Muhurat trading is a one-hour session on Diwali that allows investors and brokers to...
Digital Desk: Indian stock exchanges, BSE and NSE, will be open for one hour on October 24 for Muhurat trading. Both exchanges have a trading holiday on October 24 on the occasion of Diwali or Laxmi Puja. Muhurat trading is a one-hour session on Diwali that allows investors and brokers to trade on the exchanges. It is a 50-year-old tradition that takes place every year to celebrate the auspicious day.
According to the Hindu calendar, Diwali marks the beginning of the New Year, and muhurat trade on this day is thought to bring wealth and success throughout the year.
What is Muhurat Trading?
Muhurat trading is the auspicious stock market trading for an hour on Diwali (Deepawali). It is an important, age-old custom that has been retained and followed by the trading community for ages. As Diwali also marks the start of the New Year, muhurat trading on this day is thought to bring money and prosperity for the rest of the year.
What is the Date and Time for this year's Muhurat trading?
Trading in the equity, equity and derivatives segments will start in the evening around 6:15 PM on October 24 and will end exactly after one hour at 7:15 PM.
Diwali Muhurat Trading Session Timings
Normal Market Open-6:00 pm
Normal Market Close-7:15 pm
Set up a cut-off time for Position Limit/Collateral Value-7:25 pm
Trade modification end time--7:25 pm
All trades performed during this Diwali Muhurat trading session will result in settlement obligations, according to the NSE. On the occasion of Diwali Balipratipada, the exchanges will be closed on October 24.
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