Diwali muhurat trading is a special trading session that takes place on Diwali, a significant festival in India. According to the evidence, this session is typically marked by a dip in the stock market indices, such as the Sensex and Nifty. The evidence states that in a rare occurrence, the Sensex and Nifty closed lower during the muhurat trading session for the first time in nine years.
The muhurat trading session is a brief period, usually lasting around 30 minutes, and is considered auspicious for trading. It is believed to bring good luck and prosperity to traders. However, the evidence does not provide information on the specific duration of the muhurat trading session or its significance beyond the market performance.
The evidence highlights the unusual market performance on Diwali, where the Sensex and Nifty closed lower during the muhurat trading session. This event is significant, as it marks a deviation from the typical market trends observed during this period.