India`s stock exchanges NSE and BSE hold special afternoon Diwali Muhurat Trading for the first time in decades, marking the start of Samvat 2082. Commodity markets also join.
Mumbai: For the first time in decades, India’s stock exchanges are shifting the timing of one of the market’s most symbolic events, the Diwali Muhurat Trading. Both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will hold the special trading session this afternoon from 1:45 pm to 2:45 pm, instead of the usual evening slot.
The session marks the start of the new Hindu financial year, Samvat 2082. Muhurat trading is regarded as an auspicious occasion, blending faith and finance, with traders and investors believing that executing trades during this period brings prosperity and good fortune for the year ahead.
A pre-open session will begin at 1:30 p.m. on both the NSE and BSE, followed by the one-hour Muhurat trading. All trades executed during this period will follow normal settlement rules, with delivery and payment obligations completed as on a regular trading day.
Commodity markets will also participate in the festive trading. The Multi Commodity Exchange (MCX) pre-open session will run from 1:30 p.m. to 1:44 p.m., followed by Muhurat trading from 1:45 p.m. to 2:45 p.m., with client code modifications allowed until 3:00 p.m. The National Commodity & Derivatives Exchange (NCDEX) will follow a similar schedule, with pre-trade from 1:30 p.m. to 1:45 p.m. and trading from 1:45 p.m. to 2:45 p.m.
According to the Diwali trading schedule, on October 22, the MCX will remain closed during the morning session and reopen in the evening from 5:00 p.m. to 9:00 p.m., while the NCDEX will observe a full trading holiday. Normal operations on both exchanges will resume on October 23.
Muhurat trading has a long-standing tradition, beginning with the BSE in 1957 and later adopted by the NSE in 1992. Historically, brokers performed Chopda Pujan, a ritual of worshipping account books, to seek blessings for wealth and success in the new year.
Market experts expect a positive Muhurat session this year, with indices likely to remain in the green amid festive optimism and strong investor sentiment.
IANS
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