Muhurat Trading: Leading Indian stock exchanges, the BSE and the National Stock Exchange (NSE), will host a special 'Muhurat Trading' session on November 1, in celebration of Diwali. This one-hour session, held from 6:00 pm to 7:00 pm, will mark the beginning of the new Samvat 2081, the Hindu calendar year.
In separate circulars, the exchanges announced that this symbolic session, a tradition during Diwali, is believed to usher in prosperity and financial growth for stakeholders. The pre-opening session will take place from 5:45 pm to 6:00 pm.
While regular trading will be closed on Diwali, the special trading window will offer investors the opportunity to participate in various segments, including equity, commodity derivatives, currency derivatives, equity futures & options, and securities lending & borrowing (SLB).
Market analysts note that Diwali is considered an ideal time for new beginnings, with investors hoping to benefit throughout the year. However, given the short trading window, markets are expected to be volatile. Despite this, the focus of the session is often seen as more symbolic than profit-driven.
The celebrations mark the beginning of the new Hindu calendar year, known as Samvat. As part of the tradition, it is considered an auspicious time for traders, symbolising financial prosperity and growth for all involved.
Trades conducted during this special session are settled on the same day. In Indian tradition, Diwali is seen as a favorable time to embark on new ventures, and the market reflects this through Muhurat Trading, which is believed to bring benefits to investors throughout the year.
The two major equity benchmark indices, Sensex and Nifty, traded flat amid early morning volatility on Monday. As of 10:20 am, the BSE Sensex had declined by 58 points to 81,166, while the NSE Nifty50 was down 65 points, trading at 24,789.
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