The Indian stock market is closed today, November 1, 2024, for the Diwali Laxmi Pujan holiday. This marks the first of two trading holidays in November; the next closure is scheduled for November 15, 2024, in observance of Guru Nanak Jayanti.
Additionally, the market will be closed on weekends throughout the month: November 2, 3, 9, 10, 16, 17, 23, and 24.
For detailed information on market holidays, you can refer to the National Stock Exchange’s official holiday calendar.
The Indian stock market observed a special “Muhurat” trading session on Friday, November 1, 2024, coinciding with the Diwali festival. This auspicious session is traditionally considered a favorable time for initiating new investments.
Muhurat Trading Timings: The session typically lasts for an hour in the evening on Diwali, marking the beginning of the traditional Hindu accounting year, Samvat. The exact timings can vary annually; for 2024, the session was scheduled from 6:15 PM to 7:15 PM IST.
Market Performance: During the Muhurat Trading session, the BSE Sensex closed at 79,724.12, up by 335.06 points (0.42%), while the NSE Nifty 50 ended at 24,304.35, gaining 99.00 points (0.41%). The Bank Nifty also saw an increase of 198.55 points (0.39%), closing at 51,673.90.
Key Levels:
- Sensex: Closed at 79,724.12, indicating a positive trend.
- Nifty 50: Ended at 24,304.35, reflecting a similar upward movement.
- Bank Nifty: Finished at 51,673.90, showing strength in the banking sector.
Market Outlook: The positive performance during the Muhurat Trading session suggests favorable investor sentiment. Analysts often view this session as an indicator of market trends for the upcoming year. However, it’s essential to consider broader economic factors and global market conditions when making investment decisions.
For detailed information on Muhurat Trading, including its significance and strategies, you can refer to Kotak Securities’ guide.
The National Stock Exchange of India (NSE) has introduced the NSEIndia mobile app and expanded its website to support 12 regional languages, enhancing accessibility for investors nationwide. The app and website now offer content in Assamese, Bengali, Kannada, Malayalam, Oriya, Punjabi, Tamil, Telugu, Hindi, Marathi, Gujarati, and English. This initiative underscores NSE’s commitment to fostering an inclusive financial ecosystem for investors across India.
