I understand there is some special Muhurat trading on 11th Nov on occasion of Laxmi Puja. Can someone tell me what is this for, and what does Samvat 2072 mean?
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Muhurat Trading: The customary trading tradition on the day of Diwali is unique to India where markets open for a short duration to pay obeisance to Lakshmi, the Hindu goddess of wealth and prosperity (Lakshmi Puja). Lots of traders and market old hands use Deepawali (Lakshmi Puja) as a reference point to record how they and the markets have fared in a year. This is a legacy from days when traders and businesses used to end the financial year at the change of the lunar ‘Samvat’ year on Deepavali.
The Muhurat trading that is conducted on Lakshmi Puja on NSE & BSE is a centuries-old tradition and the day holds significance as it marks the beginning of the new year, as per the Hindu calendar or Samvat 2072 (Year 2015 as per the English calendar).
This November 11, 2015, Muhurat Trading would be conducted:
- Between 5:30 PM and 6.45 PM for stock exchanges.
- Between 5.45 pm and 7.45 PM for commodity exchanges.
Do check out our tool – Zerodha Circulars, which keeps you updated with all the important circulars from exchanges and regulators.
Customarily, new traders start trading in the capital markets on this day and old ones usually buy some stock to mark the beginning of the year. Historically, the broader indices have stayed positive on this day and news channels with prominent personalities discuss their prediction for the next Samvat, this time 2072.
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Intraday trading is available today or not?
Stock markets remain open for a special trading session to mark the start of new Samvat -the New Year for the trading community. Traders and investors traditionally make token purchases of stocks during the so-called Muhurat trading session. To maximise profits from shares please visit buysellunlistedshares.com
We had sent an email on this, intraday available upto 15 mins before market closing.
from the email
Muhurat trading this year will be conducted on Wednesday, November 11, 2015.
Market timings
5.30 pm to 6.45 pm - Equity & F&O & Currency F&O (NSE, BSE, MCX-SX)
5.45 pm to 7.45 pm - Commodity (MCX)
All MIS (intraday only) positions will be squared off 15 minutes prior to market closing.
To know more about significance of Samvat 2072 & Muhurat Trading, visit this link on tradingqna.