Muhurat Trading to be held in the market on 8:Trading to take place from 2:20 pm to 3:30 pm; 70 years old tradition

The stock market will hold a special Muhurat trading session on Diwali and Lakshmi Puja on 8 November. BSE and NSE said in a circular that this year’s 70-minute continuous trading session will begin at 2:20 p.m. and run until 3:30 p.m. Muhurat trading is a tradition in the Indian stock market on Diwali. Although the stock exchanges are closed on the day, they are opened specially for one hour, even on the holiday, for what is known as Muhurat trading. Trading will also take place during the Muhurat trading slot across several segments, including equities, commodity derivatives, currency derivatives, equity futures and options, and securities lending and borrowing (SLB). Complete Muhurat Trading Timeline On regular days, the market remains open from 9:00 am to 3:30 pm, Monday to Friday. The pre-market session takes place from 9:00 am to 9:15 am, followed by the normal session until 3:30 pm. Muhurat trading will take place in the afternoon for the second consecutive year Rules for Order Placement and Order Matching Rules for IPOs, Relisted and Illiquid Securities Closing Auction Session (CAS) and Post-Close Timings For securities covered by the Closing Auction Session (CAS), the regular market will close at 3:15 p.m. This will be followed by a transition and reference-price calculation period until 3:20 p.m. On the BSE, the reference price will be determined based on the volume-weighted average price (VWAP) of trades executed between 3:00 p.m. and 3:15 p.m. Closing auction order entry will take place from 3:20 p.m. to 3:30 p.m. Both limit and market orders can be placed during the first five minutes, while only limit orders will be accepted in the final five minutes. Order matching will take place between 3:30 p.m. and 3:35 p.m. The NSE has set a transition period from 3:35 p.m. to 3:50 p.m. for CAS securities, while non-CAS securities will close at 3:30 p.m. The post-close session will then be held from 3:50 p.m. to 4:00 p.m. The exchange has clarified that all trades executed during Muhurat trading will be settled under the rules (settlement obligations). The tradition of Muhurat trading is nearly 70 years old The tradition of Muhurat Trading in the stock market on Diwali is around 70 years old. According to the Hindu calendar, the Hindu Vikram Samvat year 2083 will begin on Diwali this year. Across India, Diwali is considered the most auspicious time to welcome wealth, prosperity, and good fortune. A similar belief is associated with Muhurat Trading. Stock market investors consider this day particularly special for beginning their investments. Muhurat Trading is considered auspicious In Hindu customs, a muhurat is considered an auspicious time when the movement of the planets is favourable. Starting any work during a muhurat is believed to ensure a positive outcome. That is why, when the stock market opens for an hour during the auspicious Diwali muhurat, many Hindus begin their investments. Most people prefer to buy stocks as a symbol of Goddess Lakshmi. According to popular belief, those who trade during this one hour have a better chance of earning money and attaining prosperity throughout the year.