Stock Market Holiday: Buddha Purnima is being celebrated across the country today on Monday, May 12. Now the question in the minds of investors is whether the stock market will remain closed today or not. We can get information about the stock market holiday from the list of holidays available on the website of Bombay Stock Exchange.
Stock Market Holiday: Will the stock market be closed today on Buddha Purnima?
When we checked this list, we found that the market will remain open today. Work will continue today on both NSE and BSE exchanges. Last week, due to increasing tension between India and Pakistan, there was a decline in the last two trading sessions. After this, a ceasefire has been agreed upon over the weekend. In such a situation, a good rise can be seen in the market today.
The stock market will remain closed on these dates this year
- 15 August: There will be no work in the stock market due to Independence Day.
- 27 August: There will be no work in the stock market due to Ganesh Chaturthi.
- 5 September: There will be no work in the stock market due to Eid-e-Milad.
- 2 October: There will be no work in the stock market due to Mahatma Gandhi Jayanti and Dussehra.
- 21 October: There will be no work in the stock market due to Diwali.
- 22 October: There will be no work in the stock market due to Diwali Balipratipada.
- 5 November: There will be no work in the stock market due to Prakash Guruparva (Guru Nanak Dev).
- 25 December: There will be no work in the stock market due to Christmas.
Prashant Tapase, Senior Vice President (Research), Mehta Equities Limited, said that the reduction in tension between India and Pakistan has reduced the pressure on investors, which the financial markets have taken as a positive sign. He said that historically it has been seen that whenever such geopolitical tensions reduce, the markets strengthen and rise. He also added that now all eyes will be on foreign institutional investors (FIIs), who sold on Friday after making continuous net purchases for the last two weeks.
Religare Broking Limited Senior Vice President of Research Ajit Mishra said that this week will be very important due to many important domestic factors. He said that investors will keep an eye on various geopolitical events including the ongoing tension with Pakistan. Also, on the economic front, important data related to Consumer Price Index (CPI), Wholesale Price Index (WPI) and foreign trade will also be important for investors. Mishra further said that this week quarterly results of major companies like Tata Steel, Bharti Airtel, GAIL, Hero MotoCorp, Tata Motors, Lupin and BHEL are going to come, which can affect the direction of the market.
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