Indian stock markets remain closed on Diwali for normal trading.
But Indian stock exchanges conduct a one-hour special Muhurat trading session annually on the auspicious occasion of Diwali.
The tradition will be continued this year too.
The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are all set to conduct the Muhurat trading 2020 today (November 14) on the occasion of Diwali.
As per media reports, the Muhurat trading session is scheduled to begin at 6:15 pm and end at 7:15 pm.
A pre-open Muhurat session will also be arranged from 6:00 pm to 6:08 pm while a post-closing Muhurat session will be conducted between 7:25 pm and 7:35 pm.
History and significance of Mahurat trading:
In 1957, it was decided that there should be trading at the Bombay Stock Exchange on Diwali to tap the benefits of Shubh Muhurats or the auspicious times.
It is believed that Muhurat trading brings prosperity and wealth.
The people of Dalal Street switch to a new accounting calendar on Diwali day.
The common belief among the traders is that during Muhurat times, the planets are aligned in such a manner that trading done during this time remains free from the influences of evil forces and anyone who invests in the market during this time is more likely to see a rewarding outcome.