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Muhurat Trading And The Year Ahead


wealthymatters

While it is generally believed that muhurat  trading ensures prosperity in the year ahead,the rise or fall of the SENSEX on the day of Muhurat trading has no correlation with SENSEX values in the year ahead.

For example,on Diwali Trading in 2012,the SENSEX declined half a percent but the benchmark index has risen almost 10% since then.

In 2010,the SENSEX gained half a percent on Muhurat day but declined 18% in the course of the following year.

In 2008,the benchmark index gained 6% on Muhurat trading and gained 92% in the course of the following year.

 

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Muhurat Trading


wealthymatters.com

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

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