Share Market News / The stock market will remain closed for these many days from Gandhi Jayanti to Christmas

Share Market News: The last three months of the year are full of festivals and holidays, and during this time many business activities are also affected. The stock market is also not untouched by this. BSE (Bombay Stock Exchange) and other major financial markets will remain closed due to many major national festivals from Gandhi Jayanti to Christmas. There will be no trading in the stock market as well as equity derivatives and SLB (stock lending and borrowing) segments during these days. Let us know on which days the stock market will remain closed in these three months and what will be its effect on the business world.

Stock market holidays from October to December

According to the BSE Holiday Calendar 2024, the stock market will be closed on October 2 on the occasion of Mahatma Gandhi Jayanti. After this, there will be no trading in the stock market on Diwali day on November 1. Even though the market is closed on the occasion of Diwali, a special Muhurat trading session will be organized on the night of Diwali, the timing of which has not been announced yet. In the same month, the stock market will also be closed on November 15 on the day of Guru Nanak Jayanti. The last holiday will be on December 25 on the occasion of Christmas, when the stock market as well as all other major financial segments will remain closed.

Current stock market situation

The Indian stock market is currently trading at record highs. Experts believe that the Sensex may cross the 90,000 mark by the end of the year. Recently, the Sensex touched a new lifetime high when it reached 85,978.25 points during the trading session. However, the market closed with a slight decline on Friday, and the Sensex closed at 85,571.85 points, down 264.27 points. At the same time, the National Stock Exchange (NSE)'s key index Nifty also closed at 26,178.95 points, down 37 points.

MCX also affected

The Multi Commodity Exchange (MCX) trades in two sessions: the first session runs from 9 am to 5 pm and the second session runs from 5 pm to 11:30 pm. Both sessions of MCX will be closed on October 2 on the occasion of Mahatma Gandhi Jayanti. On November 1, the morning session will be closed on Diwali, while the evening session will be on. On November 15, the morning session will be closed on the occasion of Guru Nanak Jayanti and on December 25, both sessions will be closed on Christmas Day.

Effect of market holidays

These stock market holidays will have a direct impact on traders and investors, as neither trading nor any kind of financial transaction will be done on these days. However, the closure of the market will give companies and investors an opportunity to reconsider their strategies, especially when the market is trading at the highest level.

During these holidays, investors are advised to make their investment decisions keeping in mind their trading schedule, so that there is no adverse effect of the market closure.