Indian stock exchanges BSE and NSE have listed 24 October 2022 as a trading holiday on account of Diwali, Laxmi Pujan. However, both exchanges will remain open for one hour on the day for muhurat trading. Muhurat trading is the auspicious stock market trading for an hour on Diwali. It is a 50-year-old tradition that has been retained by the trading community. As Diwali marks the beginning of the New Year according to the Hindu calendar, it is believed that muhurat trading on this day brings wealth and prosperity throughout the year.
According to the circular, trading in equity, equity, and derivatives segment will start at evening 6:15 PM and will end after one hour at 7:15 PM. The pre-open session will begin at 6:00 PM and it will end at 6:08 PM. All trades executed at the Indian stock market in Diwali 2022 muhurat trading session shall result in settlement obligation. For Capital Markets segment, block deal session timings are 5:45 PM to 6:00 PM. The pre-open session will start at 6 PM and end at 6:08 PM, whole call auction illiquid session timings are 6:20 PM to 7:05 PM. Trade modification cut-off time is 7:15 PM to 7:45 PM.
