NSE, BSE To Hold Muhurat Trading Today Or Tomorrow? Check Details Here

This special trading period encompasses all market segments, including equity, commodity derivatives, currency derivatives, equity futures and options (F&O), and securities lending and borrowing

The Muhurat Trading session will pre-open from 5:45 pm to 6:00 pm

Source : ABPLIVE AI

Muhurat trading is a symbolic and culturally significant event in India's stock markets, celebrated annually during Diwali. This year, it will take place on Friday, November 1, 2024, featuring a one-hour trading session from 6:00 pm to 7:00 pm on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). This special session is believed to usher in wealth, success, and good fortune, coinciding with the start of the Hindu New Year, Samvat 2081.

“A special live trading session shall be held on Friday, November 1, 2024, on account of Muhurat trading on Diwali,” the NSE notification confirmed.  

The Muhurat Trading session will pre-open from 5:45 p.m. to 6:00 p.m. This special trading period encompasses all market segments, including equity, commodity derivatives, currency derivatives, equity futures and options (F&O), and securities lending and borrowing (SLB), within the one-hour time frame.

After the cut-off, no new trades can be initiated, and modifications, cancellations, or adjustments to existing trades will not be allowed. Additionally, there will be a client code modification session from 6:00 pm to 7:15 pm, allowing brokers to make last-minute adjustments to accommodate client needs.

Settlement Schedule For Muhurat Trades

Due to the special trading session on November 1, pay-in and pay-out transactions will be adjusted accordingly. Settlements for trades executed on October 31 and November 1 will occur on November 4, 2024, at 8:30 am.

What Is Muhurat Trading? 

Muhurat trading is a special session held by Indian stock exchanges on Diwali, rooted in the belief that this "auspicious hour" attracts prosperity. Many investors, traders, and stockbrokers consider trades made during this time to be fortunate, signalling the start of a new and successful financial year. The tradition extends beyond mere economic gains, symbolising the commencement of new ventures with an optimistic outlook.