Ayodhya Ram Mandir Opening: NSE And BSE Will Remain Shut On January 22

On January 19, the Reserve Bank of India (RBI) announced that Indian stock markets (NSE and BSE) would be closed on January 22, following the public holiday declared by the Government of Maharashtra.

On the same day, public sector banks, insurance companies, financial institutions, and Regional Rural Banks (RRBs) across the country will remain closed for half a day.

The Reserve Bank of India (RBI) stated that on January 22, 2024 (Monday), there will be no transactions and settlements in Government securities (both primary and secondary markets), foreign exchange, money markets, and Rupee Interest Rate Derivatives.

Trading Holiday on January 22

The NSE and BSE stock exchanges will work as usual on January 20, and a trading holiday on January 22, in observance of the Prana Prathishta ceremony at the Lord Ram Temple in Ayodhya.

The equity, F&O, and currency markets will remain closed on Monday, January 22, 2024, on account of the Holiday declared under the Negotiable Instrument Act. Commodity markets will be closed for the first half and trading will be open only in the evening session (5:00 pm onwards).

Since it’s also a settlement holiday, your commodity account balance on January 22, 2024, will not include the credits from:

• Funds withdrawn on 22nd January 2024 will be processed on 23rd January 2024 and you will receive the funds by 2 PM on 24th January 2024.
• Profits and credits received from equity trades or exiting positions in the derivatives segment (F&O & CDS) on January 19, 2024, will be settled and available for withdrawal on January 23, 2024, by EOD.

Public Holiday on January 22 in these states

• Uttar Pradesh

On January 22, educational institutions in Uttar Pradesh will remain closed during the Ram Temple ‘Pran Pratishtha’ ceremony, as directed by Chief Minister Yogi Adityanath. Additionally, liquor shops will be closed throughout the state on that day.

• Madhya Pradesh

In Madhya Pradesh, Chief Minister Mohan Yadav has declared January 22 as a school holiday, encouraging people to celebrate the day like a festival. Yadav has also announced a dry day in the state on January 22, issuing orders to keep all types of shops, including liquor and Bhang outlets, closed.

• Goa

The Goa government has also declared a holiday for government employees and schools on January 22, in light of the ‘Pran Pratishtha’ ceremony at the Ram Janmabhoomi Temple in Ayodhya, according to a Live Mint report. Chief Minister Pramod Sawant stated during a press conference after the cabinet meeting that there will be a public holiday only for government servants along with schools.

• Chhattisgarh

The Chhattisgarh government has declared January 22 as a holiday for all state government schools and colleges to celebrate the consecration ceremony of the new idol at the Ram Temple in Ayodhya. Chief Minister Vishnu Deo Sai announced via social media.

• Haryana

The Haryana government has also announced the closure of schools on January 22 given the Ram Temple Inauguration. Additionally, the consumption of liquor will not be permitted anywhere in the state on the day of the consecration ceremony.

• Uttarakhand

Liquor shops and bars will remain closed in Uttarakhand on January 22 on the occasion of the consecration ceremony at the Ram temple in Ayodhya.

For more informative articles on historical and upcoming events from around the world, please visit?Indiatimes Events.