How is the participations of FIIs DIIs institutions on Muhurat day ?
Do they trade on that day? Do they generate volume liquidity and open inerest on Muhurat trading day ?
Majoritily ; intraday traders are more or delivery based traders are more on the Muhurat day ?
Generally; traders buy more or sell more on the Muhurat day ?
Who trades more on such day ? Retailers or fund house or institutions?
On account of Lakshmi Puja, a special trading session will be held tomorrow. Intraday equity profits from Nov 12 & 13, and F&O credits from Nov 13 will not be available as margin. Continuing with our tradition, brokerage for all trades during the Muhurat trading session will be waived off. Meaning ? no brokerage?
@Bhuvan@ShubhS9
I had asked the same question to Kuvera team and they responded as under:
Diwali Muhurat Trading is only for Indian Equities (stocks) and not for mutual funds. Hence 14th November would be treated as non business days for mutual fund transactions.
You would notice, NAV would not be declared by the AMC on 14, 15 & 16/Nov. This is because these dates (14, 15 & 16/Nov) are Non Working Days for Mutual Fund Settlement. We understand that Equity markets opened for a small interval on 14/Nov on occasion of Muhurat Trading but this does not impact settlement cycle of Mutual Funds.
As you would know, all orders placed on Non working days are processed on next working day. Hence, all orders placed on 14, 15 & 16/Nov would be get processed as orders of 17/Nov.