Muhurat Trading 2024: A Symbolic yet Significant Trading Session
As the festival season began, stock market participants have grown eager for the National Stock Exchange and BSE Ltd.’s annual special trading session, Muhurat Trading. This year, however, there is confusion as Diwali falls on Monday, but the exchanges are set to conduct the one-hour special trading session on Tuesday.
When is Muhurat Trading?
The stock exchanges will be closed on Monday, October 21, for the occasion of Diwali Laxmi Puja. However, they will hold the auspicious trade session on Tuesday, October 22, for an hour, from 1:45 p.m. to 2:45 p.m. Monday, October 20, will be a regular trading day, and the stock exchanges will remain closed on Wednesday, October 23, in observance of Balipratipada.
What is Muhurat Trading?
Muhurat Trading is a symbolic trade session, which is conducted for an hour on Diwali, the festival of lights. Muhurat means an auspicious time to begin something new. So, the one-hour session is considered a great time for investments and new ventures. Many investors from the northern and western states of India conduct token trades to mark the auspicious beginning of the new year or Samvat in the hope that it will bring prosperity throughout the year.
Market Expectations during Muhurat Trading
Often, bullish sentiment prevails during the Muhurat Trading session. In the Diwali Muhurat Trade session of 2024, the NSE Nifty 50 and BSE Sensex rebounded from a two–day decline in an annual special trading session for the occasion of Samvat 2081. The Nifty 50 ended 0.39% or 94.20 points higher at 24,299.55, and the Sensex ended 0.42% or 335.06 points higher at 79,724.12.
To learn more about the Sensex today and its impact on the market, read our latest article. You can also learn about the Nifty 50 index and its significance in the Indian stock market.
How to Make the Most of Muhurat Trading
Some traders buy stocks during this one-hour session to keep in their portfolio as a lucky charm. While the session is symbolic, it can also be a great opportunity to invest in the stock market. To make the most of Muhurat Trading, it’s essential to have a solid understanding of the market and the stocks you’re interested in. You can learn more about stock market investing and get tips on how to create a successful investment strategy.
Conclusion
Muhurat Trading is a unique and significant trading session that offers a great opportunity for investors to participate in the stock market. While the session is symbolic, it can also be a great time to invest in the market and make the most of the bullish sentiment. By understanding the importance of Muhurat Trading and having a solid investment strategy, you can make the most of this special trading session.
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