Due to Independence Day, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will be closed on Monday, August 15th, for regular trading. There won’t be any activity on the exchanges in the stock, derivative, or SLB divisions. Additionally, the Multi Commodity Exchange of India (MCX) and the Agriculture Commodity Index NCDEX will both be closed to trading (National Commodity & Derivatives Exchange Limited).
In addition, the village is closed on August 16 in observance of the Parsi New Year. When the markets are open but the depositories (NSDL and CDSL) are closed, this is known as a settlement holiday. A settlement holiday only adds one day to the execution time of a stock transaction. Because one can transfer their shares from one broker to another if they have invested in mutual funds or stocks, settlement holidays are also known as transfer holidays. In India, settlement dates also take into account public and bank holidays.
All days of the week, excluding Saturdays and Sundays and holidays announced in advance by the exchanges, are trading days on the equity segment.
There are three holidays in August altogether. Due to Muharram, the NSE and BSE were closed on August 9; nevertheless, trade is still halted today, August 15, as India celebrates its 76th Independence Day. Similar to this, trade will also be halted on August 31 in observance of Ganesh Chaturthi on the NSE and BSE.
The Indian markets will be closed on four more times between October and November in addition to these three holidays in August. On October 5 and October 24 and 26, respectively, due to Dussehra, Diwali (Laxmi Pujan), and Diwali Balipratipada, trade would remain stopped on the NSE and BSE.
Market will remain close in October and November of 2022. Due to Dussehra, Dwali or Laxmi Pujan, and Diwali Balipratipada, the days are Wednesday, October 5, Monday, and Wednesday, October 24, and Wednesday, October 26 respectively. Due to Gurunanak Jayanti, the markets will be closed on November 8.
On Friday, the NSE and BSE each closed with gains of 0.22%, extending the Indian market’s gains for the fifth session in a row. The Sensex increased 130 points to conclude at 59,462.78 while the larger Nifty50 came close to 17,700 at 17,698.15.
According to Vinod Nair, Head of Research at Geojit Financial Services, on Friday, the market surge was boosted by the FIIs’ return and the falling dollar index.
“While Metals and Oil & Gas garnered buying interest, IT and pharma weighed on sentiments. Oil and gas stocks were in focus as the government diverted some natural gas from industries to city gas operators in an effort to moderate the prices of CNG and piped cooking gas,” Nair had said.