Stock market holiday: Why is trading at BSE, NSE closed today?

There will be no trading today since the Indian stock market will be closed on Wednesday in observance of Diwali Balipratipada.

According to information on the official BSE website, trading on Wednesday, October 26, 2022, would be suspended for the duration of the session on both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).

Today’s trading in the equity, equity derivative, and SLB divisions will be suspended in accordance with the 2022 stock market holidays noted on the BSE’s official website. Additionally, trade in the categories of currency futures and interest rate derivatives will be halted today.

All three stock market holidays will result in a suspension of commodity trading at Multi Commodity Exchange (MCX), albeit it will resume on October 26, 2022, at 5 p.m. (evening session).

The future BSE and NSE trading holiday is November 8, 2022, which is also the final holiday of this year. According to information on the BSE website, there won’t be any trading on the stock market holidays in the equity, equity derivative, and SLB divisions.

As a result of weak Asian market indicators and erratic trends, equity indexes ended Tuesday’s trading session down and snapped a seven-day winning streak.

The BSE benchmark lost ground after making early gains, falling 287.7 points to end the day at 59,543.9. The NSE Nifty had a similar decline, ending the day at 17,656.

On Tuesday, the rupee appreciated 7 paise versus the US dollar as investor confidence rose as a result of falling crude oil prices.

On Monday, a special Muhurat trading session lasting an hour was organised to commemorate the start of the Hindu Samvat year 2079. The benchmark BSE score increased 524.5 points to 59,831.6 at the end of the day. The Nifty closed at 17,730, up 0.8%.

Samvat 2079 volatility may reduce as the rate hike cycle approaches its apex. According to a study by HDFC Securities, in order to counter the gloomy atmosphere and initiate a continuous increase in the markets, growth must increase globally and particularly locally.

Leave a Reply

Your email address will not be published. Required fields are marked *