Stock Market: Although the stock market will remain closed on Diwali day i.e. on 24th October (Monday), Muhurta trading will be organized to make this day special.
Stock Market : If you invest in the stock market and trade on BSE-NSE, then you will not be able to trade on BSE-NSE for three days in this month of October. Because the month of October is the month of festivals, therefore, due to festivals in October, trading in the stock market will be closed for 3 days. Please note that the stock markets are usually closed on Saturdays and Sundays. There are 3 more days in the next month except Saturday-Sunday, when trading in the stock market will be closed. Due to the big festivals in October, there are many holidays not only in the stock market, but also in banks and public-private companies.
The BSE is the oldest stock exchange in Asia and has been in existence since the 18th century. In contrast, the NSE was relatively visible in less than 30 years. In the Global Stock Exchange ranking, BSE is at 10th position, while NSE is at 11th position. Since its inception, NSE has always been a fully electronic stock exchange promoting paperless trading system. On the other hand BSE was following the paper-based system for a long time and started with only electronic trading from the year 1995 and introduced BSE to On-line Trading (BOLT).
When will the stock market be closed this time?
– Dussehra on 5 October (Wednesday) – Diwali / Lakshmi Puja on 24 October (Monday) – Diwali Balipratipada on 26 October (Wednesday)
Muhurta trading will be organized
Although the markets will remain closed on the day of Diwali i.e. 24 October (Monday), but Muhurta trading will be organized on this day by the stock market. However, according to the website of NSE-BSE, the timing of Muhurta trading will be released later. Apart from this, Mahatma Gandhi Jayanti is on 2 October. Although this day is also falling on Sunday. Due to this, the markets will remain closed even on Sunday, October 2.
MCX business will also remain closed
India’s largest commodity exchange, Multi Commodity Exchange of India (MCX) will also remain closed on October 5, 24 and 26 in the first half of the day’s trading session i.e. between 9 and 5 pm. The markets will open for trading in the evening session between 5 pm and 11:30/11:55 pm. Diwali MCX business will also be closed. Let us tell you that on this day an investor will neither be able to invest nor trade.