Muhurat Trading 2023: The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) are scheduled to open for a one-hour trading session on Sunday, November 12, in celebration of the Diwali Muhurat trading session. This symbolic event, observed by both stock exchanges, commemorates the auspicious festival of lights in India. Muhurat trading occurs in the evening and typically lasts for about one hour. The specific timing is announced by the stock exchanges in advance.
The Muhurat trading session also marks the beginning of a new Hindu calendar year, also known as Samvat. It is considered auspicious for stock market investors and marks a fresh start for them.
What Is Diwali Muhurat Trading?
Muhurat trading is a special one-hour trading session conducted on the day of Diwali. It is considered an auspicious occasion to start new ventures and is believed to bring good fortune. Muhurat trading is a symbolic trading session and has no impact on the regular trading hours of the stock markets.
Significance of Muhurat Trading
While Muhurat trading is symbolic and does not significantly impact overall market trends, the sentiment during this session is often positive. Traders may be more inclined to make token purchases or sales as a gesture to participate in the tradition.
Muhurat Trading 2023 Time and Date
The Muhurat trading session for 2023 will take place on Sunday, November 12, 2023, from 6:00 PM to 7:15 PM Indian Standard Time.
Here Are The Key Details About Muhurat Trading 2023:
- Date: Sunday, November 12, 2023
- Time: 6:00 PM to 7:15 PM IST
- Duration: 1 hour and 15 minutes
- Segments: Equity, commodity derivatives, currency derivatives, equity futures & options, and securities lending & borrowing (SLB)
There will also be a block deal window that will open at 5:45 PM and trade modification will be permitted until 7:25 PM. The closing session will take place from 7:25 PM to 7:35 PM.
