Muhurat Trading 2024: Like every year, this Diwali, the Indian stock market is ready for a special occasion – Muhurat Trading. This is a special one-hour trading session, which is organized on the occasion of Diwali. Let us know some special things about this time's Muhurat Trading.
Muhurat Trading Timings
- Date: November 1, 2024
- Trading hours: 6:00 PM to 7:00 PM
- Trade modification time: 7:10 PM
This time, the trading session will start at 6 pm and end at 7 pm. After this, trade modifications can be made till 7:10 pm.
Importance of Muhurat Trading
Muhurat trading time is not just an opportunity to trade, but it is a symbol of prosperity in Indian culture. Many investors buy stocks on this day to invite prosperity in the coming year. This special occasion also gives investors a chance to diversify their portfolios and open new accounts.
Historical Performances
Over the years, the market has performed well during Muhurat trading sessions. For example, 13 times out of the last 17 Muhurat trading sessions, the BSE Sensex ended higher. In 2008, the Sensex rose by 5.86%, which is a great example.
Tips for Trading
Muhurat trading lasts only for an hour, so the market can be volatile. Traders must keep in mind that all intraday positions will be automatically closed by 6:45 PM. Therefore, if you are trading intraday, it is important to plan in advance.
This Muhurat trading session of Diwali is not only a trading opportunity but also a cultural experience. Both experienced investors and new investors await this festival. With the right preparation and understanding, this Muhurat trading can help you further strengthen your financial goals.
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