The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are set to hold a special Muhurat trading session on November 1, 2024, to mark the beginning of Samvat 2081. This session is significant for investors involved in share market investment as it symbolises prosperity and wealth.
Muhurat trading timings for November 1
The Muhurat trading session is an annual event held during Diwali:
This one-hour session allows investors to trade across various segments, such as equity, commodity derivatives, currency derivatives, and more, making it ideal for share market investment enthusiasts.
What makes Muhurat trading unique?
Muhurat trading is considered an auspicious time to invest. Many believe that trades made during this hour are likely to bring financial success throughout the year. It’s a tradition that holds cultural significance, as investors view this session as a blessing from Goddess Lakshmi, the deity of wealth. For those focused on share market investment, it’s seen as an opportunity to start the new year with positivity.
How did the market perform last year?
In the previous Muhurat session marking the start of Samvat 2080, the BSE Sensex surged by 354.77 points (0.55%), closing at 65,259.45. Similarly, the Nifty50 advanced by 100.20 points (0.52%) to settle at 19,525.55. Sectors like IT, infrastructure, and energy led the gains, with 43 of the Nifty50 stocks ending in the green. These results show the significance of this trading session for share market investment.
What to expect this year?
This year, the special trading session is expected to continue its tradition of high engagement and positive market sentiment. Many investors use this occasion to make their first trades of the new Samvat, believing it will pave the way for a successful financial year. The session offers a great opportunity for share market investment, especially in sectors that showed promising performance during last year’s session.
Invest safely
The special Muhurat trading session on November 1, 2024, presents an excellent occasion for investors to make trades during an auspicious time. For anyone involved in share market investment, this one-hour session offers a unique blend of tradition and market opportunity, marking the start of the new Samvat with optimism and potential financial success.
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