Diwali, also known as Deepavali, is a major Hindu festival celebrated in India and other countries with a significant Hindu population.
It is a festival of lights and signifies the victory of good over evil and knowledge over ignorance. It is celebrated for five days and is one of the most important festivals in the Hindu calendar.
As far as the stock markets are concerned, Diwali has been known to impact the Indian stock market, specifically the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) due to the customs and traditions associated with the festival.