Muhurat Trading is a unique practice in Indian stock markets that occurs on the first day of the Hindu new year, Diwali. This auspicious occasion is believed to bring good fortune and prosperity, and investors view it as an opportunity to start the new year on a positive note.
The tradition of Muhurat Trading has deep cultural roots in India. It is believed that trading on this day can bring blessings from the Goddess Lakshmi, who is associated with wealth and prosperity. The ritual typically begins with a puja (prayer) to invoke her blessings, followed by symbolic trading of stocks.
While Muhurat Trading is primarily a cultural and symbolic event, it has also gained significant attention from investors. Many investors believe that it sets a positive tone for the rest of the year. However, it's important to note that the performance of the market on Muhurat Trading day is not necessarily indicative of future trends.