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The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have announced that they will be holding their annual Diwali Muhurat trading session on Friday, November 1, 2024. This special session, which takes place in the evening, is a tradition observed by many Indian investors and traders to mark the auspicious beginning of the Hindu calendar year, Samvat 2081. The session is believed to bring good fortune and prosperity for the year ahead.
The Diwali Muhurat trading session is usually held on the day of Diwali, which falls on a different date each year. This year, Diwali falls on October 27, 2024. However, the Muhurat trading session will be held on November 1st to accommodate the timings of the festival and allow traders to participate in the special session. The session is typically held for one hour, from 6:00 PM to 7:00 PM. During this time, investors and traders can buy and sell shares in a symbolic gesture of welcoming prosperity and good luck for the new year.
The Diwali Muhurat trading session has gained popularity in recent years, attracting a large number of participants. It is seen as a unique opportunity for investors to celebrate the festival and participate in a special trading event that holds cultural and financial significance. While the volume of trades during the session may be lower than regular trading days, it is considered a significant event for the Indian stock market. The session also allows for investors and traders to come together and share in the celebratory spirit of Diwali.
Source: NSE, BSE to hold annual Diwali Muhurat trading session on November 1; details here