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Mumbai, October 21, 2024 — As Diwali, the festival of lights, approaches, the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have announced the annual Mahurat trading session, scheduled to take place on Friday, November 1, 2024, between 6:00 PM and 7:00 PM. This session, a time-honored tradition in India’s stock markets, is eagerly anticipated by traders and investors alike as it marks the beginning of the Hindu New Year, Samvat 2081.
Mahurat trading is steeped in cultural and financial significance. It is considered an auspicious time for starting new ventures, with the belief that investments made during this period will bring prosperity and good fortune. Traders participate with a festive spirit, often wearing traditional attire and exchanging sweets, enhancing the positive energy that characterizes this special event.
This one-hour session is typically marked by light trading volumes but heightened enthusiasm. Analysts believe the session often sets a positive tone for the upcoming year, with key benchmark indices such as the Sensex and Nifty typically seeing upward trends during Mahurat trading in previous years.
In 2023, the Mahurat trading session saw both the Sensex and Nifty 50 closing with modest gains, reflecting the broader optimism surrounding India’s economic growth. This year, market watchers are keeping a close eye on sectors such as IT, energy, and consumer goods, which are expected to attract significant interest. With the market showing resilience in 2024, the session is anticipated to witness upbeat sentiment as investors look to usher in the new year with strong portfolios.
Both exchanges will also perform a brief pre-opening session starting at 5:45 PM to ensure a smooth transition for the actual Mahurat trading from 6:00 PM.
For those participating, it’s not just about trading—it’s about celebrating the start of a new financial journey. As Diwali represents the triumph of light over darkness, investors hope for a bright and prosperous Samvat 2081, with economic recovery and growth on the horizon.
Trading Schedule for Mahurat Session on November 1, 2024:
Pre-opening Session: 5:45 PM – 6:00 PM
Mahurat Trading Session: 6:00 PM – 7:00 PM
Closing Session: 7:00 PM – 7:15 PM
Investors and traders are encouraged to participate in this auspicious session as they set the tone for their financial endeavors in the coming year.
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