The National Stock Exchange (NSE) and BSE will hold their annual Diwali Muhurat trading session on Friday, November 1, from 6:00 PM to 7:00 PM, marking the beginning of the Hindu calendar year, Samvat 2081.
While the stock market will be closed for trading on Diwali, the special one-hour Muhurat trading session will be open in the evening. A pre-opening session will be conducted from 5:45 PM-6:00 PM, the exchanges said in separate circulars on Saturday.
Muhurat session coincides with Laxmi Pujan, which celebrates wealth and prosperity. Investors trade in this session to welcome good fortune and mark the beginning of Samvat 2081.
Historically, investors have seen positive returns, with the BSE Sensex closing higher in 16 of the last 20 special sessions. However, the post-Muhurat trading session has not always been as favorable, with the index falling 12 times in the last 20 years.