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Purnima is the last day of the sukla paksha of the maasa or month of the telugu calendar. It marks the end of the waxing phase of the moon. Purnima Is considered to be auspicious for hindus. It is one of the sacred days for hindus.
This month purnima date is 08th October, 2014. Since this falls on hindu month of Ashwin, it is called as Ashwin Purnima. Many festivals fall on this day and are celebrated with lot of devotion. It is considered auspicious for performing many vrats on this day. Moon is also one of the Navagrahas and is powerful on this day.