Muhurat Trading is a special, one-hour trading session conducted every year on Diwali to mark the beginning of a prosperous and auspicious period for investors, marking a fresh financial start in the Hindu New Year. This year, the BSE and NSE have announced that the Muhurat Trading session will be held from 6:00 PM to 7:00 PM on November 1, preceding it by a 15-minute pre-opening session. Participants can continue modifying trades until 7:10 PM after the session officially ends at 7:00 PM. To help manage the limited timeframe all intraday positions will be squared off automatically 15 minutes before the session closes.
A Merry Financial Year Start
The domestic stock exchanges, National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), will host Muhurat Trading in various segments, including equity, commodity derivatives, currency derivatives, and futures and options. For many stockbrokers in India, Diwali marks the beginning of their financial year. It’s a day where seasoned investors and newcomers alike view trading as a way to welcome prosperity and luck for the coming year. Traditionally, Muhurat Trading allows participants to take the opportunity to make fresh investments or adjust their portfolios in line with the new year’s financial goals.
Highlights of Muhurat Trading 2024
For 2024 the session will open all segments which is equity, commodities, currency derivatives, and futures. Options for trading with modification will be allowed until 7:10 PM. This Muhurat Trading will be quite important in Indian financial scenarios because it gets the values of culture involved with finance. This hour window does a lot more than just emphasizing hope for the year because it offers a taste of Diwali's approach to welcome prosperity, success, and wealth. As an investment strategy, several people take part in Muhurat Trading. As Samvat 2081 begins, market experts expect a slower growth. While the previous year, Samvat 2080 saw strong economic performance. Experts also predicts that this year may bring modest growth due to global tensions and upcoming elections.
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