Will BSE & NSE remain closed on Monday for Krishna Janmashtami?

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Indian equity markets will remain open for trading on Monday, August 26, the day when the country will be celebrating Krishna Janmashtami. Apart from the BSE and the NSE, domestic commodity markets will also see activities at their usual timings.

Multi Commodity Exchange of India (MCX), which is the largest non-agri commodity exchange, trades in two sessions — morning and evening between 9 am and 11:30/11:55 pm. Meanwhile, National Commodity & Derivatives Exchange (NCDEX) will remain open for trading between 10 am and 9 pm.

According to the BSE holiday calendar, trading holidays have been announced for 15 days in 2024. So far, they have remained closed on 11 occasions. The last non-trading day

was August 15, Thursday. Next, markets will remain closed on October 2, Wednesday, on account of Gandhi Jayanti.

Equity markets will remain closed twice in November and once December. November 1, Friday, will be Diwali (Laxmi Pujan) and Muhurat Trading will be conducted by the exchanges and timings will be notified later. On December 25, Wednesday, they will be shut on account of Christmas celebrations.On Friday, headline indices S&P BSE Sensex and Nifty 50 ended flat dragged by IT and bank stocks. While the S&P BSE Sensex, settled at 81,086.21, up by 33.02 points or 0.04%, the broader Nifty closed at 24,823.15 gaining by 11.65 points or 0.05%.The top gainers were Bajaj Auto, Coal India, Bharti Airtel, Tata Motors and Sun Pharmaceuticals while the top losers were LTIMindtree, Wipro, ONGC, Asian Paints and Titan. Commenting on the day’s action, Osho Krishan, Senior Analyst – Technical & Derivatives, Angel One said the equity markets witnessed a steady and gradual move throughout the week, concluding the week near its highest-ever weekly closure of 24,835. The consecutive week of recovery from the lows was underpinned by broader participation and favourable global sentiments, he said, adding that the Nifty50 index concluded the week with gains of over 1%.

“Going forward, if there have been no aberrations from the global side, our markets are likely to perform well. Also, any contribution from the Banking space would likely provide much-needed impetus to our markets, propelling the benchmark into uncharted territory. Simultaneously, it is advised to stay vigilant and tweak trading setups as per the aforementioned levels,” Krishnan said.

Also Read: HDFC Bank, ICICI Bank, SBI among 12 ‘buy’ ideas from brokerages post Q1 results

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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