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Light The Right Equity Lamps

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Light The Right Equity Lamps
Light The Right Equity Lamps
Kundan Kishore - 29 September 2022
The concepts of wealth and prosperity are closely intertwined with the festival of Diwali. Several mythological legends explain why the goddess of wealth, Lakshmi, is worshipped on the occasion, but it is also said to mark the post-monsoon harvest celebration, a time to enjoy the fruits of labour and plan for the future. Author Devdutt Pattanaik says in a blogpost, “It all began as a post-monsoon harvest festival…. A time to balance the books and open new books of accounts. If the harvest was good, debts were repaid and both farmer and moneylenders celebrated their fortune. If harvests were bad, this was a time of intense prayer and rituals in (the) hope of a better future.” It is considered auspicious to invest in assets, such as real estate and gold, and now, even equities, during Diwali. Muhurat Trading, the symbolic hour-long trading session on the day of the festival, that has been taking place for more than 50 years, is a classic example of this belief. With more and more people investing in the stock market, Diwali investing is now synonymous with equity...
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