Stock Market Holiday: BSE, NSE and commodities exchange MCX to remain closed on November 8 on account Gurunanak Jayanti

Stock Market Holiday, November 8: There will be no action on Dalal Street on Tuesday on account of Gurunanak Jayanti. Both the leading stock exchanges -- the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will remain shut for trading between 9:15 to 3:30 pm on Tuesday. 

Gurunanak Jayanti marks the birth anniversary of the first of the ten Sikh gurus and the founder of Sikhism - Guru Nanak. It is observed annually on the full moon date of the Kartik month or Kartik Purnima. The festival is celebrated by Sikhs all across the globe with utmost love and reverence.

As per the BSE, the trading holiday will be for the Equity Segment, Equity Derivative Segment as well as SLB Segment. According to the list of stock market holidays in November 2022, trading in the Currency Derivatives Segment and Interest Rate Derivatives segment will also remain suspended on Tuesday.

The Multi Commodity Exchange of India Limited (MCX), India's first listed exchange, will also remain closed for trading in the morning session. It will resume trading in the evening session from 5 pm to 11:30/11:55 pm. 

On Monday, the frontline indices opened strongly with three-digit gains in Nifty and BSE Sensex. While the former was trading at 61,237.78, up 287.42 points or 0.47 per cent, the latter was trading at 18,222.45 in the early morning trade and was up 105.30 or 0.58 points.

PSU Banks also provided great support to the markets with the index heavyweight State Bank of India (SBI) gaining over 4 per cent on the intraday basis. Meanwhile, Bank of Baroda was higher by over 10 per cent.

In the 30-stock Sensex, 23 stocks were gainers while 7 were among the losers. There were 42 advances and 8 declines.

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