Stock Market Holidays: Will NSE, BSE Be Closed On July 17 For Muharram? Check Here

Stock Market Holidays: On Monday morning, the BSE Sensex jumped 213 points to 80,732, while the NSE Nifty50 was trading at 24,580, up 78 points

For 2024, the NSE and BSE have announced at least 14 stock market holidays for various festivals and events.

Source : PTI

The Indian stock markets will observe a holiday on Wednesday, July 17, in observance of Muharram, marking the beginning of the Islamic calendar's first month and one of Islam's four sacred months.

Affected Segments

On this day, the equity segment, equity derivative segment, and SLB segment will be closed for the entire day. Additionally, the currency derivatives segment and commodity derivatives segment will also remain closed throughout the day.

Partial Closures

The commodity derivatives segment and electronic gold receipts (EGR) segment will be closed only during the first half of the day, from 9:00 AM to 5:00 PM. Trading in these segments will resume in the evening session from 5:00 PM to 11:30 PM/11:55 PM.

Usual Trading Hours

Typically, the Indian stock market trading hours are from 9:15 AM to 3:30 PM on weekdays, Monday through Friday. The pre-open market begins at 9:00 AM and settles at 9:07 AM on regular trading days. The stock markets are closed on weekends.

Market Recap

On Friday, July 12, the Indian stock markets reached record highs. The BSE Sensex peaked at 80,893.51 intra-day, while the NSE Nifty50 hit a new high of 24,592.20, driven by significant gains in Information Technology (IT) stocks. The BSE Sensex closed 0.78 per cent higher, adding 622 points to settle at 80,519.34. The NSE Nifty50 rose by 0.77 per cent, or 186 points, closing at 24,502. 

On Monday morning, the BSE Sensex jumped 213 points to 80,732, while the NSE Nifty50 was trading at 24,580, up 78 points. NSE Nifty crossed 24,600 for the first time in the morning.

Broader market indices also showed marginal gains, with the Nifty Midcap edging up 0.04 per cent and the Smallcap index advancing 0.17 per cent.

Upcoming Market Holidays

For 2024, the NSE and BSE have announced at least 14 stock market holidays for various festivals and events. Upcoming holidays include:

• Independence Day on August 15 (Thursday)
• Mahatma Gandhi Jayanti on October 2 (Wednesday)
• Diwali Pratipada on November 1 (Friday)
• Gurunanak Jayanti on November 15 (Friday)
• Christmas on December 25 (Wednesday)