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Stock market update: List of stock market holidays in July

Stock market update: List of stock market holidays in July

 


The stock market is closed on public holidays and weekends. The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will be closed for nine days, including weekends, in the month of July. Here is a list of public holidays for July, investors can make their decisions accordingly.

List of stock market holidays:

July 6, 2024: Saturday, weekend

July 7, 2024: Sunday, weekend

July 13, 2024: Saturday, weekend

July 14, 2024: Sunday, weekend

July 17, 2024: Wednesday, Moharram

July 20, 2024: Saturday, weekend

July 21, 2024: Sunday, weekend

July 27, 2024: Saturday, weekend

July 28, 2024: Sunday, weekend

The Bombay Stock Exchange (BSE) closed at Rs79,032.73, a decline of 0.29% on the last trading day of June. The National Stock Exchange (NSE) closed at Rs24,010.60, down 0.14% on the last trading day of June.

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The continuity of government after the election results guarantees the continuation of reforms. This has led to improved GDP growth forecasts, attracting foreign portfolio investment (FPI) purchases. However, IPE buying has focused on a few specific stocks rather than the entire market or sectors. This is because Indian stocks are still considered overvalued by FPIs, Vipul Bhowar, director of listed investments at Waterfield Advisors, said of the market's performance.

Foreign investors favor the financial, automobile, capital goods, real estate and certain consumer sectors. Foreign investors are expected to make selective investments in specific sectors and stocks instead of making broad-based purchases across the entire market. Bhowar said about the market outlook.

While India remains a preferred market for foreign direct investment flows, actual flows may not be the highest among emerging markets due to intermittent volatility and changing sentiment among international investors. However, the long-term outlook remains positive, providing reassurance about the stability of foreign direct investment flows into India, he added.

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On the impact of India's inclusion in the JPMorgan Emerging Markets Index from June 28, 2024, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said: The inclusion of India in the JP Morgan bond index is certainly positive. Debt inflows for 2024 so far amount to 68,674 million. In the long term, this will reduce the cost of borrowing for the government and the cost of capital for businesses. This is positive for the economy and therefore for the stock market.

Read also | Indian Stock Market: 8 Key Things That Changed The Market Overnight

Sources

1/ https://Google.com/

2/ https://www.livemint.com/market/stock-market-news/stock-market-update-list-of-market-holidays-in-july-11719730594251.html

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