Stock Market Holiday today: BSE and NSE closed today due to Bakrid, how many more holidays in stock market this year

Stock Market Holiday News:Today, on 17 June 2024, there is no trading in Bombay Stock Exchange (BSE Holiday) and National Stock Exchange (NSE). Stock markets are closed today due to Bakrid (Eid-ul-Adha). Trading will also be closed in derivatives, equities, SLB and currency derivatives and interest rate derivatives. Commodity derivatives will remain closed for the morning session i.e. from 9 am to 5 pm, while it will open for the evening session from 5 pm to 11:55 pm. Stock markets will open for normal trading on June 18.

How many more holidays this year?

July 17, 2024 : Muharram (Wednesday)
August 15, 2024 : Independence Day (Thursday)
October 2, 2024: Mahatma Gandhi Jayanti (Wednesday)
November 1, 2024: Diwali (Friday)
November 15, 2024: Guru Nanak Jayanti (Friday)
December 25, 2024: Christmas (Wednesday)

The markets closed strong on Friday

On Friday, June 14, buying was seen in the domestic stock market. Nifty crossed 23450 in trading, while Sensex gained about 200 points. Only the IT index on Nifty closed in red. While bank, financial, auto, FMCG, pharma, realty and metal indices closed in green. Sensex gained 182 points and closed at 76,993. While Nifty closed 67 points higher at 23,466. Top gainers included M&M, TITAN, HDFCBANK, RELIANCE, BAJFINANCE. Top losers included TECHM, TCS, WIPRO, HCLTECH, LT, SBI.

Market looking for new trigger

Santosh Meeni, Research Head, Swastika Investmart, says that the market is waiting for a big trigger. However, amid the discussion about the budget, we may see action in sector specific stocks this week. The market trend will mainly depend on the progress of monsoon and the flow of institutional investors. He said that on the global front, China’s data, fluctuations in the dollar index and US bond yield are going to be important from the market point of view.

Religare Broking Limited’s Senior Research Vice President Ajit Mishra has said that this is a week with fewer trading sessions due to Monday’s holiday. During the week, market participants will keep an eye on the global market, especially the US market. Motilal Oswal Financial Services’ Retail Research Head Siddharth Khemka says that investors will keep an eye on the interest rate decisions of the Bank of England.

Foreign investors returning

After the Lok Sabha elections, the confidence of foreign investors i.e. FPIs in the Indian stock market seems to be returning once again. Amid the positive trend in domestic and global markets, FPIs bought shares worth Rs 11,730 crore in the second week of June. Earlier, during the first week of June, they had sold shares worth Rs 14,794 crore.