bought on this day.
- Low Volatility, High Sentiment: Although trading volumes might be lower compared to normal sessions, the sentiment is generally optimistic, with many seeing the day as a good omen for the year ahead.
When Did Muhurat Trading Begin?
Muhurat Trading was officially recognised when the BSE introduced it in 1957. The NSE followed suit in 1992. Today, most brokers offer investors the opportunity to participate in this special trading session.
