Diwali Muhurat trading on November 1. NSE announces timing, other details
NSE) will conduct its annual Diwali Muhurat trading session on Friday, November 1, 2024, from 6:00 PM to 7:00 PM, marking the beginning of the Hindu calendar year Samvat 2081.
While the market will be shut for normal trading to mark Diwali, the special trading window will be open for just one hour in the evening. NSE said that the pre-opening session will be conducted from 5:45 pm-6:00 pm.
This tradition of executing trades during the auspicious one-hour session is based on planetary positions, as it is considered favorable to start new business activities in the glow of diyas and amidst the vibrant colors of rangoli patterns.
Historically, investors have seen positive returns, with the BSE Sensex closing higher in 13 of the last 17 special sessions.
The equity indices have historically performed quite well on these special trading sessions, though low trading volumes have usually been observed and fewer stocks move during that short duration. The year 2008 was an exception in which the Sensex surprised even the most optimistic bulls by climbing 5.86% in the one-hour session. It settled at 9,008 for the day, but remained range-bound for the rest of the year as the global financial crisis unfolded.
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