Multi Commodity Exchange of India Limited (MCX) has already announced that it will hold a special Muhurat Trading on Saturday 14 November 2020 on the occasion of Diwali. Contracts of all commodities will be available for Muhurat Trading on the day, the exchange said.
Market timings: The market timings for MCX Muhurat Trading session on 14 November will be as under:
Special Session will be at 6:00 pm to 6:14 pm, Trading Session between 6:15 pm and 7:15 pm Client Code Modification Session 7:15 pm to 7:30 pm.
Exchanges in India, including NSE and BSE, hold special trading on the occasion of Diwali and this is called the Mahurat Trading session. The session, which lasts for an hour, is considered auspicious to make purchases and begin the traditional Hindu accounting year, called Samvat. It is believed that buying small quantities of shares on this occasion of Muharnat can bring the blessings of Goddess Lakshmi, the goddess of wealth and prosperity, throughout the Samvat year. Historically, the market impetus is positive during the Mahurat Trading and is become a symbolic ritual for the Indian trading community for over half a century.
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