India, Oct. 19 -- As the festival of lights approaches, the Indian stock market decks up for its Diwali special 'muhurat trading'.

First introduced by the Bombay Stock Exchange in 1957 and later adopted by the National Stock Exchange in 1992, India's stock exchanges open for a special one-hour trading session known as Muhurat Trading every year. A tradition rooted in ancient customs, traders mark Diwali by opening new account books and invoking the blessings of Goddess Lakshmi.

The muhurat trading session is considered as a good omen to invest, as Diwali marks the start of a new Samvat year. Trading volumes during Muhurat trading are usually light.

Enthusiastic investors also look for Muhurat trading, which is set to occur between 1.45...