Stock exchanges hold a special Muhurat trading session on the occasion of Diwali. Usually, the exchanges remain open for 1 hour in the evening where traders and investors can trade to mark the beginning of the new year. This year too, Indian stock exchanges will hold a special Muhurat trading session on Friday, November 1, 2024. According to a report in Financial Express, the special session will start at 6.15 pm and end at 7.15 pm on Friday. There will also be a 15-minute pre-open session. Both NSE and BSE participate in Muhurat trading.
Muhurat trading is considered an auspicious time.
According to the news, trades that take place during the special Muhurat trading session will be settled on the same day. Yes, the markets will not function during normal trading hours due to Laxmi Pujan. Diwali Muhurat trading is seen as an auspicious time to start new ventures, including investing in the stock market. Traders and investors believe that buying shares during the Muhurat period will bring wealth and good fortune in the coming year. On Diwali, traders also sometimes create new settlement accounts.
A great opportunity to diversify your portfolio
The importance of Muhurat trading is quite significant. This is also a good time for experienced investors to add new stocks to their portfolios or increase their holdings in existing stocks. This is a great opportunity for experienced investors to diversify their portfolios by adding new stocks or increasing their position in existing stocks.
Anyone having a trading account with a registered stockbroker can participate in Muhurat trading. Yes, you can trade intraday during Muhurat trading, but plan that all your intraday trades will be over 15 minutes before the market closes.