Stock Market Holiday: NSE Declares May 20 As Trading Holiday For General Elections In Mumbai

Stock Market Holiday: Aside from the May 20 market holiday, trading will also be suspended on May 1 due to Maharashtra Day

Stock Market Holiday: In a circular released on April 8, the NSE said, "The exchange notifies Monday, May 20, 2024, as a trading holiday on account of Parliamentary Elections in Mumbai."

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The National Stock Exchange of India (NSE) has announced May 20 as a trading holiday in Mumbai in wake of the general elections, as per a notification issued by the exchange. This decision aligns with the guidelines outlined in the Negotiable Instruments Act 1881, where local governments declare a voting holiday on polling days.

In a circular released on April 8 (Monday), the NSE said, "The exchange notifies Monday, May 20, 2024, as a trading holiday on account of Parliamentary Elections in Mumbai. Members are requested to take note of the same."

#NewsFlash | #NSE announces trading holiday on May 20, 2024, due to Parliamentary elections in #Mumbai#LokSabhaElections2024 #ParliamentaryElections pic.twitter.com/mktqksMzQj

— CNBC-TV18 (@CNBCTV18Live) April 8, 2024

The Election Commission previously unveiled a five-phase polling schedule for Maharashtra's 48 parliamentary constituencies, with the last phase scheduled for May 20. This final phase of polling in Maharashtra will encompass various key constituencies, including Dhule, Dindori, Nashik, Bhiwandi, Kalyan, Thane, Mumbai North, Mumbai North West, Mumbai North East, Mumbai South, Mumbai South Central, Mumbai North Central, and Palghar.

Aside from the May 20 market holiday, trading will also be suspended on May 1 due to Maharashtra Day. Preceding these closures, the markets will observe holidays on Id-ul-Fitr on April 11 (Thursday) and Ram Navami on April 17.

In response to queries regarding the closure of the stock market for Gudi Padwa 2024, it has been confirmed that trading will continue on April 9 (Tuesday) despite the celebration of Gudi Padwa, or the Marathi New Year, across Maharashtra. Gudi Padwa is not listed as a trading holiday in the comprehensive list of Indian stock market holidays for 2024, available on the official websites of both the BSE and the NSE.

For further details on stock market holidays in 2024, interested parties can refer to the full list provided on the official BSE and NSE websites.

Trading holiday event		Date	Day
Republic Day		January 26, 2024	Friday
Mahashivratri		March 8, 2024	Friday
Holi		March 25, 2024	Monday
Good Friday		March 29, 2024	Friday
Id-Ul-Fitr (Ramzan Id)		April 11, 2024	Thursday
Ram Navami		April 17, 2024	Wednesday
Maharashtra Day		May 1, 2024	Wednesday
Bakri Id		June 17, 2024	Monday
Muharram		July 17, 2024	Wednesday
Independence Day		August 15, 2024	Thursday
Mahatma Gandhi Jayanti		October 2, 2024	Wednesday
Diwali * Laxmi Pujan		November 1, 2024	Friday
Gurunanak Jayanti		November 15, 2024	Friday
Christmas		December 25, 2024	Wednesday