Stock Market Holiday: NSE, BSE to Remain Closed Today on Account of Muharram

The National Stock Exchange (NSE) and the BSE, two leading exchanges, will remain closed today, July 17, on account of Muharram. Wednesday’s trading hours are closed for the stock, equity derivative, SLB, currency derivative, and interest rate derivatives segments, as per the BSE.

However, the commodity derivatives and electronic gold receipts (EGR) segments will only be closed during the first half of the day, from 9:00 AM to 5:00 PM. Trading will resume in the evening session from 5:00 PM to 11:30 PM/11:55 PM for these segments.

Banks in several states will also be closed on Wednesday, July 17, 2024. Muharram is the first month of the Islamic calendar and one of the four holy months of the year.

The markets continued their record-breaking run for the third consecutive day, the benchmark Sensex and Nifty closed at record-high levels on Tuesday following buying in FMCG, telecom and select IT shares and foreign institutional investors (FII) inflows.

The BSE Sensex climbed 51.69 points or 0.06 per cent to settle at a new lifetime high of 80,716.55. The NSE Nifty rose by 26.30 points or 0.11 per cent to settle at an all-time closing high of 24,613. Sector-wise it was a mixed bag with buying seen in reality, FMCG, and Auto.

“Markets rallied for the third consecutive day amid buying by FIIs and a rally in the global markets. With the nearing of a major event – Union Budget, we expect anxiety to increase in the market. Along with this Q1FY25 earnings results of prominent companies will drive the stock-specific action. Globally, Investors will watch for Retail Sales Data from the US,” said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services Ltd.

In the calendar year, both exchanges have designated a total of 14 stock market holidays to align with various festivals and important events.

Markets will be closed on key dates such as Independence Day on August 15 (Thursday), Mahatma Gandhi Jayanti on October 2 (Wednesday), Diwali Pratipada on November 1 (Friday), Gurunanak Jayanti on November 15 (Friday), and Christmas on December 25 (Wednesday).