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Muhurat Trading 2024: Everything You Should Know

Hello Investors & Traders,

we have now entered the second half of 2024. As investors or traders, it’s important to track every event before it happens and understand its impact on the stock market. For the Indian stock market, one significant event is just around the corner: Muhurat Trading 2024. But the main question is, do you really know what Muhurat Trading is, its history and Muhurat Trading timing for 2024?

Lets understand …..

What is Muhurat Trading 2024?

Stock Market Diwali Muhurat Trading is a special hour on the festival of Diwali, which is considered lucky for making investments in the stock market. It is based on belief that during this Muhurat Trading time, good cosmic energies are aligned for positive outcomes. National Stock Exchange & Bombay Stock Exchange decide the exact timing for Muhurat Trading every year. People think that if they trade during this Muhurat Trading time period, it increases their chances of making money and having a prosperous year ahead.

History of Muhurat Trading

Muhurat trading is an age old tradition in the Indian stock market. It was initially a way for stockbrokers to begin their new year on Diwali by opening new settlement accounts for their clients during the auspicious Muhurat time. They used to perform a special ceremony known as Chopda Pujan to bless their financial records.

In the past, people believed that Marwari traders sold stocks while Gujarati traders bought stocks during the Stock Market Diwali Muhurat Trading. However, these beliefs no longer hold much value.

Muhurat Trading Timings 2024

Muhurat trading session for the year 2024 is scheduled on Friday 1 November 2024.

Pre-Open Session: 6:00 PM — 6:08 PM

Muhurat Trading: 6:15 PM — 7:15 PM

Post-Close Session: 7:30 PM — 7:38 PM

Market Close: 7:40 PM

If you want more insight about muhurat trading, you can enhance your knowledge by reading this Blog.

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Bajaj Housing Finance Shares List at 114% Premium and Close at 135%: What to do?

Bajaj Housing Finance shares made a strong debut on Monday, September 16, listing at Rs 150 per share on both NSE and BSE, a 114% premium over the IPO issue price of Rs 70.

The listing gain of Rs 80 per share slightly exceeded the grey market premium (GMP) of Rs 75 reported earlier that day. The company's strong fundamentals and the positive outlook for the housing finance sector could result in higher returns over time.

I applied for the IPO with the intention of booking listing gains, which I did. However, long-term investors who want to hold can do so, as the company has strong fundamentals for future growth.

If you want to hold for the long term, you can, but avoid investing the full amount at once. Divide your investment into three parts and wait for market corrections or profit booking opportunities.

OR

If you're very bullish on the housing finance sector, you can divide your Rs 1 lakh investment into 3-4 parts. Invest Rs 25,000 in Bajaj Housing Finance and spread the rest across its competitors. This strategy will help reduce your overall risk by diversifying your investments within the sector.

I found Trade Target website, which posts company fundamental analysis that helps me in the market.