By A Staff Reporter: Festival of Lights - Diwali is an auspicious time according to Hindu calendar. It symbolizes the victory of light over darkness, knowledge over ignorance and good over evil. Like any religious festival, Diwali has a plethora of beliefs, customs and traditions surrounding it. One such tradition is muhurat trading.
What is the meaning of muhurat trading? Let's look at the word muhurat. The word muhurat means an auspicious time. In Hindu tradition, muhurat is a time when the planets align favorably to ensure positive results. Muhurat trading is a common practice followed by traders in India. It is one hour period for investing in shares which is considered auspicious on the day of Diwali. Stock exchanges fix specific trading hours every year.
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According to belief, people who trade during this one hour have a better chance of earning wealth and prosperity throughout the year. Usually, this time is in the evening of Diwali and most people prefer to buy stock as a symbol of Goddess Lakshmi. This is unique only to the Indian stock market.
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