Tue Oct 29 17:19:21 UTC 2024: ## Diwali Muhurat Trading Session Set for November 1st, 2024

**Mumbai, India (October 28, 2024)** – The National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Multi Commodity Exchange of India (MCX) have announced the date for their annual Diwali Muhurat Trading session. This symbolic event, marking the beginning of the new Hindu calendar year known as Samvat, will take place on **Friday, November 1st, 2024, from 6 PM to 7 PM.**

Investors traditionally make symbolic investments during this one-hour session, believing it brings good luck and prosperity for the year ahead. While the session is primarily symbolic, it often sees moderate gains in benchmark indices like the Sensex and Nifty 50.

**Expert Commentary**

Pranav Haridasan, MD and CEO of Axis Securities, notes that Samvat 2081 begins amidst a global rate-cutting cycle, potentially leading to growth in corporate earnings and positive returns for Indian equities. However, he cautions that current valuations leave little room for expansion, highlighting the importance of strategic stock selection.

**Past Performance**

Historically, Diwali Muhurat trading has been associated with positive returns. Data from 2014 to 2023 shows that eight out of ten sessions saw gains, with average Muhurat-to-Muhurat returns for the Sensex and Nifty 50 ranging from 11-13%.

**Trading Details**

The NSE will close trading for new positions at 7:10 PM. MCX will host a pre-session from 5:45 PM to 5:59 PM and a client code modification session from 6:00 PM to 7:15 PM.

As the market gears up for this auspicious trading event, investors and analysts alike will be closely watching the performance of the markets during the Diwali Muhurat session.

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