The Indian Stock market announces the April and May month special days off for trading session on 8 April 2024. The major announcement was for 20 May 2024, which is an election day in Mumbai. As the BSE and NSE headquarters are located in the city, the market will remain closed on the day. We will share details about BSE and NSE Lok Sabha Elections updates below. The elections are going on in different places over the country. Let us explore more about Stock market holidays and the reason behind them below.
NSE And BSE Will Remain Closed On 20 May
The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will remain closed on 20 May 2024. Thus, the trading options will not be available for the morning trade. 20 May 2024 is the election day in Mumbai, Maharashtra. The cities having the elections include Palghar, Dhule, Dindori, Nashik Bhiwandi, Kalyan, Thane, Mumbai North, Mumbai South, Mumbai South Central, and Mumbai North Central.
The market will not be involved in any type of trading whether it is equity, equity derivatives, or structured loan obligations. Thus, the morning session trades will remain fully shut down from 9:00 a.m. to 5:00 p.m. The evening session will be from 5:00 p.m. to 11:30 p.m. remaining operational on the day. Thus, apart from 20th May 2024, there will be other holidays as well.
NSE and BSE will also have a holiday on 11 April 2024, Monday, on the occasion of Ramzan ID/Eid-ul-Fitar. The day is celebrated as the end of Ramadan. Apart from that, the Hindu occasion Ram Navami will also keep the share market closed on 17 April 2024, Wednesday. The occasion is celebrated as the birth of Lord Rama.
The Indian share market is performing well and achieving its all-time high. The market touched its all-time high. As Sensex was above 75,000 points and Nifty 50 was above 22,700. If we talk about the markets, Nifty 50 and Sensex made their new all-time high. The predictions are that it will touch an even higher mark. BSE and NSE closed the markets on the election every year. This helps the voters engage in the voting process free of mind.
The Indian Stock market is booming. There are expectations that the market will rally up post-elections. The market made a close of Sensex at 74,683.70. While the Nifty 50 made a close on 22,642.75. We will provide more details about the Indian Stock Market holidays and other related events shortly. Stay tuned for more information on our website.