 "Stock Market Holiday: BSE, NSE to remain closed on October 2; key updates")
Stock Market Holiday Alert: Indian bourses – National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) – will remain closed on Wednesday, October 2, 2024, in observance of Gandhi Jayanti.
This national holiday celebrates the birth of Mohandas Karamchand Gandhi, a pivotal figure known for India’s independence, coupled with his principles of nonviolence and civil disobedience.
All trading activities—including equity, equity derivatives, and securities lending and borrowing (SLB) segments—will be halted.
The Multi Commodity Exchange (MCX) will also observe the holiday, closing for both trading sessions on October 2.
The exchanges will resume regular operations on Thursday, October 3, allowing investors to re-enter the market after a day of reflection.
Market Recap
On Tuesday, the Indian benchmark equity indices -- BSE Sensex and NSE Nifty50 -- closed with a slight negative bias after a range-bound session.
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The BSE Sensex, today, finished at 84,266.29, down 33.49 points, or 0.04 per cent, while the NSE Nifty50 settled at 25,796.90, a decline of 13.95 points, or 0.05 per cent.
Out of the 50 stocks in the Nifty50, 29 ended lower, with IndusInd Bank, ONGC, Asian Paints, Bajaj Auto, and Tata Steel losing up to 2.66 per cent. In contrast, Tech Mahindra, Mahindra & Mahindra, Britannia Industries, Infosys, and Adani Enterprises recorded gains of up to 2.90 per cent.
In the broader markets, the Nifty SmallCap100 index rose by 0.79 per cent, while the Nifty MidCap100 index increased by 0.34 per cent.
On a year-to-date basis, the BSE Sensex has gained over 16 per cent, while the Nifty 50 has risen approximately 18 per cent.
Stock market trading hours
The Indian stock market typically operates from 9:15 AM to 3:30 PM on weekdays, Monday through Friday. Additionally, there is a pre-open session that runs from 9:00 AM to 9:07 AM on regular trading days.
The stock markets are closed on weekends, specifically on Saturdays and Sundays.
Upcoming stock market holidays in 2024
After the stock market holiday on account of Gandhi Jayanti, the Indian stock market will remain open for the rest of October, with the next scheduled holiday on November 1 for Diwali.
On Diwali, however, the NSE and BSE exchanges will conduct a one-hour special Muhurat Trading session. The timings for Muhurat Trading are yet to be announced.
Additionally, several holidays will fall on weekends throughout 2024, including Dussehra on October 12.
Stock market holiday schedule for the rest of the year include Diwali Laxmi Pujan (Friday, November 1), Gurunanak Jayanti (Friday, November 15) and Christmas (Wednesday, December 25).