Stock market holiday today: BSE and NSE will remain closed today on account of Muharram, how many more holidays this year

Share Market Shut Today :Today, on 17 July 2024, the stock markets are closed on the occasion of Muharram. There is no trading in the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) today. Trading in derivatives, equity, SLB, currency derivatives and interest rate derivatives will also remain closed throughout the day. The commodity derivatives segment will remain closed in the morning session i.e. from 9 am to 5 pm, while the evening session will remain open from 5 pm to 11.55 pm. There will be normal trading in the stock market on July 18.

How many more holidays in the year 2024

In the year 2024, apart from Muharram today, there are some holidays for the stock market except Saturday and Sunday.

Independence Day: 15 August, Thursday 2024
Mahatma Gandhi’s birth anniversary: ​​October 2, Wednesday
Diwali: November 1, Friday
Guru Nanak Jayanti: November 15, Friday
Christmas: 25 December, Wednesday

What was the condition of the market on Tuesday

On Tuesday, July 16, buying was seen in the domestic stock market amid mixed global signals. In intraday trading, both the Sensex and Nifty indices reached their all-time high. However, later the market slipped from the record high but closed in the green mark. Sensex saw a rise of 52 points and closed at the level of 80,717. While Nifty closed at the level of 24,613, up 26 points. Bank, financial, metal and pharma indices on Nifty closed in the green mark. While auto, FMCG, IT and realty indices closed in the red mark. Top gainers included HUL, Airtel, Tech Mahindra, Infosys, M&M, ICICIBANK. While top losers included KOTAKBANK, RIL, NTPC, ULTRACEMCO, TATAMOTORS.

Market eyes on budget

Market experts say that now the eyes of the market are on the budget. Investors should wait for the budget announcements. The budget will bring clarity on the economic roadmap under the NDA government. Brokerage house Axis Securities believes that this budget will strengthen the story of “developed India” by 2047. On which the Modi government also has a special focus. After the formation of the NDA government, market expectations are increasing towards some allocation for the lower sections to solve rural challenges along with some reduction in capex spending. At present, there is a possibility of creating a balance between capex and solutions to rural challenges through the budget.