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Markets to open for Muhurat trade at 3.45 p.m. on Diwali

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The National Stock Exchange of India Ltd (NSE) and Bombay Stock Exchange Ltd (BSE) will conduct a 75-minute Muhurat Trading Session on account of Diwali on Tuesday. According to the timings notified by both the exchanges, live trading for capital markets will take place from 3.45 p.m. to 5 p.m. for the Muhurat Trading Session for the Samavat year 2069.

Unlike previous years, Muhurut trading will taking place late afternoon this time around. Last year, bourses had held the trade between 4.45 p.m. and 6 p.m.

The special trading session is conducted to pay obeisance to Lakshmi, the Hindu goddess of wealth and prosperity. It also marks the New Year for traders as per the Hindu calendar, or Samwat 2069. The tradition of Muhurat trading dates back over a century.

Transactions done during the Muhurat Trading Session will be settled as a separate settlement.

Cash segment:

Live trading will take place between 3.45 p.m. and 5.00 p.m. on both the exchanges.

Futures segment:

3.45 p.m. to 5 p.m. -- Live trading

Currency derivative segment (NSE):

3.30 p.m. to 5 p.m. - Live trading.

Shares bought on November 12 should not be sold on November 13 as trades done on both these days will be settled together on November 16. The timings for pay-in schedule for stocks sold on November 12 and November 13 will be at 09.30 a.m. and 1.30 p.m. respectively on November 16, 2012 respectively.

The daily mark to market settlement for Futures and premium settlement for Options, for trades done in F&O Segment on November 13 will take place on November 15.


(With inputs from agencies)

Story first published on: November 13, 2012 12:46 (IST)

Tags: Muhurat trading


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