From horse-drawn carriages to online trades: The 69-year history of Diwali Muhurat trading
India, Nov. 8 -- Today, buying shares during Diwali Muhurat trading takes just a few taps on a smartphone. But decades ago, the occasion looked very different on Mumbai's Dalal Street. Brokers gathered at the stock exchange with their families, performed prayers, distributed sweets and celebrated the festival together. Some even arrived in horse-drawn carriages.
(Also read: What is muhurat trading? Check timing, meaning and other details)
As Indian stock exchanges hold their special Diwali trading session on Sunday, November 8, the tradition, which began in 1957, enters its 69th year.
According to the National Stock Exchange's (NSE) November 2024 research report, Muhurat trading has been part of India's financial markets since 1957.
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