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PratapDarpan > Blog > Buisness > Market Insight > Will the stock market remain closed on Monday on the occasion of Eid-ul-Azha (Bakrid)?
Market Insight

Will the stock market remain closed on Monday on the occasion of Eid-ul-Azha (Bakrid)?

PratapDarpan
Last updated: 16 June 2024 17:51
PratapDarpan
12 months ago
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Will the stock market remain closed on Monday on the occasion of Eid-ul-Azha (Bakrid)?
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According to the BSE market holiday calendar, equity markets will remain closed on Monday, June 17 on the occasion of Eid-al-Azha (Bakri Eid). As a result, all segments, including the equity segment, derivatives segment and SLB segment will remain closed tomorrow.

The Multi-Commodity Exchange (MCX) will also remain closed for the morning session, but will be open for the evening session.

Moreover, in 2024, apart from Bakrid (June 17), the markets will remain closed for Muharram (July 17), Independence Day (August 15), Mahatma Gandhi (October 2), Diwali (November 1), Guru Nanak Jayanti (November 15) and Christmas (December 25).

The Exchange may alter any of the above holidays by issuing a separate circular in advance.

Indian benchmark equity indices on Friday hit record highs for the second consecutive session, led by gains in state-run companies and energy stocks on expectations of continued capital spending by the new government. The 30-share BSE benchmark Sensex rose 181 points, or 0.24%, to close at 76,993. The broader NSE Nifty rose 67 points, or 0.29%, to close at 23,465.

On the Nifty, 28 stocks were trading in the green and 22 in the red, with a bullish trend. Top gainers were Eicher Motors, Adani Ports, M&M, Shriram Finance and Titan, while top losers were Tech Mahindra, TCS, Wipro, HCL Tech and L&T.

Meanwhile, domestically focused small- and medium-cap indices jumped 1% and 0.75%, respectively, on Friday to hit record highs for the fourth straight session and continued to outperform benchmarks.

They have risen 15% and 12.36%, respectively, since the fall last week following the election results on June 4, while the Nifty has gained 7.22% in the same period.

State-owned companies and lenders rose 4.94% and 2.5%, respectively, during the week on hopes of policy continuity after the new government retained key ministers in the Cabinet.

(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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