The stock market will remain closed today due to Guru Nanak Jayanti holiday
Friday will be a much-needed respite for the financial markets, which have been under strain this week and have experienced a significant decline.
The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will be closed today in honor of Guru Nanak Jayanti. Due to this holiday, trading in the Securities Lending and Borrowing (SLB), Equity, and Equity Derivatives segments will not be conducted. Additionally, today’s stock market trading in currency derivatives will be suspended.
However, trading will continue in the evening session in the Commodity Derivatives Segment and the Electronic Gold Receipts (EGR) Segment. The National Commodity Exchange (NCDEX) and Multi Commodity Exchange (MCX) will resume for trade at 5:00 PM after being closed from 9:00 AM to 5:00 PM.
There are many stock market holidays this month, including today’s shutdown. The official stock market holidays list for 2024 states that the Indian markets will close three times in November:
- The date of Guru Nanak Jayanti is November 15, 2024.
- The Maharashtra Assembly General Elections are scheduled on November 20, 2024.
- December 25, 2024, is Christmas, which will be the next and last stock market holiday of the year.
THIS WEEK’S MARKET PERFORMANCE
The shutdown occurs at a time when Indian markets are struggling. A six-session losing run has been experienced by benchmark indexes, including as the Sensex and Nifty, due to concerns over growing retail inflation and selling pressure from foreign institutional investors (FIIs). This has had a detrimental effect on Dalal Street investor sentiment, causing a decline in a number of industries, including fast-moving consumer goods (FMCG).
Inflation worries have had a major impact on FMCG companies, causing the industry to suffer large losses in recent trading sessions.
