Muhurat Trading And The Year Ahead
October 30, 2013 Leave a comment
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.
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.
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