Published 17:57 IST, October 31st 2024
What is Muhrut trading and when it is happening?
Despite facing challenges in October, including Foreign Institutional Investor (FII) outflows exceeding Rs 90,000 crore.
Advertisement
Muhurat tring: As festival of lights, Diwali is here, stock market investors across India are preparing for much-anticipated Muhurat tring session, scheduled for Friday, November 1. This special tring window signifies beginning of Samvat 2081 and provides trers with an auspicious opportunity to launch ir financial year with optimism and hope.
Held during evening of Lakshmi Puja, Muhurat tring session embodies a long-standing trition where investors seek blessings of Goddess Lakshmi for prosperity and success in coming year. National Stock Exchange ( NSE ) has outlined tring schedule as follows:
Pre-Open: 17:45 - 18:00
Advertisement
Normal Market: 18:00 - 19:00
Block Deal Session: 17:30 - 17:45
Advertisement
Special Pre-Open (for IPOs and relisted securities): 17:45 - 18:30
Normal Market Open for Special Pre-Open Session: 18:45 - 19:00
Advertisement
Call Auction Illiquid Session: 18:05 - 18:50
Closing Session: 19:10 - 19:20
Advertisement
Tre Modification Cut-off Time: 18:00 - 19:30
Despite facing challenges in October, including Foreign Institutional Investor (FII) outflows exceeding Rs 90,000 crore, Diwali Muhurat session is seen as a potential turning point. Nifty index, which recently peaked at 26,277, has experienced corrections, but trers remain cautiously optimistic.
During this session, both retail investors and institutions typically engage in small but meaningful tres, fostering a positive market sentiment. Many make token investments, believing se actions will usher in financial gains for year ahe. Historically characterised by lower tring volumes yet strong optimism, Muhurat tring serves as both a reflection of past year and a hopeful beginning for new financial year, reinforcing its significance in India’s financial culture.
13:41 IST, October 30th 2024