Diwali Muhurat Trading: A New Financial Dawn

Diwali Muhurat Trading will occur on November 1, marking Samvat 2081. NSE and BSE will hold one-hour sessions on this auspicious date. Trading will be live between 6-7 PM. Both buyers and sellers must settle trades as on a regular day. This marks significant financial investments.

The National Stock Exchange (NSE) has planned a special Diwali Muhurat Trading session on November 1, marking the start of the Hindu calendar year Samvat 2081. The event opens a unique trading window from 6 PM to 7 PM, despite regular market closure for the Diwali festival.

A November 1 circular from NSE confirmed the solitary live trading hour dedicated to Muhurat Trading on Diwali. While normal trading operations are suspended, this hour-long session allows trading modifications until 7:10 PM. Simultaneously, the Bombay Stock Exchange (BSE) also plans a similar session, yet its exact timings remain unannounced.

Investors are encouraged to place auspicious orders during this period, often seen as propitious for wealth acquisition. Standard procedures apply, demanding trade settlements occur as they would on any regular trading day, with buyers paying for stocks and sellers ensuring delivery.

This special trading hour is a fitting time for new investments as the festival of lights signifies prosperity. It also prompts favorable transactions in precious metals, real estate, and electronics, aligning with traditional beliefs in financial fortune during Diwali.

(With inputs from agencies.)