Stock Market Holiday: BSE, NSE To Remain Closed Today On Account Of Bakri Eid

The two key equity benchmarks, Sensex and Nifty, on Wednesday closed to new record highs on the back of all-round buying support and amid strong global cues

The S&P BSE Sensex rallied past the 64,000 mark to hit a new all-time high at 64,050.44 on Wdnesday.

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The two key equity stock exchanges, National Stock Exchange (NSE) and BSE, will remain closed on Thursday (June 29) on account of Bakri Eid. There will be no trading in forex, commodities and commodities futures also. Earlier, the stock market holiday for Bakri Eid was announced on June 28. But after the Maharashtra government's order to postpone the holiday to June 29, NSE also issued a notification stating that it will now be closed on Thursday. 

Stock market hit record high

The two key equity benchmarks, Sensex and Nifty, on Wednesday closed to new record highs on the back of all-round buying support and amid strong global cues. Consistent FIIs buying and a dip in crude oil prices have also boosted investor sentiment. The two indices were on a roll since morning.

The S&P BSE Sensex rallied past the 64,000 mark to hit a new all-time high at 64,050.44. Eventually, the Sensex ended with a gain of 499 points at 63,915. On the other hand, the NSE Nifty 50 topped the 19,000-mark for the first-time ever and posted its new peak at 19,011.25. Finally the Nifty50 closed with a gain of 155 points at 18,972.

Bank Nifty also closed 206 points higher at 44,327. The biggest gainers on the Nifty were Adani Enterprises, Adani Ports, JSW Steel, Bajaj Auto and Tata Motors, while losers were HDFC Life, Tech Mahindra, Hero MotoCorp, Apollo Hospitals and M&M.

Here are the stock market holidays in 2023:

• Independence Day - August 15
• Ganesh Chaturthi - September 19
• Mahatma Gandhi Jayanti - October 2
• Dussehra - October 24
• Diwali - November 14
• Gurunanak Jayanti - November 27
• Christmas - December 25

Banks holiday in these cities on Thursday

Bank branches will be closed in Agartala, Ahmedabad, Aizawl, Bengaluru, Bhopal, Chandigarh, Chennai, Dehradun, Guwahati, Hyderabad, Imphal, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, New Delhi, Panaji, Patna, Raipur, Ranchi, Shillong, Shimla, and Srinagar.

Equity investors became richer by Rs 3.43 lakh crore in two days of market rally that saw the BSE benchmark Sensex touching the record 64,000-mark in intra-day trade on Wednesday.In two days, the market capitalisation of BSE-listed firms went up by Rs 3,43,718.15 crore to Rs 2,94,11,131.69 crore. Earlier, on June 21, the market capitalisation of BSE-listed firms had hit an all-time high of Rs 2,94,36,594.50 crore.