The festival of Diwali is a symbol of happiness and prosperity in India. On this auspicious occasion, a special tradition is performed in the stock market, which is called Diwali Muhurat Trading. It is a special one-hour session that marks the beginning of a new financial year for investors. Diwali Muhurat Trading is a tradition that is a unique confluence between Indian culture and modern financial markets. It is just a one-hour session, but its importance is very high. This year, in 2024, this special Diwali Muhurat Trading will be held on November 1.
A pre-opening session will be held from 5:45 pm to 6:00 pm
The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) have announced the timing for this special day. Before this session, which will run from 6 pm to 7 pm, there will also be a pre-opening session from 5:45 pm to 6:00 pm. This information is important for all investors who want to participate in the market on this auspicious occasion.
The History and Significance of Muhurat Trading
This tradition of special trading sessions in the stock market is very old. In BSE it has been running since 1957 and in NSE since 1992. It is not just a business activity but also a cultural tradition that connects Indian values and the modern economy. Investments are considered very important on this day. Many people believe that investing in this auspicious time gives good returns in the future. That is why a large number of investors buy new shares or add new shares to their portfolio on this day.
Muhurat Trading Strategy
Although it is just a one-hour session, investors should be well prepared for it. Experts suggest that one should focus on long-term investments on this day. Many investors consider the shares bought on this day lucky and keep them for a long time. It should also be noted that fluctuations can be seen in the market during Muhurat trading. Therefore, you need to make your investment decisions carefully. Many investors buy just a few shares symbolically on this day, while some people also make large investments.
The effect of Muhurat trading may be small this session, but its effect can be seen for a long time. Sometimes the trend of this day predicts the market for the next few months. However, this is just an estimate and should not be the sole basis of investment. This is a good opportunity for investors to evaluate their portfolios and prepare their strategy for the new financial year. Many people consider this day auspicious for the beginning of new investments and entering the stock market for the first time.
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Thus, Diwali Muhurat trading is not just a financial activity but also a cultural tradition that reflects the uniqueness of Indian markets. This day is a symbol of new enthusiasm and hope for investors, businessmen, and the general public, who wish for prosperity and success in the new financial year.
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