Diwali muhurat trading to take place on November 1, 2024 on BSE and NSE: All you need to know
Oct 20, 2024, 18:47 IST
Both BSE and NSE will conduct a one-hour special "muhurat trading" on November 1, 2024, as Indians celebrate Diwali and mark the start of the new Samvat 2081, or the Hindu new year that kickstarts on this day. The session will take place between 6 pm and 7 pm. The trade modification window will close at 7:10 pm.
A special pre-open session will also commence between 5:45 pm and 6:30 pm for IPO-bound stocks, while the closing session will take place between 7:10 pm and 7:20 pm.
Many believe that trading at the start of the new Samvat or during the muhurat is auspicious since it heralds prosperity and financial well-being for the traders. Also, Hindus believe Diwali to be an opportune time to start anything new.
The market will remain closed for regular trading on Diwali, which falls on Friday, i.e., November 1, 2024, this year. Before this muhurat trading session, a 15-minute pre-opening session will also take place between 5:45 pm and 6 pm.
However, intraday traders and scalpers will have to exercise extra caution since all intraday positions will be automatically squared off 15 minutes before the market closes.
Since the trading window is only open for an hour, markets will largely be volatile. The focus during such sessions is generally not on profitability but on the inherent gesture. Trading would take place across various segments like equity, commodity derivatives, currency derivatives, equity futures & options, and securities lending & borrowing (SLB) in the same time slot.
Historically, these sessions have delivered positive returns for investors. Media reports note that of the past 17 muhurat sessions, the BSE Sensex has closed higher on 13 of them. Since 2012, the country has seen 12 muhurat sessions, with the Sensex inching up on 9 of those occasions. Last year, the Sensex rose by 355 points during the muhurat trading session. Between 2014 and 2023, the Sensex had ended muhurat trading session in reds just twice, in 2017, where it dipped by 0.04%, and 2018, where it fell by 0.6%.
But this positivity does not hold for the period that immediately follows the muhurat trading session, with data suggesting that Sensex has seen dips during 7 out of 11 such periods.
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A special pre-open session will also commence between 5:45 pm and 6:30 pm for IPO-bound stocks, while the closing session will take place between 7:10 pm and 7:20 pm.
Many believe that trading at the start of the new Samvat or during the muhurat is auspicious since it heralds prosperity and financial well-being for the traders. Also, Hindus believe Diwali to be an opportune time to start anything new.
The market will remain closed for regular trading on Diwali, which falls on Friday, i.e., November 1, 2024, this year. Before this muhurat trading session, a 15-minute pre-opening session will also take place between 5:45 pm and 6 pm.
However, intraday traders and scalpers will have to exercise extra caution since all intraday positions will be automatically squared off 15 minutes before the market closes.
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Historically, these sessions have delivered positive returns for investors. Media reports note that of the past 17 muhurat sessions, the BSE Sensex has closed higher on 13 of them. Since 2012, the country has seen 12 muhurat sessions, with the Sensex inching up on 9 of those occasions. Last year, the Sensex rose by 355 points during the muhurat trading session. Between 2014 and 2023, the Sensex had ended muhurat trading session in reds just twice, in 2017, where it dipped by 0.04%, and 2018, where it fell by 0.6%.
But this positivity does not hold for the period that immediately follows the muhurat trading session, with data suggesting that Sensex has seen dips during 7 out of 11 such periods.