Muhurat trading is the trading activity in the Indian stock market on the occasion of

Diwali Diwali (), also called Deepavali (IAST: ''Dīpāvalī'') or Deepawali (IAST: ''Dīpāwalī''), is the Hindu festival of lights, with variations celebrated in other Indian religions such as Jainism and Sikhism. It symbolises the spiritual v ...

(Deepawali), a big festival for citizens of India. Usually, it is held during evening hour and is announced by the stock market exchanges notifying traders and investors of the non-scheduled trading hour.(dominant sect of people in

Dalal Street Dalal Street (), () is the metonym for the financial markets of India, the Indian financial services industry of the country as a whole, or the actual financial district itself. It is located in the Financial District of Fort in Mumbai and is ...

) who do similar trading on hours of Diwali.

Trading activity

Stock brokers' offices take on a distinctly ethnic look with neatly designed

rangoli Rangoli is an art form that originates from the Indian subcontinent, in which patterns are created on the floor or a tabletop using materials such as powdered limestone, red ochre, dry rice flour, coloured sand, quartz powder, Petal, flower ...

patterns and innumerable

diyas Zarina Diyas (; ; born 18 October 1993) is a Kazakh professional tennis player. She has been ranked as high as No. 31 by the WTA. Diyas has won one singles title on the WTA Tour, at the 2017 Japan Women's Open, along with nine singles titles ...

lined up to welcome

Goddess Lakshmi Lakshmi (; , , sometimes spelled Laxmi, ), also known as Shri (, , ), is one of the principal goddesses in Hinduism, revered as the goddess of wealth, fortune, prosperity, beauty, fertility, sovereignty, and abundance. She along with Parvat ...

. Muhurat trading is one of the many links the broking(trading) community retains with its rich past. The practice of Muhurat trading has been retained and observed for ages. The schedule of the muhurat trading is announced by the stock exchange and the Sensex closes on a higher note at the ending of the trading hour. With this, the traders on

welcome the New Year on a positive note. Many start the New Year with traditional ceremonies and pujas. This tradition has been followed as a ritual for many years. Muhurat trading is traditionally an occasion for an auspicious beginning to the traditional New Year. Investors place token orders and buy stocks for their children, which are held for the long term and sometimes never sold. Traders normally book their intraday profits, however small they may be.

Tradition

Amongst the several communities of India, the new year begins with Diwali. A puja (ritual) is performed to accounts books and safes on

Dhanteras Dhanatrayodashi (), also known as Dhanteras (), is the first day that marks the festival of Diwali or Tihar in most of India and Nepal It is celebrated on the thirteenth lunar day (Trayodashi) of Krishna Paksha (dark fortnight) in the Hind ...

as well as on Diwali day to signify the beginning of a new year. A coin - which signifies wealth - is placed on the account books before the puja. Stock brokers perform 'Lakshmi Puja' at the exchange and the customary Muhurat trading takes place. It is believed that on the night of

Lakshmi Puja Lakshmi Puja or Lokkhi Pujo ( Devnagari: लक्ष्मी पूजा, Bengali/Assamese: লক্ষ্মী পূজা, Odia: ଲକ୍ଷ୍ମୀ ପୂଜା, Romanised: Lakṣmī Pūjā/ Loķhī Pūjō) is a Hindu occasion for ...

, the Goddess comes to reside at the place of the puja during which the traders and shopkeepers stay awake with lights burning all night. As Diwali also marks the beginning of the New Year, it is believed that Muhurat trading on this day brings in wealth and prosperity throughout the year. An auspicious beginning is thus made on the first day of the year.

References

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External links

Mohurat trading
at National Stock Exchange, India website Stock exchanges in India Bombay Stock Exchange

Trading activity

Tradition

See also

References

External links