Exchanges BSE and the National Stock Exchange (NSE) will conduct their special Muhurat trading session on November 8, on the occasion of Diwali Laxmi Pujan, from 2:20 pm to 3:30 pm, according to circulars issued by the exchanges today.
The 70-minute continuous trading window will be preceded by a block deal session from 1:50 pm to 2:05 pm and a regular pre-open session from 2:05 pm to 2:20 pm. The exchanges have also specified separate arrangements for initial public offerings (IPOs), relisted shares, illiquid securities and securities eligible for the closing auction session.
Moneycontrol had exclusively reported today, that, exchanges may consider the request from market participants and schedule Muhurt Trading during the day time. Last year, also, Muhurat Trading was shifted to the afternoon, from 1:45 pm to 2:45 pm, instead of the customary evening slot.
During the regular pre-open session, investors will be able to place, modify and cancel both limit and market orders between 2:05 pm and 2:10 pm. From 2:10 pm to 2:15 pm, only limit orders will be permitted. Order matching and trade confirmation will take place between 2:15 pm and 2:17 pm, followed by a buffer period until continuous trading begins at 2:20 pm.
For IPOs and relisted securities, the special pre-open session will run from 2:05 pm to 2:50 pm, with random closure during the final 10 minutes. Continuous trading in these securities will begin at 3:05 pm and continue until 3:30 pm.