Stock market holidays: No trading on NSE & BSE today, November 20 ¨C Here¡¯s why
The NSE and BSE stock markets are closed today, 20 November 2024, due to the Maharashtra Assembly Election 2024. Trading across key segments, including equity and derivatives, will resume on 21 November.
Stock market holidays today: India¡¯s major stock exchanges, the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), are closed today, 20 November 2024. This closure is due to the Maharashtra Assembly Election 2024, a key state election. Let¡¯s explore why the stock market is closed and its effect on trading activities, along with what lies ahead.
Why Are NSE and BSE Closed Today?
The stock markets are observing a holiday today because of the Maharashtra election 2024. This election, which is being held in a single phase, will determine the representatives for the 288-member state legislative assembly. The counting of votes will take place on 23 November 2024.
As a result, trading on both the NSE and BSE has been halted across various segments.
Which Market Segments Are Affected?
The closure impacts some market segments entirely, while others are only partially affected:
- Segments Fully Closed
- Equity Segment
- Derivatives Segment
- Stock Lending and Borrowing (SLB) Segment
- Segments Open for Evening Only
Commodity Derivatives and Electronic Gold Receipts (EGR) will not operate in the morning session (9:00 am to 5:00 pm) but will be open for trading in the evening session (5:00 pm to 11:55 pm), reported in Money Control.
This scheduled closure is part of the public holiday calendar applicable to India¡¯s stock exchanges.
Holiday Calendar for NSE and BSE in 2024
The NSE and BSE follow an annual holiday schedule, which includes pre-determined non-trading days. Here¡¯s what the calendar looks like for 2024:
- Total Holidays Announced: 16
- Holidays Already Observed: 14
- Last Trading Holiday: 15 November, for Guru Nanak Jayanti
- Next Trading Holiday: 25 December, for Christmas Day
Trading on both the NSE and BSE will resume as normal on Thursday, 21 November 2024.
How to Check the Stock Market Holiday Schedule
You can easily find the holiday list for the NSE and BSE online:
- Visit the official NSE website.
- Hover over the "Resources" tab.
- Click on ¡°Holidays¡± under the ¡°Exchange Communication¡± section.
This will give you the complete list of trading holidays for the year.
Market Activity Before the Holiday
On 19 November, the day before today¡¯s closure, the stock markets experienced a day of ups and downs:
The BSE Sensex rose by over 1,000 points during the day but ended with a smaller gain of 239 points (0.31%), closing at 77,578.38. Similarly, the NSE Nifty50 saw a modest increase of 64.7 points (0.28%), closing at 23,518.50. While there were some gains, investor sentiment remained cautious. The Nifty50 is still in a correction phase, having fallen nearly 10% from its record high of 26,277 reached in September 2024. If the index falls by another 20%, it would officially enter a bear market.
Why Are Stock Market Holidays Important?
Stock market holidays play a vital role in maintaining stability during significant events, such as the Maharashtra election 2024. These breaks allow traders and investors to reassess their strategies during crucial times.
By staying updated on the stock market¡¯s holiday calendar, market trends, and performance data, traders can make well-informed decisions. Trading activities will resume on 21 November, providing a fresh start for investors after today¡¯s break.
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Bhupinder Singh serves as a Principal Executive in Content Management, specializing in SEO content related to trending financial news, net worth of celebrities, historic events, and art and culture. His passion for cricket shines through in his work and personal interests. In his free time, Bhupinder enjoys discussing cricket legends like MS Dhoni and Sachin Tendulkar, as well as following the IPL.
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