Like every time, this time too the question regarding Diwali is when is Diwali and at what time will the stock market open. Diwali is falling on November 1 in 2024, and on this day Muhurat trading will be organized in the Indian stock market. This is a special trading session, which is organized every year on the day of Diwali, during Laxmi Pujan.
What is Muhurat Trading?
Muhurat trading is a short session held on the auspicious occasion of Diwali, in which investors trade during the auspicious time. It is also seen as the beginning of the new financial year, and is traditionally celebrated as a symbol of prosperity and success. During this time investors start their investments or rebalance old portfolios.
Bazaar Schedule on Diwali:
November 1, 2024 (Friday) – The market will usually be closed on Diwali Laxmi Pujan day. Muhurat trading will be held on November 1 in the evening. The exact timing is usually announced closer to Diwali, but this session is usually of 1 hour.
Why is the market open during this time?
Muhurat trading is a part of Indian culture and tradition where investors worship Goddess Lakshmi for financial success and it is believed that investments made during this auspicious time will be profitable.
Common activities:
Most investors invest small amounts symbolically in Muhurat trading. The market movement is low during the trading session, but it is considered auspicious and important. Thus, the Indian stock market will be closed on Diwali day on November 1, 2024, but the market will be open in the evening for Muhurat trading, which is a special occasion for investors.