'Muhurat' Trading on Bourses to be for 75 Minutes this Diwali
The “muhurat” trading session will be conducted for 75 minutes on the Diwali day, November 13, on leading bourses NSE and BSE. The special trading session would be conducted to pay obeisance to Lakshmi, the Hindu goddess of wealth and prosperity. It would also mark the New Year for traders as per the Hindu calendar, or Samwat 2069.
The tradition of muhurat trading dates back over a century. Trading would be conducted between 1545 hrs and 1700 hrs on the day, as per information available with the exchanges. Earlier, the exchanges had announced that muhurat trading session would be for 45-minutes. The tradings would be done in segments like capital market, future and options and stock lending and borrowing (SLB). Last year, bourses had held the trade between 1645 hrs and 1800 hrs.
News source: Economic Times