by Mr. S. Sridharan, Financial Planner,
https://www.walletwealth.co.in/
Diwali 2024 Diwali Muhurat trading Date, Time and Returns ..!
Diwali, one of India's most cherished festivals, brings not only vibrant celebrations but also a unique significance for the financial markets with the traditional 'Muhurat Trading' session.
Held annually on Diwali, this session marks the beginning of the new Samvat, or Hindu New Year, and is viewed as an auspicious time for investors, symbolizing prosperity in the year ahead.
Muhurat Trading 2024 November 1
This 2024 year, Muhurat Trading is scheduled for the evening of 2024 November 1, allowing participants to trade between 6 pm and 7 pm.
This one-hour window is designed to honor the cultural belief that investments made during this time bring wealth and fortune. While trading activity is paused during the daytime, all segments of the market, including equity and derivatives, are open for normal trading during the Muhurat session.
Muhurat Trading History and Investment Returns..!
Originally introduced on the Bombay Stock Exchange (BSE) in 1957 and later on the National Stock Exchange (NSE) in 1992, Muhurat Trading has deep-rooted ties with traditional market practices.
Prior to the electronic demat system, traders would gather on the exchange floor to mark this symbolic trading session.
Reviewing the performance of the Muhurat Trading over the past 11 years, the markets have shown positive returns in 9 out of 11 sessions, consistently performing well since 2018, with only 2016 and 2017 seeing slight downturns.
In 2023, the Sensex rose by 355 points (0.55%), reaching 65,259, while the Nifty 50 gained 100 points (0.52%), closing at 19,525. Midcap and smallcap indices outperformed, with the BSE Midcap index up by 0.67% and the Smallcap index by 1.14%.
Financial goals..!
For investors, Muhurat Trading continues to represent a blend of tradition and optimism, providing a rare opportunity to align financial goals with cultural significance, as the nation steps into a new Samvat year with hope for prosperity in the financial markets.
S. Sridharan, Financial Planner, https://www.walletwealth.co.in/
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