Diwali Muhurat Trading: A Symbolic Start to a Prosperous Financial Year

In observance of Diwali, the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will conduct a special session known as 'Muhurat Trading' on Tuesday, October 21. The trading session, which is highly symbolic, will occur from 1:45 pm to 2:45 pm, a time considered auspicious in the Hindu calendar.

The Muhurat Trading session signifies the beginning of Vikram Samvat 2082, a new Hindu calendar year, and is believed to bring prosperity and financial success to investors. Last year, this session took place from 6 pm to 7 pm. Analysts suggest the symbolic nature rather than the immediate profits drives investor participation.

The session will feature trading across various segments, including equity, commodity derivatives, and securities lending and borrowing. Market watchers anticipate increased volatility due to the limited trading window and the symbolic importance attached to the occasion, which sees many investors participate with high expectations.

(With inputs from agencies.)