Thu Oct 31 06:24:14 UTC 2024: ## Diwali Muhurat Trading 2024: One Hour of Trading on the Festival of Lights

**Mumbai, India** – The Indian stock market, while closed on Diwali, the Festival of Lights, will open for a special one-hour session known as ‘Muhurat Trading’. This year, Muhurat Trading will take place on **Friday, November 1st, from 6 PM to 7 PM**, coinciding with the auspicious time of Lakshmi-Ganesh puja, marking the start of the new Samvat year 2081.

For many investors, Diwali signifies the beginning of a new financial year. The Muhurat Trading session is believed to bring good fortune and prosperity in the coming year. While trading volumes are generally lower than usual, the atmosphere is said to be positive.

According to the National Stock Exchange (NSE), the market will be open for trading as follows:

* **Friday, November 1st**
* **Regular Market Hours:** Closed
* **Muhurat Trading:** 6:00 PM to 7:00 PM

“Muhurat Trading is a popular tradition among investors, both retail and institutional,” said an industry expert. “It is a chance to make a small investment or trade with the hope of attracting good fortune for the upcoming year.”

Despite the sentiment, it is worth noting that the S&P BSE Sensex, India’s benchmark equity index, has closed in the negative only twice in the last ten years, in 2016 and 2017. Last year, the Sensex closed with a 0.55% gain.

**Diwali Stock Picks**

Analysts recommend considering stocks like ICICI Bank, Zomato, and L&T for potential gains during the festive season. Investors are encouraged to do their own research and consult with financial advisors before making any investment decisions.

The Diwali Muhurat Trading session is a unique event in the Indian financial calendar, offering investors a chance to participate in the festival’s auspiciousness and hope for a prosperous New Year.

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