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Glossary term

Muhurat Trading

Also called: Muhurat trading session, Muhurat session, Diwali Muhurat trading, Muhurat trading hours, Muhurat trading timings, Mahurat trading.

Muhurat Trading is a short, special session that the NSE and BSE hold for Diwali (Laxmi Pujan). Hindu tradition treats it as an auspicious time. It marks the start of the new Samvat year. It is much shorter than a normal trading day. Diwali falls on a different date each year. So each exchange sets the date and the timings in a circular of its own, close to the day.

How it is read

Many people treat it as a symbolic session, driven by tradition. It is not a normal full trading day. Inside its window the usual exchange steps still apply. There is a pre-open stage first. Continuous trading comes next. The closing stages follow. Trades made in it are real, and they settle like any other trade. Many people place a small token trade to mark the new Samvat year.

What it does not tell you

Muhurat Trading does not show where the market will go. It does not show what any share will do afterwards. The session is far shorter than a normal day. So its volume, depth and price moves cannot be compared with a full trading day. They are not a signal. The date and the timings are not fixed in advance. Only that year's exchange circular confirms them. A past year's timings are not a guide. Outside the announced window, the market does not trade that day.

Reference. NSE annual trading-holiday circular, and that year's Muhurat trading circular (for 2026, NSE/CMTR/71775 and NSE/CMTR/76941).
The lesson that uses this term

How do market hours and holidays work?

Market hours depend on the segment, meaning a group of products. Cash stocks are company shares bought or sold directly. Some stocks also have derivatives, meaning contracts such as options based on them. Near the close, those stocks enter a closing auction that sets one closing price. Other stocks keep trading. Holidays stop regular sessions, and special sessions are announced separately.

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