A holiday for the stock market..? Do you know why?

The stock market will be closed tomorrow on 15th 2024 on the occasion of Guru Nanak Jayanti. Hence, there will be no trading on both the stock exchanges, BSE and NSE. At the same time, there will be no work on MCX and NCDEX. All schools, colleges, and banks remain closed in many states of the country.

Stock Market Closed: Guru Nanak Jayanti is celebrated to commemorate the birthday of Guru Nanak, the founder of sikhism and the most popular guru of Sikhism. Sikhs celebrate with great joy and happiness. Hence this day is a public holiday. Hence, tomorrow i.e. november 15, 2024, is a holiday in the stock market.
Commodity exchanges will also not function: Apart from this, the Multi Commodity Exchange (MCX), the country's largest non-agricultural commodities exchange, will remain closed for its first session from 9 am to 5 pm. However, the evening session i.e. 5 pm to 11:30 or 11:55 pm will continue. At the same time, AgriExchange National Commodity and Derivatives Exchange (NCDEX) is closed for morning and evening sessions.

NSE and BSE to be closed on november 20: Voting for all 288 constituencies in maharashtra will be held in a single phase on november 20. In this situation, the stock market is given a holiday. Hence, the counting of votes will be held on november 23. The term of the maharashtra Legislative assembly ends on november 26.

16 days holiday this year: According to the BSE holiday calendar, a total of 16 days have been declared as business holidays in 2024. So far this year, 13 days have already been closed. Earlier, november 1 was a holiday for the stock market on the occasion of Diwali. After this, tomorrow will be november 15 for Guru Nanak Jayanti, november 20 due to the maharashtra elections, and december 25 as the final holiday of the year.
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Sowmiya Sriram

14/11/2024 05:31 PM