Muhurat Trading 2024: Date and Time
As Diwali 2024 approaches, the Indian stock market is preparing for its annual Muhurat Trading session, a special one-hour trading event held on the festival of lights. This year’s session is scheduled for November 1, 2024, from 6:00 PM to 7:00 PM. However, traders can modify their trades until 7:10 PM.
Important Details
- Muhurat Trading Date: November 1, 2024
- Trading Time: 6:00 PM to 7:00 PM
- Trade Modification Deadline: 7:10 PM
Participants should remember that all intraday positions will automatically close 15 minutes before the session ends, so planning is essential for same-day trades.
Significance of Muhurat Trading
In India, many stockbrokers consider Diwali as the start of their financial year. Investors often buy stocks during this time to invite good fortune for the upcoming year. It’s also a chance for traders to diversify their portfolios and open new accounts.
While largely symbolic, Muhurat Trading usually sees active participation, with experienced investors using the time to adjust their holdings. However, because the session is short, market fluctuations can be volatile.
Historical Performance
Historically, the BSE Sensex has risen in 13 of the last 17 Muhurat trading sessions. The most significant increase was in 2008, when the Sensex jumped 5.86% to reach 9,008 points. Even though equity indices generally perform well during these sessions, trading volumes tend to be low, and only a few stocks show noticeable movement in such a brief timeframe.
With the Muhurat Trading session on the horizon, both seasoned investors and newcomers are eagerly awaiting this festive trading event.
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