Mahurat is the stock market trading activity for an hour on the auspicious occasion of Diwali.
Muhurat trading in the stock market happens for about an hour on Diwali day. Usually, this trading session is held in the evening. It is a symbolic ritual which has been performed for years.Stock broker's offices take on a distinctly ethnic look with neatly designed rangoli patterns and innumerable diyas lined up to welcome Goddess Lakshmi. Muhurat trading is one of the many links the broking community retains with its rich past. The practice of muhurat trading has been retained and observed for ages. The time of the muhurat trading is specified by the stock exchange. A nominal trading time is allowed. Usually, the Sensex closes on a higher note on the muhurat trading day. Most traders buy on this day. The traders on Dalal street welcome the New Year on a positive note. The traditional muhurat trading on the day of Diwali still retains much significance for many traders. Many start the New Year with traditional ceremonies. 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 intra-day profits, however small they may be.MAHURAT TRADING 2013:
Muhurat trading is approximately an hour of trading that happens on Diwlai (Laxmi Puja) day, usually in the evening. The time for Muhurat trading changes every year. The pre-open session this year will start from 5.30 pm on the day of Diwali and client code modification would be allowed between 8 and 8.15 pm, the exchanges said separately. The trading time will remain same for domestic-traded commodities and for global commodities like bullion, metals, crude, polymers and carbon credits, they added. Trades made on this day are more for traditional, religious and sentimental reasons, Brokers and investors will make token investments and usually hold the stock for a year or so. So also book intra-day profits. However, the next day after the Muhurat trading day, the market has always seen a rally. Over the last 10 odd years, Muhurat trading has seen markets perform well on the Muhurat day and show positive returns. If you want to experience Muhurat Day trading you could make a token investment keep in mind the basic fundamentals of investing. But, keep in mind, for lay investors it’s always the long-term strategy of investments based on your financial goals that week.
No comments:
Post a Comment