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Muhurat Trading 2024: Date, time, significance and all you need to know about auspicious session on Diwali
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2 min read | Updated on November 01, 2024, 17:13 IST
SUMMARY
Muhurat Trading 2024: The special trading session 'Muhurat', which takes place every year on Diwali, is believed to bring prosperity and financial growth. The session marks the commencement of a new Vikram Samvat- the Hindu calendar year. This time, it marks the start of Samvat 2081.
Of the last 17 Muhurat Trading sessions, the BSE SENSEX has closed higher on 13 occasions.
Diwali Muhurat Trading Session 2024: Time
| Session | Start Time | End Time |
|---|---|---|
| Pre Open | 05:45 pm | 06:00 pm |
| Normal Market | 06:00 pm | 07:00 pm |
Muhurat Trading: Other market session timing
| Session | Start Time | End Time |
|---|---|---|
| Block Deal Session | 5:30 PM | 5:45 PM |
| Special Preopen Session ** (For IPO & Relisted security) | 5:45 PM | 6:30 PM |
| Normal Market Open Time for Stocks in Special Preopen Session | 6:45 pm | 7:00 pm |
| Call Auction Illiquid Session * | 6:05 PM | 6:50 PM |
| Closing Session | 7:10 PM | 7:20 PM |
| Trade Modification Cut-off Time | 6:00 PM | 7:30 PM |
"All trades executed in this Diwali Muhurat trading session shall result in settlement obligations," the NSE said in a circular.
How have markets performed during Muhurat trading?
Of the last 17 Muhurat Trading sessions, the BSE SENSEX has closed higher on 13 occasions. While the indices have ended positively most of the time, volumes are usually low, and only a limited number of stocks show any significant movement in the brief timeframe.
In the 2023 Muhurat Trading session, SENSEX skyrocketed 0.55%, or 354.7 points, to settle at 65,259. Out of the 30-share BSE benchmark index, 28 closed in the green.
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