New Delhi: Diwali is the festival of lights in India. The festival symbolises the spiritual victory of light over darkness, good over evil, and knowledge over ignorance. The celebrations generally last five or six days, and during them, people light up their homes and workspaces with oil lamps, candles, and lanterns. In many parts of India, Diwali will be celebrated on October 31. It is a holiday, so many people are confused if the stock market will remain open on October 31 and November 1. In this article, we will take a look at it.
Will the stock market remain open on Diwali?
On October 31, when Diwali will be celebrated all over the country, the Indian stock market will remain open. Meanwhile, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) have announced that there will be a special trading session of one hour which is known as ‘Muhurat Trading’ and it will take place on November 1. It will mark the beginning of the new Samvat 2081.
Muhurat Trading time 2024
The Muhurat Trading session will take place between 6 pm and 7 pm. However, it must be kept in mind that on Diwali, the regular trading session will remain closed and the Muhurat Trading of one hour will be there in the evening.
Also, the session of Muhurat Trading will pre-open from 5.45 pm to 6.00 pm. The Muhurat Trading session is hailed to be very auspicious as it marks the beginning of a new Samvat, which is the Hindu calendar year that marks the start of Diwali. According to the enthusiasts of the stock market, stakeholders will witness prosperity and financial growth if they trade during the Muhurat.
