What is Muhurat Trading 2024? Everything You Need to Know
Muhurat Trading is a highly anticipated annual event in the Indian financial markets, believed to bring prosperity and good fortune to traders and investors. In 2024, Muhurat Trading will be held on **Friday, November 1, 2024**. This special trading session coincides with Diwali, marking the start of a new financial year for many in India.
What is Muhurat Trading?
Rooted in the Sanskrit term “Muhurat,” which means "auspicious time," Muhurat Trading is more than just a market activity—it is a tradition. Investors believe that trading during this specific hour can bring wealth and prosperity. Recognized by leading stock exchanges like NSE, BSE, MCX, and MSE, Muhurat Trading has become a symbolic event in the financial markets, similar to the opening of account books on Diwali by traditional businesses.
Muhurat Trading Timings for 2024
The trading window during Muhurat is brief but significant. For 2024, the **equity market** will follow this schedule:
- Pre-open session: 6:00 PM – 6:08 PM
- Order matching period: 6:08 PM – 6:15 PM
- Regular trading: 6:15 PM – 7:15 PM
- Post-market session: 7:25 PM – 7:35 PM
- Trade modification: Until 7:45 PM
The commodity and currency markets follow the same regular trading time from 6:15 PM to 7:15 PM, without pre-open sessions.
Muhurat Trading 2024: Benefits for Traders
1. Zero Brokerage Offers: Many trading platforms, offer zero brokerage fees for trades during Muhurat.
2. High Liquidity and Trading Volume: With many investors participating, the session typically sees heightened liquidity and trading volumes, creating favorable conditions for quick trades.
Why is Muhurat Trading Significant?
The tradition of Muhurat Trading stems from the business community's practice of opening new account books on Diwali. This marks the start of the Hindu New Year or **Samvat**, and is dedicated to Goddess Lakshmi, the deity of wealth and prosperity. The **Bombay Stock Exchange (BSE)** introduced Muhurat Trading in 1957, and since then, it has become a widespread practice across India.
Investors participate in this session to invoke blessings for a prosperous financial year, making it a time-honored ritual that blends belief and trading strategy.
Intraday and Post-Market Details
For all market segments, **intraday trading positions will be automatically squared off at 7:05 PM**, ensuring timely closures. Traders can take advantage of **modification windows** for both equity and derivatives till the designated times, ensuring flexibility in their trading strategies.
Conclusion
Whether you're a seasoned trader or a novice investor, Muhurat Trading offers a unique blend of tradition and financial opportunity. With heightened liquidity, zero brokerage offers, and the symbolic significance of Diwali, trading during the Muhurat session has become a must for those looking to start the new year on a prosperous note. Don't miss this opportunity—**mark your calendar for November 1, 2024**, and start preparing your trades for this auspicious event!
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