Business
Muhurat Trading 2025 Live Updates: Special One-Hour Market Session Today; RIL, HDFC Bank, SBI In Focus
Diwali Muhurat Trading 2025 Time Live Updates: The special one-hour Muhurat trading session on both the BSE and the NSE will take place between 1:45 pm and 2:45 pm on October 21, with a pre-opening session from 1:30 pm to 1:45 pm, as per exchange notifications. The new session also ushers in Vikram Samvat 2082, the Hindu New Year that begins on Diwali. Traditionally, trading during the ‘Muhurat’ session, the auspicious hour, is believed to bring prosperity and financial growth to investors.
According to official schedules, all trades executed during the Muhurat session will carry regular settlement obligations, meaning delivery and payment duties for buyers and sellers will be settled as on any normal trading day.
V K Vijayakumar, chief investment strategist at Geojit Investments Ltd, said, “The important takeaway from Samvat 2081 is India’s huge underperformance. Even though there are many reasons, including Trump tariffs, for this underperformance, the single major factor is the sharp decline in India’s earnings growth to 5 per cent in FY25 from average 24 per cent during the three years before that. Since ‘in the long run, the market is a slave of earnings’ the major trend, going forward, will depend on how earnings growth pans out. The fiscal and monetary reforms implemented this year has started showing results.”
Particularly, the sales of automobiles and white goods have shot up early this festive season and, if this trend sustains, earnings growth will be good at around 8 per cent to 10 per cent in FY 26, accelerating to around 15 per cent in FY27. If this expectation materialises, the market will rally in Samvat 2082 compensating for the underperformance of Samvat 2081. In the short run the market may get a leg up from a possible India- US trade deal, but the long-term trend will be dictated by earnings growth, he added.
Muhurat trading is a long-standing Diwali tradition first introduced by the Bombay Stock Exchange (BSE) in 1957, and later adopted by the National Stock Exchange (NSE) in 1992.
Historically, brokers performed Chopda Pujan, a ritualistic worship of account books, during this auspicious hour to mark the beginning of the new financial year with prosperity and good fortune.
Technical View
Rupak De, senior technical analyst at LKP Securities, said, “The market started with a gap-up (in the previous session on Monday) and remained volatile throughout the day. On the higher end, Nifty touched a high of 25,926 before closing around 25,850. Though there was some profit-taking at higher levels, the overall sentiment is likely to remain strong, with the potential to reach 26,000-26,200 in the short term. The technical setup remains positive as long as the index stays above 25,700, below which it may move back into consolidation.”
Jennifer MeierhansBusiness reporter
Getty ImagesJazz singer Billie van der Westhuizen started using Vinted about six months ago to sell clothes and shoes she hadn’t worn for ages.
“I got really into it and was selling loads of stuff,” she says. “Then I got a message saying I needed to enter my National Insurance number. It wasn’t clear at all why it was asking.”
Vinted users who have sold 30 items or made £1,700 in a year are being asked for their NI number, leaving many like Billie confused and some panicking that they will have to pay tax.
But this is not about any tax changes – it’s due to reporting rules for websites and apps that allow users to sell goods or services, including eBay, Etsy, Depop and AirBnb.
Billie, 30, from London, says she entered her NI number as prompted but in hindsight was not sure what it was about.
Billie van der Westhuizen“I just sent it but I thought there’s no way they could tax the amount of money I’ve made off this,” she says.
“If I was making thousands maybe, but I reckon I’ve made maybe £500 and I’m selling things for less than I paid for them.”
The pop-up alert Billie received sends Vinted users to a form asking for their name, address and NI number “as required by UK law”.
Some Vinted sellers have posted screenshots of the messages on TikTok and Instagram asking if they have to give their details, and if they do, will they be taxed.
VintedOne user posted on Reddit: “Vinted is asking for my National Insurance number, does this mean I have to pay taxes? I barely make money on Vinted – what happens if I ignore this?”
Chartered accountant Abigail Foster says while a lot of people may panic when asked for tax information by Vinted, for most users this is nothing to worry about.
“If you’re simply selling your own second-hand clothes or household items, you won’t owe any tax, even when Vinted shares that data with HMRC,” she says.
“This rule is aimed at people who are effectively running a resale business, not those decluttering their wardrobes.”
It would be very easy for HMRC to tell if someone was trading by checking for multiple listings of the same product or items bought and quickly resold for higher prices, she adds.
New reporting requirements for digital platforms came into effect on 1 January 2024 with the government saying they would help it “bear down on tax evasion”.
Vinted sellers reported receiving in-app messages asking for their NI number around this time last year.
Information must be shared with HMRC by the end of the calendar year that sellers hit the 30 item or £1,700 threshold, according to Vinted.
VintedAn HMRC spokesperson said: “People remain responsible for their own tax affairs, and for assessing whether they need to complete a tax return to report trading income.
“As your side hustle grows, any unpaid tax might come under the spotlight.
“This could lead to an unexpected and possibly very large tax bill if you haven’t told us about the extra money you’ve been earning. That’s why it’s really important to stay on top of your tax affairs.”
Research commissioned by HMRC in 2022 suggested around one in 10 UK adults participated in what it called the “hidden economy” – earnings that are entirely or partially concealed from the tax authority to avoid paying taxes.
What are the tax rules for online selling?
- Platforms must tell HMRC about anyone who sells more than 30 items or whose total sales hit £1,700 in a year
- This does not automatically mean these people have to pay tax
- Selling your own clothes or other items is not taxable if you’re selling them for less than you originally paid as you are not making a profit
- Tax only applies if you are buying stock to resell, or making more than £1,000 in profit per year
- If you sell an item for more than £6,000, you may need to pay Capital Gains Tax.
- You can use HMRC’s online tool to check if you need to tell the authority about your income
The announcement that England’s group stage matches in the World Cup will kick off before midnight is a “welcome boost” for pubs and bars, the boss of an industry body has said.
There had been some concerns among fans that late fixtures could curtail celebrations as next summer’s tournament will take place in the US, Canada and Mexico, meaning some games will not start until 3am UK time.
Dates, kick off times and stadiums for group stage matches were confirmed on Saturday, with Thomas Tuchel’s side to face Croatia at 9pm UK time on June 17, 3pm local time in Texas, at the home of the Dallas Cowboys NFL team.
The second match against Ghana on June 23 is a 4pm kick-off in Boston, 9pm in the UK, while the final group game against Panama at the MetLife Stadium in East Rutherford, New Jersey, is a 5pm kick-off local time – 10pm in the UK on June 27.
Kate Nicholls, the chairwoman of UK Hospitality, said: “This news is a welcome boost for the hospitality industry.
“Everyone knows that if you aren’t able to attend the game itself, your local pub or bar is the next best place to do it.”
But there are concerns that venues in Scotland risk missing out on that boost with later kick-offs for their national team.
There will be late nights for armchair fans watching Scotland’s games, with the opening game against Haiti in Boston kicking off at 9pm local time – 2am on June 14 back at home.
The second game against Morocco on June 19 is also in Boston, kicking off at 6pm – 11pm in the UK, and in the final group match they will take on Brazil in Miami on June 24, again at 6pm, or 11pm in the UK.
Paul Togneri, of the Scottish Beer and Pub Association, called for flexibility from licensing boards following the announcement.
“This is a once-in-a-generation moment for Scotland fans and should be a major boost for Scotland’s pubs, but with kick-offs at 11pm and 2am, that opportunity is at risk,” he said.
“Each match should give an estimated £3 million boost to Scotland’s pubs but we need licensing boards to show flexibility and allow pubs to open their doors, that’s why we’re calling for temporary licensing statements for the whole of the tournament.
“People will rightly want to come together and celebrate, like they did a few weeks ago when we qualified. Let’s make sure they can do that in a safe, regulated environment, and give our pubs a chance to benefit from this incredible occasion. No Pubs, No Party.”
Football fans across the UK may appreciate the 8pm kick-off for the final, which will take place at the MetLife Stadium in New Jersey on July 19.
For England and Wales, the Government on Thursday launched a consultation on extending pub licensing hours for the tournament next summer.
If approved, already licensed venues could have their licensing hours extended for the semi-finals and final until 1am, if matches for England, Wales, Scotland or Northern Ireland kick-off at 9pm or earlier UK time.
The power was recently employed for the Women’s Euros in summer and it was also used during the King’s coronation in 2023.
Ms Nicholls said: “Big sporting events always provide a sales boost for the sector and operators will be pulling out all the stops to ensure fans get the very best experience, as they come together to cheer on the home nations teams this summer.”
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BENGALURU:
Meta has struck several commercial AI data agreements with news publishers including USA Today, People Inc, CNN, Fox News, The Daily Caller, Washington Examiner and Le Monde, the company said on Friday.
The tie-ups will allow the Facebook parent to provide “real-time” news and updates through its artificial intelligence chatbot by linking to articles and websites from the publishers.
The move comes as the social media giant looks to attract more users to its AI services amid increasing competition in the market.
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