Stock exchanges will
open for an hour this Diwali 2021 for the ‘Muhurat’ trading session on November
4. BSE and NSE will allow investors to buy and sell stocks from 6:15 PM to 7:15
PM on Diwali. The muhurat trading session is held every year on the occasion of
Diwali, for an hour. The broking community performs Lakshmi Puja and trade
during this period. The muhurat trading session has a block deal session prior
to normal trading and is followed by a closing session. Last year, BSE Sensex gained
145 points to end at its highest ever closing tally at that time while
NSE Nifty 50 closed
below 12,800.
When
is Muhurat trading?
According
to a notification by NSE, the block deal session will start at 5:45 PM on
November 4 and close at 6 PM. This will be followed by a pre-open session
between 6 PM and 6:08 PM. The normal market will be open from 6:15 PM to 7:15
PM, followed by a Call Auction Illiquid session and a closing session. All
trades executed in this Diwali Muhurat trading session shall result in
settlement obligations.
Why
is Muhurat trading done?
Muhurat trading holds a special significance as it marks the beginning of a new year or ‘Samvat’. Investors believe muhurat trading brings wealth and prosperity throughout the coming year. The practice was started in 1957 on the BSE and in 1992 on the NSE. Going by recent market movements on muhurat trading, Sensex and Nifty usually end soaring higher during this special trading session. This muhurat trading will mark the beginning of Samvat 2078.
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