Stock Market Holiday: All trading activities across the nation will be closed on account of Diwali Balipratipada, including action at stock markets. BSE and NSE will remain closed on November 14 for Diwali Balipratipada.
Multi Commodity Exchange (MCX) will remain shut for the morning session on November 14, and open for the evening session the same day, according to its website, MCXIndia.com. MCX conducts morning sessions from 9 am to 5 pm, and evening sessions from 5 pm to 11:30/11:55 pm.
Diwali Muhurat Trading
The Diwali Muhurat Trading for the new Samvat will be held on 12 November from 6 pm to 7.15 pm, according to the BSE.
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.
Apart from this, the trades executed during the special session are settled on the same day. As per the details, there is a 15-minute pre-opening and closing sessions and to settle all the trades.
Investors buy stocks during Muhurat Trading and believe that buying them at this time will 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 one hour on that day.
Muhurat Trading significance:
The Muhurat Trading is considered significant as investors see it as an opportunity to begin their investment journey on an auspicious note and add new stocks to their portfolios. They also increase their holdings in existing stocks.
In the past two Muhurat sessions, stock markets have closed in the green on this day, as Sensex and Nifty gained 0.88 percent each on the Muhurat Trading in 2022, and the two indices moved up by 0.49 percent each in 2021.
Market movements are expected to be volatile during the one-hour Muhurat Trading session.
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