Diwali Muhurat Trading 2023 to take place on November 12 from 6 pm to 7:15 pm
ET Now quoting the BSE on 27 October. Considered an auspicious occasion to begin anything new, including investing in the stock market, Muhurat Trading is the special trading session conducted by the exchanges on the occasion of Diwali.
During Diwali, the exchanges are open only for one hour, where traders punch in token trades to mark the start of the new year. Investors buy stocks during Muhurat Trading and believe that buying stocks at this time will bring them bring them wealth and good luck throughout the year.
On Diwali, the stock traders start new settlement accounts. Though the markets are shut for regular trading, they open for that one hour on that day.
Apart from this, the trades executed during the special session are settled on the same day. As per details, there is a 15-minute pre-opening session and a closing session to settle all the trades.
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