The Indian stock markets, including NSE and BSE, will remain closed on November 15 for Guru Nanak Jayanti and November 20 for Maharashtra Assembly Elections. These Stock Market Holidays will impact trading and settlement across various segments, pausing activities during these significant events.
Stock Market Holidays in November 2024 :
The Indian stock markets, including NSE and BSE, will observe two holidays in November 2024. Markets will remain closed on November 15 for Guru Nanak Jayanti and on November 20 due to the Maharashtra Assembly Elections, as announced by NSE on November 8.
Impact on Trading and Settlement :
Trading and settlement activities across all segments, including currency derivatives, futures and options, stock, and commodity derivatives, will be suspended during these holidays. This will briefly halt market activities, affecting transactions scheduled on these days.
Special Trading Session for Diwali :
Earlier in the month, the markets were closed on November 1 for Diwali. A special Muhurat trading session was conducted the same evening from 6:00 to 7:10 pm to mark the beginning of the new Hindu calendar year.
Assembly Elections and Market Closure:
On November 20, markets will close for Maharashtra Assembly Elections, where 288 state legislative assembly seats will be contested. Results are expected on November 23. Political events like elections often influence market sentiments, given their economic and policy implications.
Economic Importance of Maharashtra :
Maharashtra contributes 13-14% to India’s GDP, making these elections significant. The state will witness a contest between the Maha Vikas Aghadi (MVA) coalition and the Mahayuti Alliance, both of which are key players in the political and economic landscape.
December Holiday Schedule :
Looking ahead, the Indian stock markets will observe another holiday on December 25 for Christmas celebrations. This marks the final scheduled holiday for 2024, rounding off the calendar year’s trading activities.
