The Indian stock exchanges – BSE and National Stock Exchange (NSE) – will be conducting a one-hour special Muhurat trading session on the occasion of Diwali today.
The trading session will be held between 6:15 pm and 7:15 pm and the pre-open will begin at 6:00 pm, both the bourses informed in separate circulars. All trades executed in this Diwali Muhurat trading session shall result in settlement obligations.
During Samvat 2078, the S&P BSE Sensex dipped 464.77 points, while the Nifty 50 shed 252.90 points.
Heading into the special trading session, domestic brokerages such as HDFC Securities, Kotak Securities and Prabhudas Lilladher have recommended certain stocks on the basis of various fundamental and technical factors, ranging from large cap to broader market categories.
Muhurat trading time
The BSE and NSE will conduct the auspicious Muhurat trading session on the occasion of Diwali today (October 24, 2022) from 6:15 pm to 7:15 pm.
The one-hour special session is done at the start the new Hindu accounting year – Samvat 2079. Muhurat trading is a symbolic session conducted by the Indian stock exchanges every year on Diwali.
This year, the Muhurat trading session is scheduled between 6.15 pm and 7.15 pm on October 24, 2021. The pre-open session will be held from 6 pm to 6:15 pm.
Historically, the BSE started the Muhurat trading in 1957 and the NSE began conducting it in 1992.
Importance of Muhurat trading
This special trading session opens following the Hindu Panchang. This marks the beginning of a new Hindu calendar known as Samvat which begins on Diwali. Muhurat trading is considered to be very auspicious by Indian trading community who believe that it brings prosperity and financial growth throughout the year.
