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Media Release
BSE Celebrates Diwali 2003 with Laxmi Puja and Muhurat Trading Diwali has special significance for The Stock Exchange, Mumbai (BSE). This year, the Exchange would be celebrating Diwali by organising a grand event. Smt. Hema Malini, Hon'ble Member of Parliament and India's leading film artist and personality has consented to attend the Laxmi Puja. The Laxmi Puja which would be held between 4:00 p.m. and 5:00 p.m. and is expected to be attended by a large number of professionals from the capital markets, banking sector, and financial services alongwith their families. The Puja would be followed by Muhurat Trading. At the function, the broking community and their families exchange sweets and greet each other. The festival is of cheerfulness, togetherness, and renewal of life. The Exchange entrance would be decorated in a traditional manner with flowers and rangoli. And of course lights and diyas which welcome the festival of lights. Diwali is the festival when the new business year begins and Goddess Lakshmi, who represents good fortune and wealth is worshipped. Muhurat trading takes place on the Third day of the festival period of Diwali which is the last day of the Vikram Samavat year and hence most important day of Lakshmi-Puja, devoted entirely to the worship of Goddess Lakshmi. On this day "Chopada-Puja" is done by the business community. Brokers perform "Chopada puja" to invoke Goddess Laxmi for progress and prosperity and do 'Muhurat (auspicious) trading' or symbolic auspicious business deals to mark the beginning of the new Vikram Samavat. On this day, the sun enters the star sign Libra, symbolised by a balance or scales. So, brokers balance their books for the year that has closed and perform Puja of their fresh account books for the new year. This is done by invoking the blessings of Goddess Lakshmi and Shri Ganesh for better business and prosperity during the coming year. Dr. Bandiram Prasad C.G.M.- Corporate Communications October 22, 2003 |
