Muhurat Trading 2024: know Date, Time, and Diwali Stock Picks for Muhurat Trading Day

Muhurat Trading

Diwali, known as the Festival of Lights, is one of the most significant festivals in Hindu culture. Alongside religious rituals, a special event tied to financial markets takes place—Muhurat Trading. This one-hour session, held at Diwali, allows traders to engage in stock transactions during a time considered auspicious. This tradition holds deep cultural significance and serves as a symbolic start to the new financial year in India.

Muhurat Trading 2024 Timing

In 2024, Muhurat Trading will take place on Friday, November 1 from 6.00 to 7.00 pm, marking the beginning of Samvat 2081 according to the Hindu calendar. The Muhurat trading session for 2024 is determined by the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The same trading time applies to equity futures, options, currencies, derivatives, and securities lending and borrowing segments.

*Random closure in the last one minute
*All intraday positions will be squared off 15 mins prior to market closing

Some important points:

1. Stock – SIP orders will not be executed during the Muhurat trading session. The scheduled SIP orders will be placed on the next trading day.

2. AMO Orders will available till 5:44 PM ( 1 min before the pre-open session )

3. Any profits booked / sales proceed from trades previous trading day ( 31st October), will not be included in the available funds during the Muhurat trading session as 1st November is a settlement holiday, they will be available for use on 4th November.

4. Holdings bought ( Delivery ) on 31st October, will be available in your Portfolio for selling as as 1st November is a settlement holiday, they will be available on 4th November.

5. BTST Transactions, hence won’t be allowed on 1st November.

What is Muhurat Trading?

In Hindu customs, the term “Muhurat” refers to an auspicious time when planetary alignments are believed to favour positive outcomes. Muhurat Trading embodies this concept in the stock market. It is a one-hour trading session organized by stock exchanges like the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), allowing traders to make symbolic investments on the evening of Diwali. Many believe that buying stocks during this period invites prosperity and financial growth throughout the year.

Muhurat Trading Stock Picks

Choose from Diwali Muhurat Trading Stock Picks by our Research Team

• If you are looking to invest in the banking sector, you can invest in Bank of India

• Our next recommendation is for cement where you can invest in JK Lakshmi Cement Ltd.

• You can consider trading and investing in the construction sector and our Muhurat trading pick for the sector is NCC Ltd.

• In the financial sector, you can invest in L&T Finance Ltd. 

HDFC Sky customers can check the complete list of recommendations via mobile and web app

If you are not an HDFC Sky customer, open Demat account with us to access the complete Muhurat stock pick recommendations

Conclusion

Muhurat Trading is a symbolic tradition that marks a fresh financial start, offering hope and prosperity. Whether you’re a seasoned trader or a new investor, it’s a chance to make new financial commitments in a positive and festive atmosphere.

This Diwali, seize this auspicious occasion to boost your investment and wealth creation journey with Muhurat Trading. With HDFC SKY, your experience in Muhurat Trading goes beyond convenience; it’s about empowerment and fostering financial growth.