Stock market holiday: In the wake of the Assembly Elections in Maharashtra, trading activity at the BSE and the NSE will remain closed on November 20
Indian stock markets including the National Share Exchange (NSE) and Bombay Share Exchange (BSE) will remain closed on November 15 on account of Guru Nanak Jayanti and on November 20 for Maharashtra Assembly Elections. This decision was made by the NSE on November 8.
All trading and settlement activities will be closed due to these holidays, which will affect the currency derivatives, futures and options, stock, and commodity derivatives segments.
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Stock market holidays in 2024
According to the list of stock market holidays in 2024, the Indian stock market was closed on November 1, 2024, on account of Diwali. The special one-hour Muhurat trading session was held on November 1 between 6:00-7:10 pm to mark the beginning of the new Hindu calendar.
November 15 (Friday): The markets will be closed on this particular day in honour of Guru Nanak Jayanti which is a religious holiday.
November 20 (Wednesday): The markets will also be closed on this account of the Maharashtra Assembly Elections where the entire 288 seats of the state legislative assembly will go to polls for the election. The votes are expected to be counted on November 23.
The Maharashtra Legislative Assembly’s current term ends on November 26. The state will witness a two-way contest between two coalitions — the Maha Vikas Aghadi (MVA), consisting of Uddhav Thackeray’s Shiv Sena (UBT), NCP (Sharad Pawar), and Congress, and the Mahayuti Alliance, which brings together BJP, Shiv Sena (Eknath Shinde), and NCP (Ajit Pawar).
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Traditionally, during significant political events, for example, during state elections, changes in market sentiments are noted. Experts have opined that the Maharashtra result surpasses importance as the state contributes over 13-14% to India’s GDP and serves as a stronghold for the major political front, as per Money Control.
In December, the markets are closed for a day on December 25 for Christmas celebrations.
