Professional Documents
Culture Documents
Whatismuhurattrading 131018071418 Phpapp01
Whatismuhurattrading 131018071418 Phpapp01
A New Year
A new year means a new beginning for many. The calendar year followed by the world indicates 1 January as the start of a new year. For most Hindus, the new year begins in summer. However, in Gujarati and Marwari traditions, the new year starts on Diwali. Indias stock markets are
Muhurat Trading
The festival of Diwali is celebrated across the country as everyone welcomes the goddess of wealth Lakshmi. It is considered an auspicious time to earn and spend money. Since wealth creation is a big function of the stock market Diwali is an important day.
The stock exchanges open for Muhurat Trading - a special trading session
that marks the beginning of the traditional New Year. Muhurat means Auspicious hour . Muhurat trading is one of the oldest customs at the stock market and is practiced with utmost fervour.
into their offices to perform puja and trade during this auspicious period.
For the business community, the new financial year begins with Diwali as they perform the Chopda or Sharda Puja where old account books or Ledgers are closed and new ones open marking the start of a promising new business year.
trading.
Volumes are usually very thin as most are only making a symbolic purchase. Most traders choose to buy on this day as it is considered positive.
a small margin.
Since 1992, the Sensex has ended in the positive 71% of the time with an average gain of 1% or so on Diwali day .
Thank You
Read More
Website
Disclaimer: Kotak Securities Limited, Registered Address: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E) Mumbai 400 051. Correspondence Address: 6th Floor, Kotak Infinity, Building No. 21, Infinity Park, Off Western Express Highway, General AK Vaidya Marg, Malad (East), Mumbai 400097. Tel no: 66056825. SEBI Registration Numbers: NSE INB/INF/INE 230808130, BSE INB 010808153 / INF 011133230, OTC INB 200808136, MCX-SX INE 260808130/ INB 260808135/INF 260808135 , NSDL IN-DP-NSDL-23-97, CDSL IN-DP-CDSL-158-2001, AMFI ARN 0164. Compliance Officer - Mr. Sandeep Chordia. Tel. No: 022 6605 6825. Email id: ks.compliance@kotak.com. In case you require any clarification or have any concern, kindly write to us at below email ids: For Trading Account related queries: service.securities@kotak.com For Demat Account related queries: ks.demat@kotak.com. Alternatively, you may feel free to contact our customer service desk at our toll free numbers 18002099191 or 1800222299. You may also call at 30305757 by using your city STD code as a prefix. In case you wish to escalate your concern / query, please write to us at ks.escalation@kotak.com and if you feel you are still unheard, write to our customer service HOD at ks.servicehead@kotak.com.