Dalal Street Lights Up: Your Guide to Diwali and Dhanteras Stock Market Holidays & Muhurat Trading!

As the festive season of Diwali approaches, investors on Dalal Street eagerly anticipate the special Muhurat trading session, a time-honored tradition symbolizing prosperity and new beginnings. While the markets largely observe holidays for the main festivities, this unique hour of trading offers a glimpse into the auspicious spirit of the season.

For the year 2024, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on designated days, ensuring market participants can partake in the celebrations.

Dhanteras, which traditionally marks the beginning of Diwali celebrations and is considered auspicious for new investments, will likely see regular trading hours. However, investors should always check official exchange circulars for precise timings.

The highlight of the trading calendar around Diwali is undoubtedly the Muhurat trading session.

This special one-hour window, usually held on Diwali Laxmi Pujan day, allows for symbolic trading. It's believed that making investments during this auspicious time brings wealth and good fortune throughout the year. Both equity, equity derivatives, currency derivatives, and commodity derivatives segments typically participate in this special session.

Historically, Muhurat trading sessions have often seen low volumes but can be volatile, driven by sentiment.

Many traders use this opportunity for token purchases, especially in blue-chip stocks or gold ETFs, aligning their financial activities with the festive spirit. The exact date and timing for the 2024 Muhurat trading will be announced by the exchanges closer to the festival, but it generally occurs in the evening on Diwali day.

Investors are advised to stay informed about the official announcements from BSE and NSE regarding specific holiday dates and Muhurat trading timings.

This ensures that their trading strategies are aligned with the market schedule, allowing them to fully embrace both the investment opportunities and the joyous celebrations of Diwali.