Indian Share Market to Close Tomorrow on Eid, June 29. Learn About the Complete NSE Holidays List 2023
If you want to trade stocks, bonds or mutual funds, then it’s important to know when the markets are open and closed. This is because it can affect trading volumes, especially on the days immediately before and after a holiday.
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Factors Affecting Share Market Holiday
There are a number of reasons behind the Indian Share Market holidays. Many of these reasons have to do with seasonality, and include holidays like Christmas and Holi, as well as shorter vacations such as the summer holiday season. There’s also the fact that there is often very little business news released right before a holiday, so the market tends to calm down and shut down for a while.
As you can see, there are many reasons why the markets close for these holidays, and it’s no wonder they’re so popular. The Indian Stock Exchange closes for a total of around 15 holidays each year, and these are usually on a combination of weekdays and weekends.
Share Market Holiday List 2023
Share market holidays 2023 are a total of 15 days which comprise of important occasions of the year. Republic Day, Holi, Ram Navami, Mahavir Jayanti, Good Friday, Dr. BR Ambedkar Jayanti, Maharashtra Day, Bakri Id, Independence Day, Ganesh Chaturthi, Gandhi Jayanti, Dussehra, Diwali, Guru Nanak Jayanti, and Christmas make it to the share market holiday list this year.
NSE holidays list 2023
The NSE and BSE both have their own set of holidays, and the NSE’s holidays are slightly different from the BSE’s. The NSE has trading holidays on both Saturdays and Sundays, which means that no trading takes place during these days. However, there is one special trading holiday during the month of November that is a bit different from these other holidays.
Muhurat Trading – The Special Holiday
The NSE has a break for Muhurat trading, an auspicious event of the Indian stock market holidays 2023 that happens on Diwali. This year, the date of Muhurat trading is on 12 November. This is a public holiday, and as such, all the securities and commodities markets will be closed during this time.
Share Market Holiday Tomorrow
Wondering whether the share market today open or closed? Well, it’s open! The reason why the NSE has a holiday on 29 June is that it’s the day of Id-ul-adha (Bakri Id). This is a religious holiday for Muslims, and it’s celebrated worldwide. Those who are celebrating will be sacrificing animals and giving gifts to their friends and family. Many suppose today share market holiday, as it was previously scheduled for June 28. However, the decision was lately reconsidered for a share market holiday today.
This is a share market holiday 2023 as it’s a very significant occasion for the Muslim community, and it’s a great way to show their love and respect. The NSE has announced that the equity F&O and commodity markets will be closed on this day. The NSE has also indicated that your commodity account balances will not include the credits from profits (realized and marked to market) from trades or positions in commodity derivatives on the day of the holiday.
