Diwali Muhurat Trading 2024: Know the Date and Its Significance for Investors 

Preparations for Diwali Muhurat Trading started as the festive season approached the Bombay Stock Exchange (BSE) and also the National Stock Exchange (NSE). Traditionally, it is held on Diwali. It speaks to a new financial year, giving investors a chance to invest in stocks under auspicious circumstances. For this special trading session, selections are made on grounds of planetary alignment and are expected to bring good luck and prosperity.

Trading during Diwali Muhurat This year, Diwali Muhurat Trading would likely fall on November 1, marking the beginning of Samvat 2081. BSE and NSE have not confirmed the exact dates yet, but traders must prepare in advance. Intraday traders would need to shut all their positions at least 15 minutes before the close of the session.

Grah Digbhaaj, Laxmi Pujan: It is that day when most of the investors do Laxmi Pujan by taking divine blessings with a hope that one will acquire money and prosperity. The belief is that a prosperous year ahead is guaranteed, which resulted in the optimism in the market. It is also ideal for the stock brokers to manage the portfolios and close the new accounts.

The market remains more volatile during Muhurat Trading, and the prices keep on fluctuating with each passing moment. Therefore, the even small investor shall be cautious and take extra care in researching for the right decision before investing.

The passion of Diwali Muhurat Trading underlines the cultural importance of this date in India, wherein many of them still believe that the stock market is a foremost extension of their financial wishes. The current date should hopefully keep the investors abreast of any updates coming from the exchange and ready to capture investments that are well aligned with their aims.

Also Read : India's Petrochemicals Sector Set for $87 Billion Investment Amid Rising Demand - Read Now