14 | November | 2012 | wealthymatters

Govardhan Pooja And Annakuta

November 14, 2012 2 Comments

wealthymatters.com Annakuta is the fourth day of the Diwali festival, just the day after the main Diwali day. It falls on the first day of the fortnight of the waxing moon, also known as Shukla Paksha, in the Hindu month of Kartik.

This is a very special day for the devotees of Krishna, who celebrate it as the anniversary of the day Krishna instituted the worship of the Govardhan Hill.

Long ago,on the day after Diwali the residents of Vrindavan used to worship Indra. Indra was the demi-god in charge of rains and the people believed that unless he was appeased Indra would withhold the rains and ruin the crops. Read more of this post

Filed under Tidbits Tagged with Annakuta, Bhagavata Purana, Chhapan Bhoga, Diwali, feasting, Festivals, Fourth Day Of Diwali, Govardhan Pooja, Hinduism, India, postaday, Vrindavan

Taash Parties

November 14, 2012 2 Comments

wealthymatters.com A taash (card) party is a ‘get-together’ of a group of friends and family around Diwali.

A variety of card games and games of chance are played.The most popular is Teen Patti (three-card brag). The bets can range from petty cash to lakhs of rupees.

Taash parties are loud and colourful family affairs where everyone dresses up and wagers money and makes merry as the food and drink flows.

The tradition of gambling on Diwali has a legend behind it. It is believed that on this day, Goddess Parvati played dice with her husband Lord Shiva and being pleased with her winnings ,decreed that whosoever gambled on Diwali night would prosper throughout the ensuing year. So this tradition of gambling on Diwali continues even to-day. This episode has been immortalized in stone in the 8th century Kailashnath Temple in Ellora. Read more of this post

Filed under Tool Kit Tagged with aptitude to risk money, betting, Card Parties, dice, gambling, postaday, Taash Parties, Teen Patti, the stakes, wagering

Muhurat Trading

November 14, 2012 6 Comments

The festival of Diwali is associated with Laxmi, the goddess of wealth; it is considered an auspicious time for spending and earning money. The customary trading tradition on the day of Diwali is unique to India where markets open for a short duration in the evening to pay obeisance to Lakshmi, the Hindu goddess of wealth and prosperity. This Muhurat Trading is a centuries old tradition. The day holds significance as it marks the beginning of the New Year, as per the Marwari tradition.Also the Gujarati new year begins a day after Diwali.

More often than not, the benchmark indices have ended higher, albeit by a small margin. The time for trading is specified by the exchanges and usually takes place for about an hour.This year,the Muhurat trading happened on 13 November between 3:30pm and 5:15pm.

Muhurat trading happens not only in stock markets but also commodity exchanges. Major commodity exchanges like MCX, NCDEX and others were open for trade from 5:30 pm to 8pm. Read more of this post