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Is the stock market closed on Bakri Eid on June 17? Here's what's still open | Market News
Stock market holiday: Equity markets in India will remain closed on Monday, June 17, 2024, on the occasion of Eid-ul-Adha, also known as Bakri Eid. The BSE and National Stock Exchange (NSE) will remain closed for the day, affecting all trading segments, including equities, derivatives and securities lending and borrowing (SLB) segment. Normal business activities will resume on Tuesday June 18.
Similarly, the Multi Commodity Exchange of India Limited (MCX) will not operate during the morning session of June 17.
However, it will open later in the day for the evening session, giving commodity traders the opportunity to participate from 5:00 p.m. until 11:30 or 11:55 p.m.
Asia Pacific Markets During Eid Holidays
Asia-Pacific markets opened lower Monday morning as investors awaited key economic data from China.
Japan's Nikkei 225 index fell 2.17 percent, while the broader Topix index reflected a similar drop of 1.89 percent. South Korea's Kospi was trading flat, with the small-cap Kosdaq showing a slight upward trend of 0.13 percent.
Meanwhile, Australia's S&P/ASX 200 index saw a decline of 0.11 percent as Australian investors await the Reserve Bank of Australia's next rate decision scheduled for Tuesday.
Stock Market Week Ahead: What to Expect?
Ahead of the holidays on June 14, 2024, the BSE Sensex and Nifty 50 showed resilience despite a cautious start. The Sensex gained 181.87 points or 0.24 percent, closing at 76,992.77, while the Nifty 50 ended at 23,465.60, up 66.70 points or 0.29 percent.
Going forward, due to the absence of domestic triggers during the shortened holiday week, investors should focus their attention on global trends and trading activities of foreign investors for market clues.
Movements in the global oil benchmark Brent crude, as well as fluctuations in the rupee-dollar exchange rate, are expected to drive the direction of the market.
Complete list of stock market holidays in 2024
In 2024, the BSE has listed 14 public holidays for the equity, equity derivatives and SLB segments.
The markets were closed on the following dates:
– Republic Day (January 26)
– Mahashivaratri (March 8)
– Holi (March 25)
– Good Friday (March 29)
– Ramzan Eid (April 11)
– Ram Navami (April 17)
– Maharashtra Day (May 1)
Upcoming stock market holidays in 2024 include:
– Muharram (July 17)
– Independence Day (August 15)
– Mahatma Gandhi Jayanti (October 2)
– Diwali (November 1)
– Gurunanak Jayanti (November 15)
– Christmas (December 25)
First publication: June 17, 2024 | 7:17 a.m. EAST
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