The Indian stock market will be closed on Monday on the occasion of Diwali. However, during the evening, both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will open for an hour for Muhurat trading.
Muhurat trading will be conducted for an hour at on Monday, on the occasion of Diwali (Representative Image)
{{^htLoading}} {{/htLoading}}
On Diwali, trading in the equity and derivate segment will begin at 6:15, and conclude at 7:15pm, reported HT's sister website Mint, citing notices by BSE and NSE. On the other hand, the pre-open session will commence at 6pm and last till 6:08pm.
What is Muhurat trading?
Muhurat trading commemorates the start of a new ‘Vikram Samvat,' also known as just ‘Samvat,' and which is a historical calendar used in the Indian subcontinent. According to Hindu mythology, Muhurat is considered auspicious to begin something new or good. Therefore, at the start of a new ‘Samvat,’ the business community open their account books.
On Diwali, Hindus seeks blessings of Goddess Laxmi. On the BSE, the practice of Muhurat trading began in 1957, and, for NSE, in 1992.
{{^htLoading}} {{/htLoading}}
{{^usCountry}}
The upcoming Samvat, which is 2079, looks ‘much brighter and more promising,’ and the Indian economy stands in a sweet spot of growth and remains the land of stability against the backdrop of a volatile global economy, said domestic brokerage and research firm Axis Securities.
{{/usCountry}}
{{#usCountry}}
The upcoming Samvat, which is 2079, looks ‘much brighter and more promising,’ and the Indian economy stands in a sweet spot of growth and remains the land of stability against the backdrop of a volatile global economy, said domestic brokerage and research firm Axis Securities.
{{/usCountry}}
Meanwhile, after Monday, the stock market will not open on Wednesday as well, on account of Diwali Balipratiprada festival.
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Home/Business/Diwali 2022: Stock market to open for Muhurat Trading tomorrow, check timings
{{^htLoading}}
Advertisement
{{/htLoading}}
SHARE THIS ARTICLE ON
{{#usCountry}}{{/usCountry}}
Hindustantimes wants to start sending you push notifications. Click allow to subscribe
