Indians believe strongly in Mururat as an auspicious moment or window for undertaking any new endeavors or activities, and when starting something new. Muhurat in Devanagari Hindi means an auspicious time or the perfect moment to embark on something fresh or bold.
As with anything we buy, when making purchases we look for an optimal time and place to make them so they bring us prosperity in life. Diwali marks not only joy, prosperity and lights but is also considered by Gujarati and Marwari communities to mark the beginning of a new year (known as Samvat in Hindu calender terms).
Let’s find out. Traders and investors alike should look forward to every New Year as an opportunity for growth and investments.
Muhurat Trading: Concept mes Each Diwali, BSE and NSE (Indian stock exchanges) organize an hour-long special trading session called Muhurat Trading for one hour only. This term refers to their special one hour trading sessions that happen around Diwali.
As previously stated, New Year is seen as being particularly auspicious and is thus marked with special ceremonies to welcome in Goddess Laxmi as she symbolizes wealth and prosperity into our homes; similarly stockbrokers and businessmen worship their account books to bring in prosperity into their businesses.
Muhurat trading has long been observed by traders worldwide as part of an auspicious tradition, in the belief that the coming year will bring wealth and prosperity. Therefore, on this auspicious day they buy long term assets from strong fundamentals with hopes that wealth and success await them during 2019.
Muhurat Trading: What Is its Significance? Gujarati and Marwari communities believe Deepawali marks the start of a new year or Samvat; therefore many traders and businesses close out old ledgers and create new ledgers to mark this beginning.
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Muhurat trading has been around for more than fifty years, yet traders continue to practice it today – something special indeed for them.
Traders celebrate this symbolic and ancient ritual by purchasing shares they hope will bring prosperity and wealth through Goddess Laxmi’s blessing. Many communities even believe this practice should continue into future generations by holding onto these shares without selling or disposing of them, so selecting strong companies with great management practices and vision are necessary components for their celebration.
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