Diwali 2024 celebrations have begun across the country. Not only ordinary people, but even stock market investors are eagerly waiting for this festival of lights. In fact, there is a special tradition of Muhurat trading in the Diwali market and the National Stock Exchange (NSE) has disclosed the timing and timing of the trade. In fact, there has been confusion as to whether the transaction took place on October 31 or November 1.
There will be special auspicious deals on November 1st
BSE-NSE will organize a special one-hour Muhurat trading session on the occasion of Diwali on November 1. The situation has become clear regarding the trading session that will be held at the beginning of Samvat 2081 and will take place between 6 pm and 7 pm. Both indices announced a pre-opening session for the stock market from 5:45 pm to 6:00 pm. With the exception of one or two auspicious trading sessions, investors who invest during this special occasion have reaped handsome returns every time.
Why is this deal special?
There is a tradition of special trading in the stock market on Diwali day called Muhurat trading. Although the stock market remains closed on Diwali, it is specially open for only one hour. During this hour, investors follow market tradition and make small investments. People believe that trading on this day is auspicious and brings prosperity, making investors rich throughout the year. During Diwali, this trading takes place in all three markets – stocks, stock futures and options, currencies and commodities markets.
This tradition is fifty years old
The tradition of Muhurat trading in the stock market for an hour on Diwali is no longer today but fifty years old. The practice of Muhurta trading started with BSE in 1957 and NSE in 1992. Experts say Muhurat trading is all about tradition and most people buy stocks on this day. However, these investments are often small and symbolic.
Think long term when buying
In Muhurat Trading (Muhurat Trading 2023), investors and brokers buy stocks based on value, which is good for the long term. Investors believe that stocks purchased at this time should be kept as good luck charms. They buy shares and even pass them on to the next generation. Diwali is considered an auspicious day to start any new job. In this situation, many investors make their first investment in the stock market during this special Muhurta trading session.
