Tuesday, October 28, 2008

Mahurat trading

many domestic trading houses had anyway stopped trading on Diwali and mainly do a 100rs toke trading to appease the lady goddess of wealth in India.

This year , Vikram Samvat 2065, chances are bleak that we have any volume trading for the day. There was once an aura of auspicious ness for this hindu new year but with online brokerage and the platform shift from floor trading to other forms , it is now a call depending on FII investments mainly.


Though out of the last 7 year, 4 years we have seen some amount of rallying moving towards Diwali but the Financial new year in April 1 and January 1 the calendar new year has somehow taken the limelight from the Hindu new year in the stock market.


Number of foreign players riding the market seems to be the likely cause for the same.


Anyway, nothing much on the marketing side today , Was viewing a Diwali special on CNBC 18 with Udayan Mukherjee hosting the day for Rakesh Jhunjhuwala and Sameer Arora.



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