Diwali Muhurat: To trade or not to trade?

Every year, Dalal Street marks Diwali with a customary one-hour Muhurat trading session. With Sensex giving negative returns only 12 times on Diwali in the past 43 years, you might think that goddess Laxmi blesses the market that night. However, the average return has been a lowly 0.3 per cent.

In addition, like the yin to the yang, the index has fallen 28 times the very next day, which means there is a 65 per cent chance of the index falling the next day.