Financial markets to remain shut today for Dussehra; here is what else is unavailable

Stock market holiday today, Is NSE closed today, October 24: Domestic capital and money markets will remain shut on Tuesday, October 24, for the Dussehra holiday. Trading in the country’s equity and bond markets will be unavailable for the entire day to resume normally the next day, October 25.

Which segments will be unavailable on BSE?

Trading across all segments will be unavailable on October 24. According to the bourse’s website, bseindia.com, the cash, derivatives, and securities lending and borrowing (SLB) segments will be impacted on October 24, and will be back in action on October 25.

Will commodity exchanges also observe Dussehra market holiday?

While trading on MCX will be available for the evening session on Tuesday itself, NCDEX will be shut for the entire day and return to normal market activity only on Tuesday, October 25.
MCX conducts morning sessions from 9 am to 5 pm and evening sessions from 5 pm to 11:30/11:55 pm (seasonal variation).

ALSO READ: Will banks also be shut on Dussehra?

How the domestic financial markets fared on the Dussehra eve

Dalal Street began the holiday-truncated, four-session trading week with steep losses amid broad-based selling, as investors globally stared at a widening conflict in the Middle East amid concerns about higher-for-longer interest rates. Both the headline indices finished 1.3 per cent lower, with the Nifty losing 260.9 points to settle at 19,281.8—its worst single-day fall in more than seven months—and the 30-scrip index shedding 825.7 points to end at 64,571.9—its worst day in more than three months. Financial, IT, oil & gas, metal and auto stocks were the biggest drags for the headline gauges. Read more on the October 23 session on Dalal Street

The 10-year benchmark government bond yield stood at 7.38 per cent, having risen by more than 20 basis points over the past month. The rupee depreciated by six paise, or 0.1 per cent, to end at 83.18 against the US dollar on Monday owing to the sharp losses in domestic stocks and US bond yields soaring to five per cent.

On MCX, gold and silver futures (December 5 delivery) declined by Rs 138, or 0.2 per cent, to Rs 60,598 per 10 grams and by Rs 857, or 1.2 per cent, to Rs 72,052 per kg, respectively.