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Exchanges to conduct Diwali Muhurat trading on November 1

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Exchanges to conduct Diwali Muhurat trading on November 1

The National Stock Exchange (NSE) and BSE will hold their annual Diwali Muhurat trading session on Friday, November 1, from 6:00 PM to 7:00 PM, marking the beginning of the Hindu calendar year, Samvat 2081. While the stock market will be closed for trading on Diwali, the special one-hour Muhurat trading session will be open in the evening. A pre-opening session will be conducted from 5:45 PM-6:00 PM, the exchanges said in separate circulars on Saturday. 

Also ReadRBL Bank shares plunge over 13% after net profit falls 24%; Should you buy the dip?

Muhurat session coincides with Laxmi Pujan, which celebrates wealth and prosperity. Investors trade in this session to welcome good fortune and mark the beginning of Samvat 2081. Historically, investors have seen positive returns, with the BSE Sensex closing higher in 13 of the last 17 special sessions. However, the post-Muhurat trading session has not always been as favorable, with the index falling 7 times in the last 11 years.

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