Business
Stock market on Diwali 2025: What is Muhurat trading & what is it’s significance? Explained – The Times of India
Muhurat Trading: As Diwali 2025 approaches, the BSE and NSE will remain closed on Tuesday, October 21, for Lakshmi Puja. The only market activity on October 21 will be the one-hour Muhurat Trading session, a traditional ritual marking the start of the Hindu financial year. This year, the session will run from 1:45 PM to 2:45 PM.Though many households will celebrate Lakshmi Puja on the evening of October 20, the stock exchanges will officially observe the holiday the next day. Markets will also remain closed on Wednesday (October 22) for Balipratipada, Dhanteras (October 18) and the weekend (October 19).
What is Muhurat Trading?
Muhurat Trading, literally meaning “auspicious hour,” is a symbolic trading session held annually during Diwali. It is considered a favourable time to begin new investments or business ventures, reflecting optimism and faith in prosperity. It is a special one-hour session on the stock market, during which trading is permitted across equities, futures and options, currency and commodity derivatives, and securities lending and borrowing (SLB). This year, unlike recent years, the session will take place in the afternoon rather than the evening, with trade modifications allowed until 2:55 PM.
What is the significance of Muhurat Trading ?
The session marks the start of Hindu New Year (Samvat 2082), symbolising renewal, prosperity, and good fortune for investors. Historically, the session has been positive for markets: in 14 of the last 18 Muhurat Trading sessions, the BSESensex closed higher. Even during turbulent periods, such as the 2008 financial crisis, the Sensex rose 5.86% during Muhurat Trading, ET reported.Experts note that while the session is short and often volatile due to thin trading volumes, it is more symbolic than profit-driven. However, investors typically view the session scheduled on October 21, 2025, from 1:45 PM to 2:45 PM, as both a cultural and financial ritual, with many believing that investments made during this auspicious hour can bring prosperity and good fortune for the year ahead.
Business
Pensioners in Walsall see energy bills ‘quadruple overnight’
Rachel AlexanderLocal Democracy Reporter
LDRSPensioners living in two tower blocks said they felt like “second class citizens” after a social landlord quadrupled their heating and hot water bills overnight.
It was now cheaper to boil a full kettle than it was to fill a washing up bowl with warm water, according to residents in Woodall and Hamilton House, in Bloxwich, Walsall.
On 1 October, tenants in Woodall House saw their prices go from 4p per kWh to 13.75p, while the unit price in Hamilton House increased from 4p to 17.67p per kWh.
The landlord Walsall Housing Group (WHG) said it could no longer afford to subsidise “low rates” and that customers with concerns could contact them for help.
The firm removed individual gas boilers from flats in 2021 for safety reasons, and installed a central heat network at both blocks.
Although the firm covered a “large part” of the cost, bosses said it was no longer sustainable to continue subsidising energy rates.
According to energy price comparison website Uswitch, the average cost of gas in the UK is 6.29p per kWh and 26.35p per kWh for electricity.
Resident David Turner, 73, said he was “very frugal” with his heating, adding that he only had the heating on in one room.
“Even then I’m using £3 a day,” he said. “It is really astronomical. I wouldn’t expect everybody else to do what I’m doing. I’ve got arthritis so I do feel the cold.”
Kathleen Haughton, 96, said she could not understand the new prices.
“We had a meeting in the community room and they’d already put it up,” she said.
“We’d like to see the prices go down. You’ve got to have your heating on sitting in your flat.”
‘Second class citizens’
LDRSWHG said the average user was still paying less than the national average for hot water and heating.
Bloxwich East councillor Mark Statham criticised the housing provider for the difference in prices between the two blocks.
“The only way you can get to the blocks being different prices is if they analyse how much they make from each block and divide it by how much it costs to run it,” he said.
Compounding the issue, the heating went off in Hamilton House for about 16 hours over the weekend, which residents claimed was almost a monthly occurrence.
“I think it’s bordering on an insult,” Mr Turner said. “It’s treating us as second class citizens to a degree.” He added: “We know inflation increases but this is more than inflation.”
‘Not sustainable’ to subsidise energy bills
Rob Gilham, a director at WHG, said the firm would never plan to make a profit from heat supply.
“For several years we’ve kept charges far below the true cost by covering a large part of the expense ourselves,” he said.
“Customers have been paying around £200 per year on average for heating and hot water, well below expected energy costs for these types of properties.
“It was not sustainable to continue subsidising these low rates for a small number of customers.”
Mr Gilham said the increase meant customers were now paying the “full and fair” cost of the energy they use.
An average user would pay between £412 and £530 he said compared to the national average of £1,266, according to regulator Ofgem.
“We understand that some people are making careful choices about how they use energy, and we urge anyone who is struggling to contact us.
“We offer confidential money advice and one-to-one support, and no customer will ever be disadvantaged for raising a concern.”
Business
Markets End 4-Day Losing Streak, Sensex Closes At Points 85,265; Rupee Gains
Mumbai: Snapping a four-day losing streak, Indian stock markets ended higher on Thursday, helped by buying in IT shares as the rupee traded positive with gains against the US dollar.
Gains, however, stayed modest as investors turned cautious ahead of the RBI Monetary Policy Committee’s decision scheduled for Friday.
The Sensex closed at 85,265.32, rising 158.5 points or 0.19 per cent. The Nifty also moved up, finishing at 26,033, higher by 47.75 points or 0.18 per cent.
“The index mostly remained below the 21 EMA on the hourly chart, reflecting sustained selling pressure during the session,” analysts said.
“Technically, the 26,100–26,150 zone is expected to act as crucial resistance, while support is placed at 25,900–25,950,” they added.
“A fall below 26,000 may trigger a quick correction towards 25,950–25,900, as the chart setup appears weak on the hourly timeframe,” market watchers stated.
Broader market performance remained weak. The Nifty MidCap 100 index ended almost flat with a slight negative bias, while the Nifty SmallCap 100 slipped 0.24 per cent.
Among sectoral indices, Nifty IT was the biggest mover, jumping 1.4 per cent. Realty, FMCG, Auto, Pharma, Metal, and Chemical indices also saw buying interest.
On the other hand, Nifty Media dropped 1.45 per cent, and Bank, Financial Services, Consumer Durables, and Oil & Gas sectors also declined.
On the Sensex, the top gainers included TCS, Bharat Electronics, Tech Mahindra, Infosys, and HCL Tech.
Major laggards were Reliance Industries, Maruti Suzuki, Kotak Mahindra Bank, Titan, and Eternal.
Analysts said that the market managed a positive finish but stayed cautious as investors awaited key policy cues from the RBI.
“IT stocks outperformed, buoyed by renewed optimism around potential Fed rate cuts and favourable currency tailwinds, which strengthened investor appetite for the sector,” experts added.
Rupee traded positive with gains of 0.28 paise at 89.91 as markets await the RBI policy on Friday, especially after the currency hit all-time lows this week.
“Rupee range is seen between 89.80–90.25, with a breakout potentially taking it toward 89.25 on the upside or 90.75 on further weakness,” analysts said.
Business
RFK Jr.’s vaccine panel to vote on changing hepatitis B shot recommendation for babies
U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. looks on as he attends a press conference to discuss health insurance reform, at the Department of Health and Human Services in Washington, D.C., U.S., June 23, 2025.
Kevin Mohatt | Reuters
Health and Human Services Secretary Robert F. Kennedy Jr.’s hand-picked vaccine committee is scheduled to vote Thursday on whether to change a longstanding recommendation that every baby get vaccinated against hepatitis B within 24 hours of birth.
It’s unclear if the panel, called the Advisory Committee on Immunization Practices, or ACIP, will significantly delay or eliminate that so-called birth dose of the shot entirely. The group tabled a vote on the vaccine in September because some members called for a more robust discussion first.
But either change could have wide-ranging consequences: Some public health experts say that having fewer newborns vaccinated against the virus could risk an increase in chronic infections among children.
Hepatitis B, which can be passed from mother to baby during childbirth, can lead to liver disease and early death. There is no cure.
“We have a vaccine that is highly effective at preventing an incurable disease. We should take full advantage of that,” Neil Maniar, a public health professor at Northeastern University, told CNBC.
The birth dose recommendation was introduced in 1991 and is credited with driving down infections in kids by 99% since then. Maniar called that a “remarkable success story that we run the risk of reversing” if the committee changes the recommendation.
Decisions by the panel are not legally binding, as it is up to states to mandate immunizations. But ACIP’s recommendations have significant implications for whether private insurance plans and government assistance programs cover the vaccines at no cost for eligible children.
The panel’s upcoming two-day meeting in Atlanta comes after Kennedy earlier this year gutted the committee and appointed 12 new members, including some well-known vaccine critics. During the meeting in September, some advisors raised questions about whether the benefits of the shot outweigh potential safety risks.
But the jab is “an incredibly safe vaccine with minimal risks,” Dr. Sean O’Leary, chair of the American Academy of Pediatrics’ Committee on Infectious Diseases, said during a media briefing Tuesday.
“I never once saw a fever actually associated with hepatitis B vaccine,” said O’Leary, who practiced for eight years as a general pediatrician and worked in a newborn nursery.
The AAP, which publishes its own vaccine schedule, still recommends the universal birth dose of the hepatitis B vaccine because “it saves lives,” he added.
A new review, published Tuesday, of more than 400 studies spanning four decades also found no evidence that delaying the universal hepatitis B vaccine birth dose improves safety or effectiveness. The review also found that the birth dose does not cause any short- or long-term serious adverse events or deaths.
A 2024 CDC study showed that the current vaccination schedule has helped prevent more than 6 million hepatitis B infections and nearly 1 million hepatitis B-related hospitalizations.
Merck and GSK manufacture the hepatitis B vaccines used starting at birth. Neither of the shots are significant revenue drivers for the companies.
Still, Merck during the panel’s September meeting pushed back on changing the recommendation.
“The reconsideration of the newborn Hepatitis B vaccination on the established schedule poses a grave risk to the health of children and to the public, which could lead to a resurgence of preventable infectious diseases,” Dr. Richard Haupt, Merck’s head of global medical and scientific affairs for vaccines and infectious diseases, said at the time.
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