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Stock Holiday: Is the stock market closed tomorrow for Mumbai elections?

Stock Holiday: Is the stock market closed tomorrow for Mumbai elections?


Equity markets will remain closed on Monday due to elections in Mumbai, according to the BSE public holiday calendar. Accordingly, all segments including equity segment, derivatives segment and SLB segment will be closed tomorrow.

The Multi-Commodity Exchange (MCX) will remain closed for the morning session but will be open for the evening session.

Moreover, apart from elections in Mumbai (May 20), in 2024, markets will be closed for Bakri Id (June 17), Muharram (July 17), Independence Day (August 15), Mahatma Gandhi (October 2 ), Diwali (November 2024). 1), Gurunanak Jayanti (November 15) and Christmas (December 25).

Exchanges may change any of the above holidays, for which a separate circular will be issued in advance.

On Saturday, Indian stocks traded in two special sessions from 9:15 a.m. to 10:00 a.m. (03:45-04:30 GMT) from a main venue and then from 11:30 a.m. to 12:30 p.m. (06:00-07:00 GMT) from a main venue. -called a disaster recovery site because exchanges were testing how their systems would respond to unexpected events. India's markets regulator had scrutinized the stock exchanges – NSE and BSE, after a major trading disruption on February 24, 2021 due to a technical glitch, when the stock exchanges failed to migrate to the disaster recovery site. A similar special trading session took place earlier on March 2, 2024. The benchmark NSE Nifty 50 settled 0.16% higher at 22,502, while the S&P BSE Sensex added 0.12 % at 74,006. Both benchmarks are trading in a tight range.

Nifty's magnitude was skewed towards the bulls, with 38 stocks trading in the green, 11 in the red and one remaining unchanged. The top gainers were Nestle India, Power Grid, Tata Motors, Adani Ports and Hindalco, while the top losers were JSW Steel, M&M, UltraTech Cement, LTIMindtree and Maruti Suzuki.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)




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