The stock market is closed all day except for one hour for the Muhurat Trading Session in view of the Deepavali festival. According to beliefs, muhurat trade brings wealth and prosperity throughout the next year. Before the commencement of the Muhurta session, traders perform Chopra Puja in which accounting books are worshiped.

                               


Muhurta trading started in 1957

Muhurta trading started on the BSE in 1957. It started with two major trading communities, Gujaratis and Marwari people. Every Diwali has a century-old tradition of worshiping his leadership and wealth. It has come in the NSE since 1992. Both BSE and NSE trade for one hour on Diwali evening.

This year Muhurat Trading will start at 6:15 pm and will run till 7:15 pm on 14 November. The Pre-Open Muhurta session will run from 6:00 pm to 6:08 pm and the post closing Muhurta will be between 7.25 to 7.35. 

The Muhurta is an occasion in which the investment and business communities remember Lakshmi, the goddess of wealth and prosperity, and celebrate the Samvat or the beginning of the new year.

Jaikishan Senior Equity Research Analyst at Angel Broking Ltd Jaikishan Parmar says that Muhurta is considered an auspicious time according to the Hindu calendar. And during this hour the planet sets itself in such a way that the work done during this time gives good results and prosperity. He also says that the market is usually strong during Muhurat trading due to optimism of traders. But Parmar advises traders to work hard in the proper information before investing their money.