Stock Market Holidays: Will BSE, NSE remain closed today? Check list of holidays this week

Stock Market Holidays This Week: Trading at leading stock exchanges - 30-share BSE Sensex and the broader 50-share NSE Nifty50 - will be closed today i.e. October 24, on the occasion of Diwali According to the official website of the BSE, trading will remain suspended during regular working hours - from 9:15 am to 3:30 pm. However, as Diwali is considered the ideal time to start anything, the market will conduct a one-hour special 'Muhurat Trading'session on Monday. The session will be conducted to market the beginning of a new Samvat 2079, the Hindu calendar year that starts on Diwali. 

The trading holiday will be for the Equity Segment, Equity Derivative Segment and SLB Segment. Also, there will be no trading at the Currency Derivatives Segment and Interest Rate Derivatives segment during the scheduled timing.

It is believed that trading during the 'muhurat' or auspicious hour brings wealth and prosperity for the stakeholders.

Indian equities outperformed global markets significantly last time i.e. Samvat 2078. Experts believe that the outperformance is expected to continue in Samvat 2079, driven by a strong recovery in the Indian economy and domestic liquidity, offsetting FPI (Foreign Portfolio Investors) outflows, Manish Jeloka, Co-head of Products & Solutions, Sanctum Wealth. 

However, investors need to keep in mind that a slowdown in the global economy due to tightening liquidity conditions could lead to bouts of volatility like that witnessed in Samvat 2078.

Stock Markets To Remain Closed on October 26

Stock Markets will remain closed on Wednesday i.e. October 26 for Diwali Balipratipada. 

While currently, key benchmarks indices are a little changed from the levels observed during last Diwali, the market has witnessed a lot of volatility. Since last Diwali, Indian stocks have been choppy, tracking global peers amid expectations of rate hikes by central banks across the world to tackle higher inflation. Geopolitical tensions and the consequent energy crisis have also dampened investor sentiment.