Samvat 2076: All you need to know about Muhurat trading 2019

NEW DELHI: Equity markets conduct a symbolic one-hour trading session -- known as 'muhurat trading' -- on the occasion of Diwali every year. Worshipping account books and cash registers during this time is a common practice. The session marks the beginning of a new Hindu calendar year, Vikram Samvat 2076.
This year, the pre-opening session will be held from 6 pm to 6:08 pm on October 27, while the one-hour live trading session will start from 6:15 pm and continue for an hour up to 7:15 pm.Trades executed during this session would result in settlement obligations, NSE said.
Muhurat trading is session is held at the most auspicious hour of the day. It is a popular belief that trades executed during this time brings prosperity and wealth throughout the year.
The Bombay Stock Exchange (BSE) has been organising muhurat trading since 1957 whereas, the National Stock Exchange (NSE) started it in 1992.
Both the key indices had closed Hindu calendar year Samvat 2075 with smart gains. The sensex rallied 4,066.15 points or 11.62 per cent, while the Nifty soared 1,053.90 points or 10 per cent in Samvat 2075.
'Muhurat' means auspicious in Hindi, and many traders believe gains made during this session bring prosperity and wealth in the year ahead.
On the occasion of Diwali, stock exchanges hold the Muhurat Trading, one-hour session, which is considered auspicious to mark the beginning of the Hindu calendar year, called Samvat.
Stock markets will remain closed on Monday (October 28) on account of Diwali Balipratipada. Trading will resume on Tuesday (October 29).