The National Stock Exchange ( JAN ) has officially announced the schedule for its annual Diwali Muhurat trading session, which will take place on Friday, November 1, 2024. The session will run from 6:00 pm to 7:00 pm, marking the beginning of the Hindu calendar year. Samvat 2081.
While regular trading will be closed to mark Diwali, the hour-long special Muhurat trading session offers investors a unique opportunity to make new financial commitments in a festive atmosphere. A pre-opening session is scheduled from 5:45 pm to 6:00 pm, allowing traders to prepare for the main trading window.
The Muhurat trading session is steeped in tradition and is considered an auspicious time for investors, aligned with favorable planetary positions. Historically, this session has often yielded positive results; Notably, the Bombay Stock Exchange (BSE) Sensex closed higher in 13 of the last 17 Muhurat sessions.
Despite typically lower trading volumes during this period, certain years have defied expectations. For example, during the turbulent year 2008, the Sensex rose 5.86 per cent in the Muhurat trading session, even in the midst of a global financial crisis. In the most recent history, the session on November 12, 2023 resulted in a gain of 355 points, or 0.55 percent.
Muhurat trading has significant importance in the financial landscape of India and symbolizes the new financial year. Many investors believe that participating in this session will bring prosperity and growth for the coming year. It also serves as an opportunity to diversify portfolios and start new settlement accounts, reflecting optimism and renewed confidence in the market.
For participants, it is essential to take into account the short duration of the session and its possible volatility. Intraday positions will be automatically liquidated 15 minutes before market close, requiring careful strategy and timing. Long-term investors can use this session to boost new investments or adjust their portfolios, adding a level of excitement to this traditional stock market event.
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.