Diwali Muhurat trading: One-hour session scheduled for this evening | Check Details
PTC Web Desk: Muhurat trading, a special one-hour session conducted during Laxmi Puja on Diwali, is set to take place this evening, as confirmed by India’s premier stock exchanges, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Diwali Muhurat Trading Schedule
Pre-open session: 5.45 pm to 6 pm
Muhurat Trading session: 6 pm to 7 pm
Trade modification: Until 7.10 pm
All intraday positions will be squared off 15 minutes before the session concludes.
Today, only the one-hour Muhurat trading session will be held, while regular trading will remain closed in observance of Diwali.
Significance of Muhurat Trading
The Diwali period is traditionally seen as the start of a new financial year for many Indian stockbrokers, with investors buying shares for good fortune and prosperity. According to a Mint report, the BSE Sensex has closed higher in 13 of the past 17 Muhurat trading sessions, with the largest gain of 5.86% recorded in 2008, a time known for market volatility.
The Muhurat trading session spans all market segments, including equities, commodity derivatives, currency derivatives, equity futures and options (F&O), and securities lending and borrowing (SLB).
The Multi Commodity Exchange of India (MCX) will also hold its Muhurat trading session from 6 pm to 7 pm, with a client code modification window open until 7.15 pm.
- With inputs from agencies
