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Stock Market Holiday Today: After Guru Nanak Jayanti, the next stock market holiday will fall on 20th November 2024 for the Maharashtra Assembly General Elections
Guru Nanak Jayanti: Are Stock Markets Open Today?
Stock Market Holiday Today: Amid Guru Nanak Jayanti 2024 celebrations across the nation, some stock market investors are confused about whether the Indian stock market will remain closed.
Indian stock exchanges BSE and NSE will be closed for trading on Friday, November 15 on account of Guru Nanak Jayanti. India’s largest non-agri commodity exchange Multi Commodity Exchange (MCX) of India will remain shut in the first session between 9 am and 5 pm while resuming trade in the evening session between 5 pm and 11:30/11:55 pm.
The National Commodity & Derivatives Exchange (NCDEX), an agri-exchange, will remain closed in both morning and evening sessions.
Stock market holidays in 2024
To avoid such confusion, people are advised to go to the BSE website — bseindia.com and click on the ‘Trading Holidays’ option on the top. After clicking the ‘Trading Holidays’ option, the complete list of stock market holidays in 2024 is opened. There are three stock market holidays in November 2024 in this list of stock market holidays. Out of these three stock market holidays in November 2024, one has gone on 1st November 2024 on Laxmi Pooja. The following two stock market holidays fall on 15th November 2024 for Guru Nanak Jayanti 2024 and 20th November 2024 for Maharashtra Assembly General Elections.
Earlier, there were only two stock market holidays in November 2024. Still, due to the announcement of the Maharashtra Assembly General Elections on 20 November 2024, the BSE and the NSE declared stock market holidays on 20 November 2024.
According to the BSE holiday calendar, trading holidays have been announced for 16 days in 2024. So far this year, they have been closed on 13 occasions. The last time they were closed was on Friday, November 1, for Laxmi Pujan.
Next, markets will remain closed on December 25, Wednesday on account of Christmas.
On Thursday, Nifty was trading at 23,522.30 around 2 pm, down by 37 points of 0.16%. If the market ends in the red today, it will be its six straight loss. During this period, it has fallen by 954 points or over 4 per cent.
The current weakness is on account of relentless selling by foreign institutional investors (FIIs) and market experts see further correction from current levels.
Nifty has already fallen 10 per cent from its September 27 record high of 26,277 and now analysts are giving out targets as low as 21,300 for India’s headline index. Typically, a fall of 10 per cent is considered a correction zone and a drop of 20% from the peak would place Dalal Street officially in the bear market zone.
In the previous trading session, Nifty had breached its 200-DMA in intraday trading and hit a 5-month low near the 23,500 mark.
FIIs have pulled out a record Rs 1.2 lakh crore from Dalal Street since Nifty’s September peak as weak Q2 earnings are leading to downgrades.
