As we will enter July next week, the month when the Union Budget 2024 is expected to be announced, it is better to know the important stock market holidays.
In July there is only one national holiday and both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will be closed to observe Muharram.
Stock Market Holidays July 2024
This year, Muharram is falling on July 17 and the BSE has issued a notification on the suspension of trade in the following sectors: equity, equity derivatives, SLB, currency derivatives, and interest rate derivatives on this day.
The NSE supports trading throughout the year to provide a perfect trading experience. During standard weekday trading hours, traders have a six-hour and fifteen-minute window from 9:15 a.m. to 3:30 p.m.
Notably, the equities, equity derivative, and SLB segments will be closed on Saturdays and Sundays.
The NSE holiday calendar includes national and cultural observances in addition to weekends. The NSE will also remain closed on July 17, 2024, in observance of Muharram.
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Significance of Muharram
The Shia Muslim community mourns the loss of Hussain Ibn Ali, Ali’s son and Prophet Muhammad’s grandson, at the Battle of Karbala. Karbala is a renowned pilgrimage destination in Iraq.
Hussain Ibn Ali was slain in Karbala in 680 AD. He fought till the end against Yazid I’s forces and was eventually killed in battle. Hussain’s noble sacrifice is commemorated on the 10th of Muharram, known as Ashura.
The Day of Ashura is extremely significant for Muslims since it is stated that on this day, Moses and his followers vanquished the Egyptian Pharaoh.
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NSE, BSE holidays 2024
Both the stock exchanges – NSE and BSE have similar holiday days, which include:
July 17th, 2024: Moharram
August 15th, 2024: Independence Day
October 2nd, 2024: Mahatma Gandhi Jayanti
November 1st, 2024: Diwali Laxmi Pujan
November 15th, 2024: Gurunanak Jayanti
December 25th, 2024: Christmas
