Festival of lights, happiness, and sharing of gifts has arrived i.e, Diwali. Unlike humans, Indian bourses are also maintaining the same aesthetic by organizing the Mahurat Trading session every year as it is considered the beginning of the traditional New Year. Muhurat means ‘Auspicious time’. Muhurat trading is one of the oldest customs at the stock market and is practiced with utmost zeal.
On the day of Mahurat Trading, stock exchanges and brokers come into their offices to perform puja and trade during this auspicious period. For the business community, the new financial year begins with Diwali as they perform the ‘Chopda’ or ‘Sharda’ Puja where old account books or Ledgers are closed and new ones open marking the start of a promising new business year as sentimental values are added to the returns of the portfolio.
Muhurat Trading Timing 2019:
The pre-opening session will be held between 6 pm and 6:08 pm. The opening bell ceremony will be held at 6.15 pm and trading will continue for an hour up to 7.15 pm.
Wish all tradesman Happy Diwali, good fortune and wealth!
Diwali Muhurat Trading- Importance & Timings- http://www.advisorymandi.com/blog/diwali-muhurat-trading-importance-timings/