Stock Market October Holiday: Will NSE, BSE be open for trading? All you need to know about stock market holidays in October
Stock Market Holiday Today: Indian bourses – National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) – will remain closed on Wednesday, October 2, 2024, in observance of Gandhi Jayanti.
This national holiday celebrates the birth of Mohandas Karamchand Gandhi, a pivotal figure known for India’s independence, coupled with his principles of nonviolence and civil disobedience.
As per the BSE holiday calendar, there will be no trading on October 2 in the equity, equity derivatives, and SLB segments. The Multi Commodity Exchange (MCX) will also observe the holiday, closing for both trading sessions on October 2.
That said, the exchanges will resume regular operations on Thursday, October 3, allowing investors to re-enter the market after a day of reflection.
Read More: Tech Mahindra Shares Rally 4% After CLSA Upgrade Ahead Of Earnings On Margin Boost
Upcoming stock market holidays in 2024 include Diwali on November 1, Guru Nanak Jayanti on November 15, and Christmas on December 25, during which the stock exchanges will also remain closed.
During the previous session on Tuesday, domestic benchmarks settled lower as energy shares dragged. The 30-share BSE Sensex pack shed 33 points or 0.04 per cent to end at 84,266. The broader NSE Nifty index edged down 14 points or 0.05 per cent to close at 25,797.
Mid- and small-cap shares also registered record highs but ended flat, with the Nifty Midcap 100 ending unchanged and Nifty Smallcap 100 climbing 0.08 per cent. India VIX, fear index, shed 0.24 per cent to 14.22-level.
Read More: Explained: Why Paytm shares jumped over 7% today
Eight out of the 16 sectoral indices on NSE settled in the red. Sub-indices Nifty Oi & Gas, Nifty Financial Services and Nifty Bank underperformed the index by falling 0.67 per cent, 0.13 per cent and 0.10 per cent, respectively. In contrast, Nifty IT and Nifty Media saw a climb of 1.17 per cent and 1.60 per cent, each.
On BSE, frontline stocks such as Reliance Industries Ltd (RIL), HDFC Bank, Hindustan Unilever Ltd (HUL), Bharti Airtel, L&T, IndusInd Bank, Asian Paints, ITC, Titan and Tata Motors were the major contributors to the fall. In addition, BSE 500 stocks such as The Phoenix Mills Ltd, Westlife Foodworld, Sobha, Intellect Design Arena, Muthoot Finance, Godrej Industries, Welspun Corp and TVS Holdings tanked up to 5.41 per cent.
On the flip side, Caplin Point Laboratories, BASF India, PB Fintech, Welspun Living, Star Cement, National Aluminium, Paytm, Five-Star Business Finance, Olectra Greentech, Blue Dart and Polycab India gained up to 9.63 per cent.
Out of a total of 4,054 stocks that traded on BSE during the last trade, 2,240 settled with gains while 1,743 others ended lower. The remaining 71 stocks stayed unchanged.
Nifty outlook
“Nifty formed a doji pattern with a long upper shadow on daily charts, indicating market indecision. Heavy call writing at 25,800 suggests it may act as strong resistance if sustained. Immediate support lies at 25,750 and a decisive break below this could push the index towards 25,600-25,500 levels. On the higher side, a move above 25,800 may propel Nifty towards 26,050, where sellers could become active again,” said Rupak De, Senior Technical Analyst at LKP Securities.
Mahurat Trading
There will be a special trading session, the Muhurat trading session, conducted by the exchanges on November 01 to mark the auspicious occasion of Diwali. The session will usher in Samvat 2081, a new Hindu Calendar year.
The next trading holiday will be on Friday, November 01 on account of Diwali Laxmi Pujan.
