Muhurat Trading 2024 LIVE: Know Significance, Timing, Stock Recommendations, History – News18

Muhurat Trading 2024 LIVE Updates: The Indian stock market, both BSE Sensex and NSE Nifty, will be opened for a special one-hour trading session on Friday between 6 pm and 7 pm. The Muhurat Trading Session 2024 today comes at a time when there are heightened geopolitical risks, elevated crude oil prices, and an ongoing domestic market correction amid high valuations.

Muhurat trading, a one-hour symbolic trading session on Diwali, holds a revered position in the Indian stock market and marks a new Hindu calendar year. The Samvat Year 2080 concluded on Thursday and the new Samvat 2081 starts today, November 1, 2024.

Over the past 15 years, Muhurat trading sessions have frequently recorded positive returns, with indices closing in the green 12 times out of 15. This positive trend underscores the festive optimism often reflected during the session, even if trading volumes remain lower than average.

“Samvat 2081 can be the year of consolidation for the first few months followed by the likely beginning of an uptrend post next Union Budget 2025-26 which is likely to be presented in the month of February 2025,” said SBI Securities in its report. Sharekhan said the time has come for rebalancing portfolio and increasing exposure to large caps and at the same time cutting exposure in the small and midcap space, and be very selective.

Bajaj Finserv, Bharti Airtel, RIL, SBI, Tata Motors, Escorts Kubota, ICICI Bank, HCL Tech, L&T, Titan, Zomato, IPCA, and Angel One are some of the stocks recommended by various brokerage firms for the Diwali 2024.