New Delhi, Sep 22 (NationPress) The National Stock Exchange (NSE) has officially announced a special one-hour Muhurat Trading session scheduled for October 21 in celebration of Diwali, marking the start of the new Samvat year.

As per the exchange's circular, the trading window will be open from 1:45 p.m. to 2:45 p.m., with a 15-minute pre-open session starting at 1:30 p.m. until 1:45 p.m..

Trade modifications will be permitted until 2:55 p.m., and all trades executed during this session will carry settlement obligations similar to those during regular trading hours.

Typically, stock markets remain closed during Diwali Lakshmi Puja, but this symbolic Muhurat session is conducted each year to signify the beginning of the Vikram Samvat year in the Hindu calendar.

This year marks the commencement of Samvat 2082.

Notably, this session will occur in the afternoon rather than the usual evening time. The Bombay Stock Exchange (BSE) is also expected to conduct a similar session, although the exact timing has yet to be revealed.

Muhurat trading is deemed auspicious by traders and investors, who believe that engaging in the market during this period fosters financial growth and prosperity.

Although the session is brief, market activity is often volatile, with investor sentiment frequently outweighing profitability in trading decisions.

During this hour, traders engage in both symbolic and significant trades, operating under the belief that this practice will attract wealth and good fortune as the new financial year commences.

Over the years, the Muhurat session has evolved into an important cultural and financial tradition, merging market participation with festive celebrations and highlighting the enduring influence of sentiment and optimism in the Indian stock markets.