Stock exchanges organize a special Muhurat trading session on the occasion of Diwali. Typically, exchanges are open for 1 hour in the evening where traders and investors can trade to mark the beginning of the New Year. This year also the Indian Stock Exchanges will organize a special Muhurat trading session on Friday, November 1, 2024. According to the news of 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 seen as an auspicious time
According to the news, trades taking place during the special Muhurat trading session will be settled on the same day. Yes, markets will not function during normal trading hours due to Lakshmi Puja. 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 Muhurta period will bring wealth and good fortune in the coming year. On Diwali, traders sometimes also create new settlement accounts.
A great opportunity to diversify your portfolio
The importance of Muhurta trading is very important. This is also a good time for experienced investors to add new stocks to their portfolio or increase their holdings in existing stocks. This is a great opportunity for experienced investors to diversify their portfolio by adding new stocks or increasing their positions in existing stocks.
Anyone having a trading account with a registered stockbroker can participate in muhurat trading. Yes, you can trade intraday during muhurta trading, but plan in advance that all your intraday trades will be finished 15 minutes before market close.
