Muhurat Trading- Samvat 2070
Dear Fellow Traders,
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 2070 (Year 2013 as per the English calendar).
This November 3, 2013, Muhurat Trading would be conducted:
- Between 6:15 PM and 7:30 PM for stock exchanges.
- Between 6:00 pm and 8:00 PM for commodity exchanges.
Do check out our new 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.
Traditionally, at Zerodha we waive all brokerage charges for trading done on Muhurat Trading Day as a thank you for doing business with us over the last year. This year too, all trades done on November 3, 2013 will attract no brokerage charges from us.
Hoping that the new year ( Samvat 2070) brings you a lot of health, wealth and happiness!
Happy Trading,
You mentioned that you’ll waive off all brokerage on trading but I’m charged for my trading on mahurat trading day, kindly let me know if its error or any hidden charges.
Good Zerodha, your are great
HAPPY DIWALI GREETINGS TO TEAM ZERODHA,AND TRADERS ,THANKS ALOT FOR WAIVING BROKERAGE ON MUHURAT TRADING DAY,AND THIS CONSIDERATION MAKE US A TEAM TO EXPLORE CAPITAL MARKET TOGETHER.
HAPPY DIWALI TO ALL
Good gesture by Zerodh for waiving brokerage on the Muhurat trading and hope its customers will reciprocate with equal warmth by reposing their faith and making big trades in times ahead for the prosperity of the company. Wishing such reciprocity to continue with lots more on each Muhurat session.
I think this is a very good initiative by Zerodha. Hope it is continued into 2017 and beyond too.
As there is a settlement holiday on Muhurat trading, can it possible to sell futures/options(new position) in normal order and buy back in the same day or in next trading session?
Vasant, settlement holiday only impacts equity purchases made in the last two days (it gets delivered one day late). No impact on F&O trades.
[…] Muharat Trading will be conducted on Thursday, October 23rd. Timing of Muharat trading shall be notified subsequently. […]
[…] Muharat Trading will be conducted on Thursday, October 23rd. Timing of Muharat trading shall be notified […]
HAPPY DIWALI GREETINGS TO TEAM ZERODHA,AND TRADERS ,THANKS ALOT FOR WAIVING BROKERAGE ON MUHURAT TRADING DAY,AND THIS CONSIDERATION MAKE US A TEAM TO EXPLORE CAPITAL MARKET TOGETHER.
HAPPY DIWALI TO ALL