Understanding Muhurat Trading: A Diwali Tradition in Indian Stock Markets
Discover Muhurat Trading, a unique Diwali tradition in Indian stock markets where investors buy shares during a special one-hour session.
The stock exchange tells everyone the exact time for this session each year.
Diwali, known as the Festival of Lights, is an important occasion in the Hindu calendar.
It represents the victory of light over darkness, knowledge over ignorance, and good over evil.
Like many religious celebrations, Diwali is rich in beliefs, customs, and traditions. One unique tradition associated with Diwali is Muhurat Trading.
What is Muhurat Trading?
Before discussing Muhurat Trading, let's clarify what "Muhurat" means. In Hindu culture, Muhurat is a lucky time determined by the favorable positions of planets, believed to bring good results.
Muhurat Trading is a special one-hour session on Diwali when people buy shares.
They believe this will help them get wealth and prosperity for the year.
The stock exchange tells everyone the exact time for this session each year.
This practice happens in the evening to honor Goddess Lakshmi and is only done in Indian stock markets.
Muhurat Trading Timings 2024
Muhurat Trading for 2024 will take place onFriday, November 1, 2024. The timings are as follows:
Random closure in the last one minute
Random closure in the last ten minutes
All trades executed during this Muhurat Trading session will have settlement obligations.
