The NSE will hold a special one-hour ‘Muhurat Trading’ session on the occasion of Deepawali, scheduled for October 21. The NSE has announced that the symbolic Muhurat Trading session will take place from 1:45 pm to 2:45 pm on October 21. According to a circular issued by the exchange, the pre-opening session will run from 1:30 pm to 1:45 pm.
The block deal session is scheduled between 1:15 pm and 1:30 pm, while the special pre-open session for IPOs and relisted securities will be held from 1:30 pm to 2:15 pm. Normal market trading for stocks in the special pre-open session will take place from 2:30 pm to 2:45 pm.
The closing session will be conducted from 2:55 pm to 3:05 pm, and the trade modification cut-off time is set between 1:45 pm and 3:15 pm.
The NSE stated that all trades executed during the Diwali Muhurat trading session will result in settlement obligations. This special session also marks the beginning of the new Samvat, the Hindu calendar year that commences on Deepawali. It is traditionally believed that trading during this ‘Muhurat’ or auspicious hour brings prosperity and financial success to market participants.
The stock market will remain closed for regular trading on Deepawali, but a special one-hour Muhurat Trading session will be held in the afternoon. Other exchanges are also expected to issue similar circulars, as the timing for Muhurat Trading is typically decided in coordination among exchanges.
Muhurat Trading is a long-standing tradition in Indian stock markets, observed annually on Deepawali. It marks the beginning of the new financial year according to the Vikram Samvat calendar, which is currently in the year 2082. For investors, this session is considered a symbolic and auspicious gesture to welcome prosperity and wealth in the year ahead.
Market analysts noted that Deepawali is considered an ideal time to begin new ventures, and investors are believed to gain throughout the year by participating in the Muhurat Trading session.
Trading during this period will be conducted across multiple segments, including equity, commodity derivatives, currency derivatives, equity futures and options, as well as securities lending and borrowing (SLB), all within the same designated time slot.
Comments