The stock exchanges in India, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), are gearing up for their annual Diwali muhurat trading session on Friday, November 1, 2024. This special trading window will be open from 6:00 PM to 7:00 PM, marking the beginning of the Hindu calendar year, Samvat 2081, a time when traders and investors look forward to new opportunities and growth. 

What is Diwali muhurat trading?

Diwali muhurat trading is a time-honoured tradition among Indian traders, held every year on Diwali to usher in a new financial year. This year, it coincides with Laxmi Pujan, a time when worshippers seek blessings from Goddess Lakshmi, the deity of wealth and prosperity. The belief is that trading during this auspicious hour can lead to financial growth and success throughout the year. While the regular markets will remain closed, this one-hour session is viewed as a significant opportunity for traders to engage in stock investments.