What is Muhurat Trading?

Muhurat trading is a one-hour trading session that stock exchanges open on Diwali. Session timing is fixed as per the Indian Hindu astrology known as muhurta and it usually happens in the evening time. This period is considered auspicious, and it is associated with good fortune, prosperity, and success.

Starting financial endeavors with muhurta is regarded as fortunate and gives investors hope for the upcoming year. Muhurat trading, while merely symbolic in origin, is highly participatory and marks the beginning of the busiest commercial season.

 

Muhurat Trading: Time and Date

Muhurat Trading will take place on Friday, November 1st, 2024, from 7:00 PM to 7:30 PM. Besides having a demat account, there is no particular eligibility for participating in the Muhurat Trading session.

Muhurat Trading 2024	Event Details
Date	1 November 2024
Day	Friday
Occasion	Diwali (Laxmi Pujan)
Trading Time	7:00 PM to 7:30 PM

 

What Takes Place in Trading Muhurat?

NSE and BSE allow trade on Diwali for a restricted period of time. The following sections usually comprise the session:

• Block Deal Session: Here, two parties will decide to purchase or sell a security at a set price and notify the stock exchange of their agreement.
• Normal Market Session: It is the one-hour trading session that sees the majority of activity. It will open on 1 November from 7.00 PM to 7.30 PM.
• Call Auction Session: Exchange-identified liquid securities will be traded during this session.
• Closing Session: At the closing price, traders and investors will be able to place a market order.

 

Key Features of Muhurat Trading

Here are the key features of Muhurat Trading you must know as an investor and trader:

• Auspicious Timing: The specific time for Muhurat Trading 2024 has already been released by the stock exchanges.
• Sentiment-Driven Market: Market sentiments are very influential during this session. Many investors base their selections on positive emotions like optimism and long-term goals.
• Lower Volatility: Since the session is short and is associated with a significant position, the probability is that the market will have less volatility.

 

What is Demat Account? What is the Use of It?

A Demat is an abbreviation of a dematerialized account that is responsible for storing all your shares and other securities in a digital form. A Demat account makes trading fast, convenient, and also safe as compared to traditional physical trading.

 

To engage in Muhurat Trading 2024, you must open a demat account. Without it, you cannot purchase or sell shares for the stock exchange market during a Muhurat Trading session.

 

Conclusion

The 'Muhurat Trading 2024 All You Need to Know' guide is equipped with all the necessary details. There are, however, factors you must consider to make Muhurat Trading a successful session. You can mitigate the risks associated with Muhurat Trading by first creating a shortlist of promising stocks and then planning your trades in advance.

 

Disclaimer: This blog is posted solely for educational purposes. The securities mentioned are examples and not recommendations. It is based on various secondary sources from the internet and is subject to change. Please consult an expert before making any related decisions.