Diwali is celebrated on Ashwayuja Bahula Amaavaasya. Usually it comes in the month of October/November. This day is considered as a precious day for starting a new business and extending an existing business. Lakshmi (Goddess of wealth) Puja is carried out on this day to favor their businesses.
Muhurat trading is held on BSE and NSE on the day of Diwali (Laxmi Puja) for half an hour/an hour. This time it falls on Saturday but still Muhurat trading will be held on October 17th 2009 from 6:15 PM to 7:45 PM. On this day most of the traders/investors buy at least a few quantity of shares. Most of the people believe that they would get benefited from the trades done on that day. In 2008, in spite of all the negative news of recession Sensex went up sharply.
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Sathish Emmadi
Sathish Emmadi is a co-founder & editor at Lastbull.com. He is presently working in IT for one of the world’s top mutual fund companies. Handled multiple projects in BFSI (Banking,Financial Services and Insurance) domain. An Engineering Graduate from NITW.
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