- By Aditya Pratap Singh
- Fri, 01 Nov 2024 09:54 AM (IST)
- Source:JND
Muhurat Trading Timing Today: Amid the celebration of the auspicious festival of Diwali, the Indian stock market will hold its annual Muhurat trading session, a one-hour special event held every year on the eve of Diwali. According to stock exchanges, the one-hour Muhurat 2024 special trading session will be held today, i.e. November 1st, in the evening from 6:00 pm to 7:00 pm. However, in the wake of Diwali 2024, trading activities on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed today during the usual trading hours.
As the Muhurat trading is scheduled from 6:00 pm to 7:00 pm, the trading adjustment time will end by 7:10 pm. Traders participating in the Muhurat Trading should note that all daily positions will be settled automatically 15 minutes before the close of the session, which necessitates careful planning of trades on the same day.
Also Read: Bank Holiday In November 2024: Banks To Remain Closed For 13 Days; Check Holiday List
Importance of Muhurat Trading
In India, stockbrokers traders and investors consider Diwali as the beginning of a new financial year. The traders and investors believe buying stocks during this period can bring prosperity for the whole coming year. The traders also consider diversifying their portfolios and opening new settlement accounts during this period.
Muhurat Trading attracts active participation, with seasoned investors taking the opportunity to tweak their portfolios. However, given the short duration, market volatility can be high.
Stock Market to remain closed on November 1
In the wake of Diwali 2024, trading activities on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed today. Therefore, there will be no activity in the equity, equity derivatives, and bonds sectors today. There will be no activity on MCX (Multi Commodity Exchange) and NCDEX (National Commodity Exchange) from 9:00 am to 5:00 pm.