Muhurat Trading 2024: Auspicious Diwali Session to Begin Samvat 2081

Muhurat Trading will be held on November 1, 2024 on the auspicious day of Hindu festival, Diwali. It is most significant event in the Indian calendar. This special session is traditionally viewed as an auspicious time for trading considered to invest and purchase new goods, marking the beginning of Samvat 2081, the new year in the Hindu calendar.

Also Read | Muhurat Trading Session 2023: Timings, Importance and Benefits

What is Muhurat Trading?

Muhurat Trading is a special trading session held for 1 hour at the evening on Diwali, on the beginning of the Hindu calendar year, Samvat. This approach initiated in 1957 at the BSE (Bombay Stock Exchange), it generally symbolizes new beginnings and prosperity among the Hinduism. Traders believe that buying and selling stocks during this hour can attract wealth for this upcoming year. The session typically lasts about an hour. Muhurat Trading 2024 will take place on November 1, coinciding with Lakshmi Puja. This unique event blends cultural significance with financial strategy, making it a cherished tradition among Indian investors.

Muhurat Trading 2024: Timings

The trading schedule for Muhurat Trading in 2024 is as follows:

During this one-hour trading window, participants can trade equities, equity and index derivatives, and currency derivatives.

Why Muhurat Trading Happens?

Muhurat Trading holds deep cultural significance as it aligns with Lakshmi Puja, a ritual dedicated to the goddess of wealth. Many traders believe that transactions made during this period can bring prosperity and good fortune for the upcoming year. Historically, this session has often ended positively; for instance, the BSE Sensex has closed higher in many past sessions.

Participation and Strategy

You can participate in Muhurat Trading by having a Trading and Demat account, if you don’t have one you can click here to open Trading and Demat account at free of cost. Investors typically use this opportunity to buy stocks, often focusing on blue-chip companies or those with strong fundamentals. While trading volumes may be lower than usual, the sentiment is generally optimistic, making it a strategic time for portfolio adjustments.

Risks and Considerations

Despite its auspicious nature, participants should remain cautious. The short duration can lead to increased volatility, and it’s advisable to have a clear strategy in place. Setting predefined entry and exit points and employing risk management techniques like stop-loss orders can help you to manage potential losses during this type of unique trading session.

Overall, Muhurat Trading is not just about financial transactions; it encourages the spirit of renewal and optimism that characterizes the Diwali festival and the belief of Hinduism to invest on such auspicious day. 

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