For investors looking to navigate the stock market during this festive period, it’s important to note that the markets will be closed on November 1, but trading will occur as usual on October 31. Both exchanges, BSE and NSE, will not operate on November 1, with only an hour allocated for Muhurat trading that evening. Here’s a breakdown of the stock market holidays and trading sessions during this festive period.
Stock Market Holidays in 2024
- November 1: The stock market will be closed for Diwali.
- November 15: Guru Nanak Jayanti will also see the stock market closed.
- December 25: The market will remain closed for Christmas.
Muhurat Trading Session
On November 1, there will be a special Muhurat trading session from 6 PM to 7 PM. This one-hour trading window is a traditional practice during Diwali, symbolizing the start of the new Hindu calendar year. Many believe that trading during this auspicious time can bring prosperity and good fortune.
Why Muhurat Trading?
Muhurat trading is considered a significant event among investors, as it represents the commencement of the new year in the Hindu calendar. This practice is believed to attract wealth and success for the upcoming year. Last year, the stock market witnessed a notable uptick during the Muhurat trading session, reinforcing the tradition’s importance among traders.
Tips for Investors During Muhurat Trading
For those planning to invest during this festive period, keep in mind the following:
- Avoid Large Trades: Experts recommend exercising caution and not making substantial trades during Muhurat trading. Instead, consider starting with smaller investments to test the waters.
- Stay Informed: Be aware of market trends and stock performances leading up to the Muhurat trading session to make informed decisions.
As Diwali approaches, be sure to mark these important dates in your calendar and approach your investments wisely during this festive season.
