Muhurat Trading 2018: Invest In Stocks

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TRADE WITH AXISDIRECT ON THE AUSPICIOUS OCASSION OF DIWALI!

As Diwali marks the beginning of the New Year, Muhurat trading on this day brings you an opportunity to help you create wealth and prosperity.

Usually on the auspicious occasion on Diwali evening , markets open for an hour and Muhurat trading is done during the non-scheduled trading hour.

It is held during evening hour and is announced by the stock market exchanges notifying traders and investors. This hour is derived from Gujarati culture (dominant sect of people in Dalal Street) who do similar trading on hours of Diwali. This year Muhurat Trading is going to be conducted from 6:30 pm to 7:30 pm on 7 th November 2018

SIGINIFICANCE OF MUHURAT TRADING

Muhurat trading is a symbolic ritual which has been performed for years and investors usually make important investments on this day. 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. The traders on Dalal Street welcome the New Year on a positive note. The illuminated offices of BSE and NSE announce the time of the trading. All investors wait for this time and make auspicious purchases. The Sensex closes on a higher note after Muhurat trading.
As per the Hindu calendar, the Muhurat signifies an ‘auspicious hour’. Hindu mythology believes that the alignment of planets during ‘Muhurat’ hour on the Diwali day makes the hour auspicious and fruitful. Thus, all the investments done during this hour are expected to provide fruitful returns.
Along with stocks, commodities exchanges also have Muhurat trading hours.

BENEFITS OF MUHURAT TRADING

Muhurat trading is a tradition that creates wealth. Traditional businessmen used to buy silver and gold on the auspicious day of Diwali and kept the same as family fortune. They rarely used to sell the family gold or silver, they only sold it in case of some emergency. Following the similar tradition in Capital markets, investors the tradition of Muhurat trading is to inculcate the habit of buying stocks of companies with an intention to hold them for longer terms.
Today, many traders do not buy stocks with an intention to hold them for long terms. The Muhurat trading forms a better habit of investing prudently and holding the stocks to receive better gains. This good habit helps the investors to create wealth and not just focus on making short term profits. It is better to start the practice of long term investments on the day of Diwali during the Muhurat trading.

HISTORY OF MUHURAT TRADING

Muhurat trading started as a form of investing money in order to receive better returns for a longer term on an auspicious day, during the most fruitful hour of the day. Families used to invest in silver, gold, property, commodities etc and added them to family’s wealth. Stock traders, on the similar lines, buy stocks and keep them for longer durations as they add to the family’s wealth.
This habit not only provides better returns but also teaches discipline and patience to the modern day traders.