Stories
Muhurat Trading Likely to Shift to Afternoon Following Market Requests
- •Stock brokers and market participants have requested stock exchanges to hold Muhurat Trading during the daytime this Diwali, similar to last year.
- •A proposed trading slot between 2:20 pm and 3:20 pm is currently under discussion by the exchanges, preceded by block deal and pre-open sessions.
- •Associations like ANMI and industry leaders emphasize that an afternoon slot promotes work-life balance and allows market professionals to celebrate Diwali with their families.
- •Brokers noted that strict post-trade compliance and reporting requirements in evening sessions often prevent employees from enjoying the festival.
- •Exchanges are yet to issue official circulars regarding the final schedule after consulting each other.
Key Questions Answered
Market participants and brokers have proposed an afternoon session, and under discussion is a slot between 2:20 pm and 3:20 pm, which would be preceded by a block deal window from 1:50 pm to 2:05 pm and a pre-open session from 2:05 pm to 2:20 pm.
Brokers and industry bodies like ANMI have urged exchanges to shift Muhurat Trading to the afternoon to maintain work-life balance and tradition, allowing thousands of employees and professionals to complete compliance work and celebrate Diwali with their families during the evening.
This year, Diwali falls on November 8. Although it is a Sunday, the special Muhurat Trading session is expected to be held on that day to mark the beginning of the new Hindu financial year under the Vikram Samvat calendar.
