Check Details of Trading Time, Significance, Details & More During Lakshmi Pujan
Despite it being a Sunday (12th November), the BSE and NSE will be open for business for an hour today, November 12, due to the Diwali Mahurat trade.
As per further information, from 6 to 7.15 p.m., the window for the symbolic trading session will be open. It includes a 15-minute pre-market session.
What is Mahurat Trading?
Since Diwali is regarded as a lucky day for stock investments, the Indian market exchanges open a symbolic hour-long session for Mahurat trading each year.
Market analysts predict a high level of interest and participation because Diwali is regarded as the “ideal time to start anything new” and trading during this session is supposed to benefit investors year-round.
Trading at the “muhurat,” or auspicious hour, is said to bring wealth and financial success. As a result, the one-hour window is opened on Diwali every year even though regular trading is suspended.
During the 15-minute pre-opening and closing sessions on the same day, all trades executed during the Muhurat session are settled.
On October 24, the previous year, the BSE and NSE were open for business from 6.15 to 7.15 p.m. for Muhurat trading.
Probable Trading Options During Mahurat
All market segments will have open trading windows. Thus, you can invest in securities lending and borrowing (SLB), equity futures and options, commodity derivatives, currency derivatives, and equity futures and options all at the same time.
Notably, during the Muhurat trading sessions in 2022 and 2021, the markets closed in the green. Both the Nifty and the Sensex increased by 0.49 percent in 2021 and 0.88 percent during the previous session.
In general, volatile market movements are anticipated during today’s session.
Timings of Mahurat Trading
The stock exchanges will hold the Muhurat trading today, November 12, between 6-7.15 pm. According to separate circulars from the stock exchanges, this includes a pre-market session from 6 to 6.08 pm.
Furthermore, at 5:45 pm, the block deal window will open. The muhurat trading session for the commodity and currency derivative segment will be held from 6:15 to 7:15 p.m.
Notably, in order to accommodate any modifications, the trade modification will be available until 7:25 pm.