Muhurat Trading Time for Diwali 2024

Muhurat Trading 2024 is a special stock market session held on Diwali. It marks the start of a new financial year in the Hindu calendar-Samvat 2081. Traders and investors look forward to the Mahurat trading time, believing it brings good luck and prosperity. This one-hour session has deep cultural and financial significance during the Festival of Lights.

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What is Muhurat Trading?

Before we decode the essence of the Muhurat trading meaning, let’s explore the term “Muhurat” itself. “Muhurat” signifies an auspicious time in Hindu customs, denoting a period when planetary alignments are favourable, promising positive outcomes. This belief in the promise of positive outcomes is at the heart of Muhurat Trading.

Muhurat Trading, a customary practice in India, designates a one-hour window on Diwali deemed propitious for investing in stocks. The stock exchange specifies this specific time every year. Believers assert that those who trade during this hour increase their chances of amassing wealth and prosperity in the coming year. Typically falling during the evening of Diwali, many individuals prefer to purchase stocks as a token of devotion to Goddess Lakshmi. This unique practice is exclusive to Indian stock markets.

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Historical Insights into Muhurat Trading

The stock market Diwali Muhurat Trading has a deep-rooted history. Traditionally, stockbrokers initiate their new year on Diwali, inaugurating new settlement accounts for their clients during the auspicious Muhurat. Furthermore, the broking community would perform the Chopda Pujan, a ritual to worship their books of accounts, on Diwali.

One prevalent belief was that Marwari traders and investors sold stocks during Muhurat as they held that money should not enter their homes on Diwali. In contrast, Gujarati traders and investors purchased shares during this sacred period. However, with no concrete data to support this, contemporary times have witnessed a shift in these practices.

Today, Mahurat trading primarily serves as a symbolic gesture, where most Hindu investors engage in Lakshmi Pujan and subsequently invest in robust companies with the potential for long-term returns.

What Transpires During Muhurat Trading?

On Diwali, both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) allow trading for a limited stock market Diwali Muhurat trading time. This Muhurat trade time session is typically divided into several phases:

1. Pre-Open Session: Where two parties agree to buy/sell securities at a fixed price and inform the stock exchange.

2. Equilibrium Price Determination: A brief phase, usually lasting around eight minutes, where the stock exchange establishes the equilibrium price.

3. The One-Hour Trading Session: The most active trading time.

4. Post-Close Session: Focused on trading illiquid securities.

5. Market Close: Where traders and investors can place market orders at the closing price.

Muhurat Trading Time Schedule in NSE for 2024

In 2024, Muhurat Trading will take place on Friday, 1st November 2024, with the following Muhurat Trading schedule, including the Diwali share market open time and close time:

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• Set a Reminder: Avoid missing out on the Muhurat hour by setting a reminder to ensure you place your order on time.

Who Can Benefit from Muhurat Trading?

The Muhurat trading session presents an excellent opportunity to buy or sell stocks due to high trading volumes and a generally bullish market sentiment during Diwali. This Diwali trade opportunity appeals to both experienced and novice investors and traders. For those who believe in auspicious planetary alignments, Diwali is an ideal Muhurat trading time to embark on their stock market journey.

If you are new to stock investment, Diwali can be a fortuitous starting point. Select high-quality companies and invest with a long-term perspective aligned with your financial plan. However, for those stepping into stock trading for the first time, it’s advisable to observe the markets during

Muhurat Trading NSE or BSE and practice paper trading to gain experience, given the inherent volatility.

Experienced day traders can leverage this session as well. While the focus may not solely be on profitability, they can make informed decisions to secure gains.

While the economic landscape has faced challenges in recent times, the Diwali Muhurat Trading Stock Market is an occasion that encapsulates the spirit of prosperity and wealth. Whether you’re a seasoned trader or a newcomer, make thoughtful decisions as you participate in this cherished tradition. 

Benefits of Muhurat Trading

• Fortune and Prosperity: Muhurat trading is believed to bring good luck and prosperity to traders and investors, making it an auspicious Muhurat trading time for new investments and important decisions.
• Positive Market Sentiment: The positive sentiment generated during the Muhurat trading Share Market often sets the tone for the upcoming year, boosting investor confidence and fostering a favourable outlook.
• Reduced Volatility: Muhurat trading features limited trading hours and lower trading volumes, resulting in lower volatility. This reduced market turbulence creates a safer and more stable trading environment.

Key Considerations Before Engaging in Muhurat Trading

Before engaging in Muhurat Trading, consider these crucial aspects:

1. Auspicious Timing: Many investors and traders consider this period as an auspicious Muhurat trading time for investments.
2. Settlement Obligations: It is better to remember that all open positions at the end of the session require settlement.
3. Resistance and Support Levels: The market can be volatile during the session, so it can be helpful to keep a close eye on resistance and support levels.
4. Fundamentals Matter: It can be better to stick to the fundamentals of a company before making long-term investments. You can resist the lure of excitement and rumours.
5. Trading Volumes: If you seek to profit from volatility, you can choose stocks with substantial trading volumes.
6. No Guarantees: You can keep in mind that investing during this period does not guarantee future returns. The performance of a stock on Diwali trading hours does not determine its future performance. Invest wisely.

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To Wrap It Up…

Even with all the knowledge in the world, it is absolutely essential to do your own research. No matter if you are investing during Muhurat Trading or not. So, perform your due diligence regarding investments and consult a financial advisor if necessary. We hope you have a wonderful time trading during this auspicious Muhurat trading time. Wishing you a prosperous and joyous Diwali!

Frequently Asked Questions About Muhurat Trading