Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will be closed on May 20th. This is the second holiday this month as Mumbai hosts voting for the fifth phase of the 2024 Indian Lok Sabha elections. The closure coincides with the seven-phase election, as voting will take place in all six seats in the city.
This month, in addition to May 20th, markets will be closed on May 1st due to Maharashtra Day, which commemorates the establishment of the state of Maharashtra on May 1st, 1960 following the linguistic reorganization of Indian states. .
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The Lok Sabha elections in Maharashtra will be held in five phases, with the first four phases to be held on April 19, April 26, May 7 and May 13 respectively. The final stage is scheduled for May 20th, after which votes will be counted on June 4th.
Banks in Maharashtra will remain closed on May 20 in view of the fifth phase of general elections. This phase will include voting in 13 of the state’s 48 Lok Sabha constituencies, including Dhule, Dindori, Nashik, Kalyan, Palghar, Bhiwandi and Thane. , North Mumbai, North West Mumbai, North East Mumbai, North Central Mumbai, South Central Mumbai, South Mumbai.
Here is the list of market holidays for 2024 –
May 20th – General Election
June 17th – Bakrid
July 17th – Muharram
August 15th – Independence Day
October 2nd – Gandhi Jayanti
November 1st – Diwali
November 15th – Guru Nanak Jayanti
December 25th – Christmas
Stock market latest information
The Sensex and Nifty 50, the main benchmarks for the domestic stock market, closed Saturday’s session on an upward note. This extended a recent three-day rally boosted by new overseas investment and positive global signals. All sector indices ended in positive territory, with mid- and small-cap indexes outperforming their benchmarks.
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In the second special session, the 30-share BSE Sensex closed 88.91 points (0.12%) higher at 74,005.94. NSE Nifty 50 rose 35.90 points or 0.16% to 22,502.00. In the overall market, Nifty Midcap 100 gained 0.51% and Nifty Smallcap 100 rose 0.82%. On Saturday, the fear gauge index India VIX registered a gain of 3.67% at the close.
On May 7, BSE and NSE revealed plans for specific trading sessions in the equity and equity derivatives sector scheduled for May 18. This session assesses your readiness to handle a major outage or interruption at your primary site.
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