Bourses to hold 1-hour Diwali muhurat trading session on October 27

BSE and NSE will conduct one-hour special muhurat trading session on the occasion of Diwali on October 27.

New Delhi:Leading stock exchanges BSE and NSE will conduct one-hour special muhurat trading session on the occasion of Diwali on October 27.

The session trading would be held between 18:15 hours and 19:15 hours, the stock exchanges said in separate circulars.

All trades executed in this Diwali Muhurat trading session would result in settlement obligations, NSE said.

The session also marks the beginning of a new Samvat the Hindu calendar year that starts on Diwali and it is believed that muhurat trading brings prosperity and wealth throughout the year.

The exchanges will remain closed October 28 on the occasion of Diwali Balipratipada.