Stock Market Holiday: NSE, BSE Closed on Gandhi Jayanti

NSE, BSE Closed on Gandhi Jayanti

The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will be closed on Wednesday, October 2, 2024, in observance of Gandhi Jayanti, a national holiday celebrating the birth of Mahatma Gandhi. This closure affects all trading activities for the day.

Background on Gandhi Jayanti

Gandhi Jayanti honors Mohandas Karamchand Gandhi, the leader of India's independence movement and an advocate for nonviolence. It is a national holiday in India, marked by various events and activities to remember his contributions.

Impact on Stock Markets

All trading operations, including equity, derivatives, and securities lending, will halt for the day. The Multi Commodity Exchange (MCX) will also remain closed for both sessions on October 2. Normal trading will resume on Thursday, October 3.

Recent Market Performance

On Tuesday, October 1, the BSE Sensex and NSE Nifty50 ended the day slightly lower after a stable trading session. Investors are advised to take note of the market closures and plan their trading activities accordingly.

Upcoming Market Holidays

NSE and BSE will also close on:

Diwali: November 1, 2024 (Friday)
Guru Nanak Jayanti: November 15, 2024 (Friday)
Christmas: December 25, 2024 (Wednesday)

MCX Holiday Schedule:

Gandhi Jayanti: October 2, 2024 (Wednesday) - Closed all day
Diwali: November 1, 2024 (Friday) - Closed morning session
Guru Nanak Jayanti: November 15, 2024 (Friday) - Closed morning session
Christmas: December 25, 2024 (Wednesday) - Closed all day

Global Market Closures

China's Market Closure

Chinese stock markets will be closed from October 1 to October 7, 2024, for the China National Day holiday. This extended closure will also affect Hong Kong’s market, which will be closed on October 1, 2024.

Special Trading Sessions

Diwali Muhurat Trading

A special Muhurat trading session will take place on November 1, 2024, marking Diwali and the beginning of the new Hindu calendar year, Samvat 2081. This session is considered auspicious and provides investors with an opportunity to conduct trades believed to bring good fortune.

Conclusion

The closure of NSE and BSE on Gandhi Jayanti reflects the significance of this national holiday. Investors should be mindful of the market holiday schedule to plan their trades effectively. Regular trading will resume on October 3, 2024.