Muhurat Trading Picks for Diwali 2024 – Samvat 2081

Dear Investors,

About Muhurat Trading

Muhurat Trading is a unique, symbolic trading session that takes place annually on Diwali. This auspicious practice, steeped in cultural significance, is a longstanding ritual in Indian stock markets. The word “Muhurat” translates to a “sacred hour,” and on this day, it is believed that trading during this favorable time brings prosperity and good luck for the year ahead. For traders and investors, it’s not just a session of stock buying and selling; it’s an opportunity to begin new investments and seek blessings for wealth and growth.

Every year, the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Multi Commodity Exchange (MCX) hold a brief, ceremonial trading session. This session attracts investors of all types—seasoned traders, beginners, and even those who don’t trade regularly. They participate in Muhurat Trading, buying shares or commodities as a token investment for the upcoming year.

This year, Muhurat Trading is scheduled for Friday, November 1, 2024, on the occasion of Diwali (Laxmi Pujan Day). The market timings for this special session, as per the Exchange Circular (MCX/TRD/704/2024) dated October 21, 2024, are as follows:

• Special Session: 5:45 pm to 5:59 pm
• Trading Session: 6:00 pm to 7:00 pm
• Client Code Modification Session: 6:00 pm to 7:15 pm

These timings apply to all commodities and indices traded on MCX. During the Special Session, investors can prepare for the official trading period. The one-hour Trading Session from 6:00 pm to 7:00 pm is when actual buy and sell orders take place. The Client Code Modification Session allows for any necessary adjustments after the trading period.

The NSE has also scheduled its Muhurat Trading session on the same day, allowing participants to trade equities and other financial instruments. Both NSE and MCX have issued notifications emphasizing the significance of this ceremonial event, encouraging all traders and investors to join in celebrating the new financial beginning.

For the Indian trading community, Muhurat Trading is a time of optimism and new beginnings. It combines tradition with modern financial practices, bringing families together to make token investments and start the year on an auspicious note. While some investors engage in regular trades, many participate simply to honor the occasion, often purchasing blue-chip stocks or other strong performers expected to yield steady returns.

In recent years, Muhurat Trading has also become an opportunity for investors to review their portfolios and make strategic decisions for the upcoming year. Though the session is brief, the positive sentiment often sets the tone for market trends and investor optimism. Whether you are an experienced investor or new to the market, Muhurat Trading offers a meaningful opportunity to participate in India’s rich financial and cultural tradition. Join in on November 1, 2024, to invest for a prosperous year ahead.

Market Outlook

While global geopolitical tensions, such as the issues between Canada and India, along with violence in Bangladesh, present some concerns, India’s market remains resilient. Recent food inflation has caused a temporary impact, but as fresh supplies hit the markets, this is expected to stabilize. Furthermore, China’s liquidity infusion efforts may have a positive ripple effect on emerging markets like India.

The political landscape is also influencing the markets, with recent state election results showing favorable outcomes for the BJP. Markets will be closely watching the election results in Maharashtra, Jharkhand, and the U.S. Any positive outcomes could boost investor sentiment even further. Additionally, the earnings outlook is expected to improve in the latter half of the financial year, driven by post-monsoon revival and festive demand.

Diwali  Picks for Muhurat Trading 2024

Here are the Muhurat Picks for this Diwali, recommended for their strong potential in Samvat 2081:

Investment Strategy for the Muhurat Trading

The selected stocks encompass a range of sectors including energy, financials, hospitality, and consumer brands, each poised for growth in the coming year. The Indian market is set to continue outperforming, as initiatives like “China+1” gain traction, providing India with a unique position in the global economic landscape. Additionally, India’s demographic advantage strengthens its potential as a key market in the years to come.

In the words of a wise investor, “A market downturn doesn’t bother us. It is an opportunity to increase our ownership of great companies with great management at good prices.” As we look forward to Samvat 2081, we encourage investors to see this Diwali Muhurat as an opportunity to add quality stocks to their portfolios.

Happy Investing and Best Wishes for a Prosperous Year Ahead.

Sources: SMIFS Diwali Greetings and Fundamental Muhurat Picks for Samvat 2081.