Diwali Muhurat Trading 2024: NSE Samvat 2081 Timings Announced.

Muhurat trading is significant for investors and brokers, symbolising the financial new year. The National Stock Exchange (NSE) will hold its annual Diwali Muhurat trading session on Friday, November 1, 2024, marking the beginning of the Hindu calendar year Samvat 2081. Regular trading will remain closed for Diwali, but the special one-hour Muhurat trading session will be open for them in the evening. A per-opening session is scheduled from 5:45 PM to 6:00 PM, just before the main trading session. The Muhurat trading session is considered an auspicious time and aligned with favourable planetary positions. These sessions have often delivered position returns, the BSE Sensex has closed higher in 13 of the past 17 Muhurat sessions. While trading volumes tend to be lower.  Market experts believe that is traditionally seen as an ideal time to start new ventures, investors are thought to benefit throughout the year by participating in this session. An exception in 2008, the Sensex surged 5.86% during Muhurat trading, despite global financial turbulence. Since 2012, the Sensex has ended in positive territory in 9 of 12 Muhurat trading sessions; the most recent session took place on November 12, 2023. It saw a gain of 355 points or 0.55%, however, the trading has not always been as favourable. In India, stockbrokers regard Diwali as the beginning of their financial year, many investors see this session as a chance to bring prosperity. To bring prosperity for the upcoming year by buying stocks. It also provides traders with an opportunity to diversify their portfolios. Keeping in mind the short duration and potential volatility, intraday positions will be automatically squared off 15 minutes before the market closes. For long-term investors, the session offers a chance to kickstart new investments or adjust portfolios.