Leading stock exchanges BSE and NSE will celebrate Diwali with a one-hour special “Muhurat” trading session on Sunday night, following the esteemed custom. For stock market activities, it is seen as an auspicious window. The session will run from 6 p.m. to 7:15 p.m., including a 15-minute pre-market portion.
The start of the new Hindu year, or Vikram Samvat, or “Samvat 2080,” will be commemorated with a special symbolic trading session. It is stated that doing this ceremony will bring success and wealth all year long.
Block deal, pre-open, main trading, call auction, and closing session are the five sessions that make up the trading session.
The first stage is called a block deal session, during which dealers agree to purchase or sell stocks at a set price and notify the stock exchange of their plans.
The stock exchange sets the opening price during the pre-open session by considering supply and demand. This normally lasts for eight minutes or so.
The focal point of Muhurat trade, which lasts for about an hour, is the major trading window.
Illiquid securities (trades involving securities that are not regularly traded) are conducted during call auction sessions.
The final stage in which investors or traders can place a market order at a closing price is known as the closing session.
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