Muhurat Trading Session at Bombay Stock Exchange in the Samvat Year 2065
The Bombay Stock Exchange Limited (BSE) welcomes the Samvat Year 2065 with the Lakshmi Puja and the Muhurat Trading Session on Tuesday, October 28, 2008 from 6.15 p.m. to 7.15 p.m.
The significance of today’s trading session is the felicitation of the 10 top volume drivers in the Equity segment for the year 2007 -2008. The names appear alphabetically:
Angel Broking Ltd.
BLB Ltd.
Bonanza Portfolio Ltd.
Edelweiss Securities Ltd.
Kotak Securities Ltd
Marwadi Shares and Finance Ltd.
Morgan Stanley India Company Pvt. Ltd.
Motilal Oswal Securities Ltd.
OPG Securities Ltd.
Sharekhan Ltd.
MUHURAT TRADING :
Muhurat (auspicious) ‘Muhurat trading’ marks the beginning of the new trading year for the Gujarati community, who form the bulk of share brokers in India.
For the trading communities of the north the new financial year begins with Diwali. That is the reason puja is performed for account books, safes and tijoris on Dhanteras as well as on Diwali day. A coin is placed on the account books before the puja which is supposed to signify wealth , and the coin is preserved and again used in the puja in the next Diwali.
The stock brokers perform “Chopra pooja” at the exchange and a customary ‘muhurat trading’ trading takes place at the stock exchange, when the SENSEX invariably notches up a few points even in a bad market. The story goes that on the night of Lakshmi Puja , the Goddess comes to reside at the place of the puja, that is the reason the traders and shopkeepers keep awake with lights burning all night to welcome Lakshmi any time she chooses to come.
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