Stock Market Holiday: Indian stock markets will remain closed on Wednesday, 20 November 2024. Why is the Indian stock market closed on weekdays?
Stock Market Holiday: Stock market will remain closed on November 20
On Wednesday, November 20, 2024, the Indian stock markets will be closed and there will be no trading on BSE and NSE in the stock market. A holiday has been declared in the stock market on the occasion of assembly elections in Maharashtra. The stock market has given official information about this.
On this day, both the stock markets i.e. BSE and NSE will remain closed and there will be no work in the exchange due to Maharashtra assembly elections. Apart from this, there will be a holiday in the currency market and commodity exchange as well.
Jharkhand assembly elections will also be held on this day and 9 assembly by-elections have been announced in Uttar Pradesh. However, the stock market has been given a holiday because it is election day in the country's financial capital Mumbai, from where the stock market operates. There will be political turmoil in Maharashtra's capital Mumbai on November 20 and due to this, an attempt has been made to stop financial work a little so that all Mumbaikars and residents of Maharashtra can exercise their franchise.
Stock market will remain closed for 12 days in November:
Stock market will remain closed for a total of 12 days in November and the reason for this is festivals and special holidays. On Friday, 1st November, there was a holiday in the stock market on the occasion of Diwali. After this, on Friday, 15th November, there will be a holiday in the stock market due to Guru Nanak Jayanti. After this, on Wednesday, 20th November, the stock market will remain closed on the day of Maharashtra assembly elections. At the same time, a total of 12 days of stock market holiday are being included in November, including all Saturdays and Sundays of the month.
Holiday notification issued on NSE:
In the notification issued by the exchange on NSE, it was said that 'Trading holiday will be continued on the occasion of assembly elections in Maharashtra on the coming Wednesday, 20th November.' For information, let us tell you that voting will be held in the 288-member assembly on November 20 and counting of votes will be done on November 23.
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