Muhurat Trading Returns This Diwali
The National Stock Exchange has announced that a special Muhurat Trading session will be held on October 21 to celebrate Diwali. The one-hour symbolic trading session will run from 1:45 pm to 2:45 pm, with a pre-opening session scheduled from 1:30 pm to 1:45 pm. Though the markets will remain closed for regular trading on the day of the festival, this session will give investors an opportunity to trade during the auspicious hour associated with prosperity and new beginnings.
Trading Timelines and Settlement
As per the NSE circular, block deals will take place between 1:15 pm and 1:30 pm, while the special pre-open session for IPOs and relisted securities will be conducted between 1:30 pm and 2:15 pm. The normal market window for stocks in this special pre-open session will run from 2:30 pm to 2:45 pm. The closing session is scheduled between 2:55 pm and 3:05 pm, with the trade modification cut-off fixed from 1:45 pm to 3:15 pm. All trades executed during Muhurat Trading will result in normal settlement obligations.
A Tradition of Prosperity
Muhurat Trading has been a long-standing tradition in Indian stock markets, held every year on Diwali to mark the beginning of a new Samvat year in the Hindu calendar. The upcoming session will usher in Samvat 2082. Investors consider it an auspicious time to begin new ventures, and historically, participation during this period is seen as symbolic of wealth creation and prosperity throughout the year.
Participation Across Segments
Trading during this special session will not be limited to equities alone. Investors will also be able to participate in commodity derivatives, currency derivatives, equity futures and options, and securities lending and borrowing. Other exchanges are also expected to announce similar timings after consultation, ensuring uniformity across markets.
What Analysts Say
Market experts highlight that Diwali is traditionally viewed as the ideal time to start something new, and Muhurat Trading is seen as more than just financial activity. It is a ritual of optimism and confidence in the future of India’s markets. Many investors participate regardless of market conditions to symbolically mark their entry into the new financial year.
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