Diwali Muhurat trading from 6. 15 PM today

BSE and NSE will conduct the Muhurat trading session between 6.30pm and 7.30pm on Diwali day, while a pre-opening session will start at 6.15pm

Mumbai

Bombay Stock Exchange BSE Ltd and the National Stock Exchange (NSE) said they will conduct a special Muhurat trading session on Thursday, 19 October. The Muhurat trading, which is conducted to mark Diwali, will be held between 6.30pm and 7.30pm, the stock exchanges said. The pre-opening session will start at 6.15pm.
Mahurat trading(also pronounced Muhurat) refers to the trading activity in the Indian stock market on the auspicious occasion of Diwali. Usually, it is held during evening hour and is announced by the stock market exchanges notifying traders and investors of the non-scheduled trading hour. This hour is derived from Gujarati culture(dominant sect of people in Dalal Street) who do similar trading on hours of Diwali.

For the trading communities of the north India, the new financial year begins with Diwali. A puja is performed to accounts books and safes on Dhanteras as well as on Diwali day to signify the beginning of a new year. A coin – which signifies wealth – is placed on the account books before the puja. Stock brokers perform ‘Lakshmi Puja’ at the exchange and the customary Muhurat trading takes place. It is believed that on the night of Lakshmi Puja, the Goddess comes to reside at the place of the puja during which the traders and shopkeepers stay awake with lights burning all night.

As Diwali also marks the beginning of the New Year, it is believed that Muhurat trading on this day brings in wealth and prosperity throughout the year. An auspicious beginning is thus made on the first day of the year.

List of brokerage firms who gave Buy Call for top companies from BSE & NSE for this Diwali Muhurat Trading 2017.