The Indian stock markets, including the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), are closed today in observance of Guru Nanak Jayanti, a significant Sikh festival.
As a result, trading activities across the equity, equity derivatives, and securities lending and borrowing (SLB) segments will remain suspended throughout the day.
Trading Suspension Details
| Segment | Status |
|---|---|
| Equity Segment | Closed |
| Equity Derivative Segment | Closed |
| Currency Derivatives Segment | Closed |
| Commodity Derivatives (MCX, NCDEX) | Suspended from 9 AM to 5 PM |
The trading in the Commodity Derivatives and Electronic Gold Receipts (EGR) segments will resume after 5 PM for the evening session. This marks a break in trading activities, creating a truncated week for investors.
Upcoming Stock Market Holidays
The Indian stock market has several holidays scheduled in the remaining months of 2024. After Guru Nanak Jayanti, there are two more holidays left this year: one for the Maharashtra Assembly General Elections on November 20 and another for Christmas on December 25.
Stock Market Holidays in November and December 2024
| Date | Holiday | Segment Affected |
|---|---|---|
| November 1, 2024 | Diwali | Equity, Derivatives |
| November 15, 2024 | Guru Nanak Jayanti | All Segments |
| November 20, 2024 | Maharashtra Assembly Elections | Equity, Derivatives |
| December 25, 2024 | Christmas | All Segments |
Impact on Market Sentiment
The stock market has been trading sideways in recent sessions, influenced by weak global market sentiments. Despite a positive outlook in realty and auto sectors, the oil & gas and FMCG sectors have faced pressure due to higher costs and muted spending.
The Nifty 50 index ended slightly lower at 23,555, while the BSE Sensex closed at 77,684. However, the Nifty Bank index showed strength, closing 139 points higher.
Recent Market Performance
| Index | Closing Value | Change |
|---|---|---|
| Nifty 50 | 23,555 | -0.05% |
| BSE Sensex | 77,684 | -6 points |
| Nifty Bank | 50,227 | +139 points |
Conclusion
With today’s holiday marking a pause in trading, investors can expect a quieter day in the markets. It’s an opportunity for traders to review their portfolios and prepare for the upcoming sessions.
The next trading session is expected to see renewed activity as market participants return with fresh strategies.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Readers are advised to conduct their own research or consult with a financial advisor.
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