Muhurat Trading Date and Timings: It's that time of the year again when India celebrates Diwali, and Dalal Street participants take out their carefully planned playbooks for a special hour of market activity, hoping to grab the best securities for their investment portfolios. Purpose? Well, it's simple. Multitudes of investors and traders wait for this special session, which marks the beginning of the year as per the Vikrami Samvat calendar, to make the year vibrant and prosperous.

Muhurat Trading Timings on November 1

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Many people give special importance to buying quality stocks during this session to keep their portfolios fresh and effective. This year, stock exchanges BSE and NSE are scheduled to conduct this special trading on November 1, from 6 pm to 7 pm, following a 15-minute pre-market session.

Note down the following timings:

  • Time: 6 pm - 7 pm
  • Pre-opening session: 15 minutes (5:45 pm - 6 pm)

Now, what is Muhurat trading exactly?

It is a symbolic trading session specially organized on the day the country celebrates Diwali. It enables Dalal Street participants to make token investments for the year ahead—the Samvat year starts on Diwali every year.

ALSO READ: Diwali 2024 Date: October 31 or November 1? Know exact date; Puja Time, Shubh Muhurat, Naraka Chaturdashi

Muhurat Trading on BSE and NSE

The timings of Muhurat trading are devised every year based on the lunar Vikram Samvat calendar. Typically, the duration of the special session is around an hour. For instance, in 2023, Muhurat trading took place from 6 pm to 7:15 pm on November 12. However, this year, the session will last exactly one hour, until 7 pm.

ALSO READ: Muhurat Diwali Pick 2024: These stocks can offer up to 46% return - Check targets by brokerage 

What is different about Muhurat trading?

To put it precisely, other than duration, the Muhurat trading session is just like any normal trading session. While normally the market opens at 9:15 am and ends at 3:30 pm every day from Monday to Friday, the Muhurat trading is conducted for about one-sixth of those hours in a normal session. This is because its date and timings are based entirely on the ‘muhurat’—or a specific time considered auspicious in Hindu tradition, depending on planetary positions.

ALSO READ: Ready for Muhurat trading on November 1? Sensex finishes Samvat 2080 in style, rockets 22%

History and Significance of Muhurat Trading

BSE introduced Muhurat trading in the late 1950s, and NSE followed suit more than three decades later, in the early 1990s. Muhurat trading provides market participants with an opportunity to set the tone for the year ahead. Coming amidst the lights and festivities of Diwali, it enables investors to tweak their portfolios in a more relaxed and focused way.

The symbolic trading of securities during the Muhurat session holds deep cultural significance for many. Muhurat trading holds emotional significance beyond its financial importance.

What does the Muhurat trading session signify?

Well, the day marks the beginning of a new year as per the Vikrami calendar. In 2024, it will mark the beginning of Samvat 2081.

Catch all the latest stock market updates here. For all other news stories in buzzing categories ranging from technology and automobiles to personal finance, visit Zeebiz.com.