Business
closed market: is the stock market closed on Monday for Eid-al-Adha (Bakri Eid)?
The Multi-Commodity Exchange (MCX) will also remain closed for the morning session but will be open for the evening session.
Moreover, apart from Bakri Eid (June 17), in 2024, markets will be closed for Muharram (July 17), Independence Day (August 15), Mahatma Gandhi (October 2), Diwali (November 1), Gurunanak Jayanti (November 1). 15) and Christmas (December 25).
Exchanges may change any of the above holidays, for which a separate circular will be issued in advance.
India's benchmark stock indices posted record closing highs for a second straight session on Friday, driven by state-owned companies and energy stocks on hopes of continuing the new government's capital spending. The benchmark Sensex, comprising 30 BSE stocks, jumped 181 points or 0.24 per cent to settle at 76,993. The broader NSE Nifty index gained 67 points or 0.29 per cent. to end at 23,465. The Nifty index was biased towards the bulls, with 28 stocks trading in the green and 22 in the red. The top gainers were Eicher Motors, Adani Ports, M&M, Shriram Finance and Titan, while the top losers were Tech Mahindra, TCS, Wipro, HCL Tech and L&T. Meanwhile, domestic small- and mid-cap indexes jumped 1%. and 0.75% on Friday, respectively, to reach record levels for a fourth consecutive session and continued to outperform benchmark indices. They have added 15% and 12.36%, respectively, since their decline last week following the June 4 election results, compared to the benchmark. Increase of 7.22% in Nifty, over the same period.
Public companies and lenders gained 4.94% and 2.5% respectively over the week, on hopes of political continuity after key ministers remained in the new government's cabinet.
(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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