Mumbai: The BSE and NSE are expected to open the exchanges for Diwali on November 1, 2024, between 6:15 and 7:15 pm. Stock exchanges conduct a special trading session, also called the Muhurat trading session on Diwali. This is considered auspicious since business worship goddess Lakshmi and Lord Ganesha, are considered to be the deities of wealth and are worshipped on this day.
Muhurat Trading is available for one hour on Diwali day. Since Diwali is also the onset of the Hindu New Year, traders will conduct token trades to mark this auspicious date. Muhurat trading session coincides with Lakshmi Pujan on Diwali day. Muhurat trading allows same-day settlement with a 15-minute pre-opening window and closing session in which all trades are settled.
Diwali Muhurat Trading trends
The Sensex and nifty gave positive returns in nearly 80 per cent sessions over the past decade. Indian indices surged 6 per cent in 2008 Muhurat Trading. Around 457 stocks whose mcap exceeds Rs 1,000 crore gave positive returns in 5 Muhurat trades, ET Markets reported. At least 5 per cent returns were given by 19 out of these 457 stocks.
This is a developing story. More to follow
Diwali Muhurat Trading 2024: When will BSE and NSE open special trading window, Date, time and categories. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
