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Finsense Gurukul

8 Nov, 9 tweets, 2 min read

Everyone knows that the stock market is closed on Holidays. But, one day, the stock market is open i.e., on DIWALI.

The story of - Muhurat Trading

A Thread 🧵👇

1/ Muhurat trading is an activity in the Indian stock market which is done on the auspicious occasion of Diwali. Muhurat is a Hindi word meaning ‘auspicious time’. In the Hindu calendar, a muhurat is said to occur when the planets are assigned to bring good fortune & prosperity.

2/ Each year, the stock exchange announces a one-hour session dedicated to Diwali for trading. The muhurat time is usually in the evening. Traders and investors buy or sell stocks on the NSE & BSE during muhurat trading time as a symbolic gesture.

3/ By doing so, they hope that wealth and prosperity will follow them the rest of the year. People worship their account books and cash chests on this occasion is common among the Gujaratis and Marwaris – two communities that dominate India’s trade & commerce.

4/ Stockbrokers perform ‘Chopra Pooja’ i.e. worshipping of account books at stock exchanges, before the customary 'Muhurat Trading'.

5/ When it started ?
Special Diwali trading has been conducted on the BSE since 1957 & on NSE, since 1992.

Following is the performance of Muhurat trading, since 1992.

6/ Trading on this day is symbolic & an old ritual, which has been followed by the trading community for over half a century. It is believed that buying a small quantity of shares on this occasion can bring the blessings of Goddess Lakshmi, the goddess of wealth and prosperity.

7/ This year the Muhurat trading is on Saturday, 14th November 2020 from 6:15 pm to 7:15 pm.

Following is the market schedule of muhurat trading :-

@ShubhamAggarwl

8/ Unpopular Fact - On this special occasion, some brokers waive off their brokerage charges like zero brokerage on all Intraday, F&O and commodity trades.

BY :- @ShubhamAggarwl

End of Thread. Stay Tuned for another thread soon. 🔔

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