All You Need To Know About Diwali Muhurat Trading 2021
The stock markets will open for one hour special Muhurat Trading session on Diwali, November 4, to mark the beginning of Samvat 2078, the Hindu New Year. This special session is meant to give a window to investors to make trades on the auspicious day of Diwali. This year, the Muhurat trading session will begin at 6:15 pm and end at 7:15 pm on Thursday, November 4. Last year, domestic stock markets made a strong start to Samvat 2077 with benchmark indices Sensex and Nifty closing at record highs in the special, one-hour trading session on Diwali to mark the beginning of Samvat 2077.
Also Read:Â Infosys, Hindalco, Coforge Among Anand Rathi's Top Diwali Stock Picks
In Samvat 2077, the Sensex and Nifty gave phenomenal returns to investors by surging 40 per cent to record highs on the back of strong global liquidity, containment of COVID-19 cases, significant pickup in vaccination and sharp recovery in corporate earnings.
Meanwhile, the broader markets outperformed benchmark indices as Midcap and Smallcap indices jumped more than 70 per cent.
"With the economic cycle picking up, we expect the corporate earnings growth to revive as well. Markets have always moved in tandem with earnings growth. Although there would be ups and downs in-between, we expect the overall trend of the market to remain positive in Samvat 2078 as wel," said Motilal Oswal - MD & CEO, Motilal Oswal Financial Services.
Here is the Market Schedule On Diwali's Muhurat Trading Session:
- Pre Open: 6:00 PM-6:15 PM
- Normal Market: 6:15 PM-7:15 PM
- Closing Session: 7:25 PM-7:35 PM
- F&O, Currency (CDS), MCX: 6:15 PM-7:15 PM
History of Muhurat Trading Session
BSE and NSE have been holding the special Muhurat trading sessions since 1957 and 1992 respectively. Traditionally, stock brokers opened new settlement accounts for their clients on the day of Diwali.
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