New Delhi: If you also invest in the stock market, then you also know that the stock market remains closed during the festival season. In such a situation, people were quite confused about Diwali this year. Actually, this time Diwali is being celebrated on two days i.e. 31 October and 1 November. On the occasion of Diwali, the stock market will be closed on 1 November 2024 (Friday).

On Diwali, the stock market remains closed at its usual time, but there is a tradition of Muhurat trading in the market. This tradition is 68 years old. On this day, the market opens for only one hour in the evening. This is special trading.

At what time will Muhurat trading be held this year

According to the circular issued by the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), Muhurat trading will be held on November 1, 2024 from 6 pm to 7 pm. The pre-opening session of the market will start at 5.45 pm. In this trading session, investors can invest normally in equity, commodity derivatives, currency derivatives, equity futures and options, and securities lending and borrowing (SLB) etc.

stock market timing

On normal days, the stock market is open from 9:15 am to 3:30 pm. The pre-opening session of the market starts at 9 am. The market is open from Monday to Friday throughout the week. This means that the market remains closed every Saturday and Sunday. The market also remains closed due to any festival day.

Muhurat trading is auspicious

In Hindu customs, Muhurat is considered auspicious. It is believed that if you buy certain things at the right time, it brings happiness and prosperity. For this reason, there is trading in the stock market for one hour on Diwali. Many people like to buy shares considering it a symbol of Lakshmi.

Keep this in mind before investing

You should always invest for the long term. The fluctuations in the stock market should be ignored at times. Many times we panic due to the fall in the market and withdraw money which turns out to be wrong.

Always track which assets you have invested in. If you are unable to track your investments, you should seek help from a financial consultant.

If you are in loss, you should never panic and sell shares. Even if your investment amount is in loss, there is still a hope that it will recover in the long run.

You should never invest in one sector. There is always a need to diversify your investment portfolio. Doing this reduces the chances of loss.

You should make a stock basket. In this, you should include stocks from all sectors so that the risk exposure is reduced.