Muhurat Trading is the special session in India’s stock market which falls on Diwali, the Festival of Lights. It is the new Hindu financial year, also called Samvat. Unlike Diwali itself, which this year is on October 31, Muhurat Trading is this year scheduled for November 1, 2024. One of the most important things is why this day, November 1 has been chosen for Muhurat Trading, the Significance of Diwali, and why both the day and the day before day are of great importance for trading.
What is Muhurat Trading?
The BSE and NSE set up Muhurat Trading which is a one-hour form of trading every Diwali. Investors in the tradition used to arrange their stock purchases during this time to bring prosperity and luck in the coming year. The stock market has this time of the year to honour Diwali and 2010’s Muhurat Trading is also the beginning of Samvat 2081.
Why is Diwali Special?
India’s most important festival, Diwali, takes place on October 31, 2024. The significance of it, it symbolizes the victory of light over darkness, the victory of good over evil. Another occasion is Lakshmi Puja which happens on Diwali night when people worship the God of wealth and prosperity ( Goddess Lakshmi).
This year, the ideal time for Lakshmi Puja is during the Pradosh Kaal, from 5:From 12 PM to 7:43 PM on October 31. Lakshmi is prayed upon by families to bless them with wealth, happiness, and success. Diwali is an auspicious time to set the intentions for a prosperous year and this is what makes it important.
What makes Muhurat Trading on November 1?
Diwali will be on the 31st of October and Muhurat Trading is scheduled on 1st of November 2024. Here’s why this date is ideal:
- Fresh Start for the Financial Year: The new Samvat year, Samvat 2081 begins on November 1. It’s a way for investors to start the fiscal year off on the right foot with good intentions and optimism.
- Time for Festivities: As Diwali celebrations and rituals are to take place on October 31, Muhurat Trading on November 1 allows investors to enjoy the celebration first.
- Positive Vibes for the New Year: From November 1 begins a new year. This is a great day to make investments and set some new financial goals.
Muhurat Trading Session Times on November 1, 2024
For those planning to trade, here are the timings for Muhurat Trading on November 1:
- Pre-Open Session: 5:45 PM to 6:00 PM
- Normal Trading Session: 6:00 PM to 7:00 PM
- Closing Session: 7:10 PM to 7:20 PM
Equities, Equity F&O, Currency F&O, and Commodities are open during Muhurat Trading.
Tips for Muhurat Trading
- Plan Ahead: Learn the individual stocks you want to buy.
- Set Clear Goals: In other words, you need to think, Are you investing for the short term or the long term?
- Stay Updated: Watch the recent news and news and trends to make well-informed decisions.
- Diversify: Diversify your investment by spreading your investments.
Final Thoughts
Lakshmi Puja is all the better done at Diwali, on October 31, to get together with family. The best day for Muhurat Trading is November 1, a day when one can start a financial year with new investments. I am well aware that Diwali provides blessings and joy but the Muhurat Trading on November 1 allows the blessings to be acted upon by the investors. Make the time to set yourself some financial goals and put your investments together wisely to pursue the same for Muhurat Trading.
Disclaimer: Muhurat Trading should not be taken lightly, it’s an investment in the stock market and comes with risk just like any other market. The information provided here does not constitute financial advice. No investment decision should be made without advice from a financial advisor.
