Diwali Muhurat Trading on November 1 at NSE and BSE
The National Stock Exchange (NSE) has announced a special trading session called Diwali Muhurat Trading on November 1, 2024, to mark the start of the Hindu Calendar year Samvat 2081. Diwali, the festival of lights, will be celebrated on October 31, and the special trading window will be open from 6 pm to 7 pm the next day.
During this time, the stock markets will be closed for regular trading, but the special one-hour session will allow investors to trade. The NSE stated in a circular that the trade modification end timing will be at 7:10 pm. The Bombay Stock Exchange (BSE) will also hold a Muhurat Trading session on the same day, although the exact timings have not been announced.
Investors can buy or sell stocks during this session, and transactions must be completed like any regular trading day. This means buyers must pay for stocks, and sellers must deliver them according to normal settlement rules. Many investors believe that trading during this auspicious time will bring good returns.
Diwali is a time when people make new purchases, including precious metals like gold and silver, real estate, electronics, and automobiles, as it is considered an auspicious day for financial investments.
Doubts Revealed
Diwali -: Diwali is a major Hindu festival celebrated in India, known as the Festival of Lights. It symbolizes the victory of light over darkness and good over evil.
Muhurat Trading -: Muhurat Trading is a special trading session conducted by stock exchanges in India on the occasion of Diwali. It is considered an auspicious time to make financial investments.
NSE -: NSE stands for National Stock Exchange, which is one of the largest stock exchanges in India where people buy and sell shares of companies.
BSE -: BSE stands for Bombay Stock Exchange, which is the oldest stock exchange in Asia, located in Mumbai, India. It is another place where people trade stocks.
Samvat 2081 -: Samvat 2081 refers to the Hindu calendar year that begins on Diwali. The Hindu calendar is different from the Gregorian calendar that we commonly use.
Precious metals -: Precious metals like gold and silver are often bought during Diwali as they are considered valuable and bring good luck. They are used in jewelry and as investments.