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
Are you up for some Diwali Fun?Why not try your hand at this
King Bali of Kerala was a generous ruler but also very ambitious. To propitiate the Gods he performed a Yagna (fire sacrifice). His Yagna was so successful that even the gods were terrified to appear before him and grant him a boon for fear that he might ask for something which was beyond their capacity. Some of the Gods pleaded with Lord Vishnu to check King Bali’s power. Lord Vishnu came to earth in the form of a dwarf dressed as priest(Vamana).
Considering buying gold?Not beyond indulging in a bit of superstition?
wealthymatters 