Muhurat trading

2021-11-05T06:32:57Z

2402:3A80:6E7:7D46:A705:F7C:D924:1232:

{{Use dmy dates|date=February 2019}}
{{Use Indian English|date=February 2019}}
'''[[Muhurta|Muhurat]] trading''' is the trading activity in the Indian stock market on the occasion of [[Diwali]] (Deepawali), a big festival for citizens of India.<ref>{{Cite web|url=https://economictimes.indiatimes.com/markets/stocks/news/muhurat-trading-will-sensex-break-the-pattern-and-make-a-mark/articleshow/61141604.cms|title=Muhurat Trading: Will Sensex break the pattern and make a mark?|first=Amit|last=Mudgill|via=The Economic Times}}</ref> Usually, it is held during evening hour and is announced by the stock market exchanges notifying traders and investors of the non-scheduled trading hour.<ref>{{cite web|last=|first=|date=|title=Muhurat Trading Session|url=https://www.abovestocks.com/muhurat-trading-date-time-and-best-picks/|url-status=live|archive-url=|archive-date=|access-date=|website=}}</ref><ref>{{Cite web|title=NSE and BSE Muhurat Trading 2020 Date, Time, and Best Picks|url=https://www.abovestocks.com/muhurat-trading-date-time-and-best-picks/|access-date=2020-10-29|website=Above Stocks|language=en-US}}</ref> This hour is derived from [[Marwari people|Marwari]] and Gujarati or Indian [[Gujarati culture|culture]] (dominant sect of people in [[Dalal Street]]) who do similar trading on hours of Diwali.

==Trading activity==
[[Stock trader|Stock brokers']] offices take on a distinctly ethnic look with neatly designed [[rangoli]] patterns and innumerable [[Diya (light)|diyas]] lined up to welcome [[Lakshmi|Goddess Lakshmi]]. Muhurat trading is one of the many links the broking(trading) community retains with its rich past. The practice of Muhurat trading has been retained and observed for ages. The schedule of the muhurat trading is announced by the stock exchange and the [[BSE SENSEX|Sensex]] closes on a higher note at the ending of the trading hour. With this, the traders on [[Dalal Street]] welcome the New Year on a positive note. Many start the New Year with traditional ceremonies and [[Puja (Hinduism)|pujas]]. This tradition has been followed as a ritual for many years.

Muhurat trading is traditionally an occasion for an auspicious beginning to the traditional New Year. Investors place token orders and buy stocks for their children, which are held for the long term and sometimes never sold. Traders normally book their intraday profits, however small they may be.

==Tradition==
Amongst the several communities in West India and Hindu trading communities of north India, the new year begins with Diwali. A puja (ritual) is performed to accounts books and safes on [[Dhanteras]] as well as on Diwali day to signify the beginning of a new year. A coin - which signifies wealth - is placed on the account books before the puja. Stock brokers perform 'Lakshmi Puja' at the exchange and the customary Muhurat trading takes place. It is believed that on the night of [[Lakshmi Puja]], the Goddess comes to reside at the place of the puja during which the traders and shopkeepers stay awake with lights burning all night.

As Diwali also marks the beginning of the New Year, it is believed that Muhurat trading on this day brings in wealth and prosperity throughout the year. An auspicious beginning is thus made on the first day of the year.

==See also==
* [[National Stock Exchange of India]]

==References==
{{reflist}}

== External links ==
* [https://www1.nseindia.com/products/content/muh_trading_web.htm Mohurat trading] at National Stock Exchange, India website

[[Category:Stock exchanges in India]]
[[Category:Bombay Stock Exchange]]
[[Category:Indian culture]]

Bharatpedia - User contributions [en]

Muhurat trading