Muhurat Trading 2024: Date, time, everything else to know about it

Muhurat trading, the special one-hour session held at an auspicious time on Laxmi Puja during Diwali is scheduled for today evening

Published on: Nov 1, 2024, 14:50:54 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

Muhurat trading, the special one-hour session held at an auspicious time on Laxmi Puja during Diwali is scheduled for today evening, according to India's two prime stock exchanges, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

A stock trader prays in front of his trading terminal before Muhurat Trading - a special trading session on the occasion of Diwali. (AFP)

Also Read: During raid at Zomato Hyperpure warehouse, Hyderabad officials find items with 'future date of packing'

What is the entire schedule of the Diwali Muhurat trading today?

The Muhurat Trading window is scheduled between 6:00 pm to 7:00 pm.

The pre-open session is from 5:45 pm to 6 pm.

The time for trade modifications will end by 7:10 pm.

All intraday positions will be automatically squared off 15 minutes before the session's close.

The regular trading session will remain closed on the occasion of Diwali today and only the one-hour-long Muhurat trading session will be held in the evening.

Also Read: Delhi photographer gets a shoutout from Tim Cook as Apple CEO shares his Diwali photo

What is the relevance of the Muhurat Trading session?

Many stockbrokers in India see Diwali as the beginning of the financial year and investors purchase stocks during this period as they believe it brings prosperity.

Historically, the BSE Sensex ended higher in 13 of the last 17 Muhurat trading sessions, according to a Mint report.

BSE Sensex surged the most at 5.86% higher in the 2008 Muhurat Trading according to the report, which added that the market experienced significant volatility during this time period.

The Muhurat trading session consists of all the market segments including equity, commodity derivatives, currency derivatives, equity futures and options (F&O), securities lending and borrowing (SLB), and so on, all within that slot of one hour.

The Multi Commodity Exchange of India (MCX) has also announced Muhurat trading on the same day and time with a client code modification session from 6 pm to 7:15 pm.

Also Read: Apple posts record revenue, credits India iPhone sales; plans for 4 new stores: CEO Tim Cook

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Stay updated with the latest Business News on Petrol Price, Gold Rate, Silver Rates, Diesel Prices along with Income Tax Calculator