The Indian stock markets will remain closed on Wednesday, July 17, 2024, in observance of Muharram, marking the beginning of the Islamic calendar’s first month, one of the four sacred months in Islam. Consequently, the equity segment, equity derivative segment, and SLB segment will not be operational for the entire day.
Similarly, the currency derivatives segment and commodity derivatives segment will also be closed throughout the day on Wednesday.
However, trading in the commodity derivatives segment and electronic gold receipts (EGR) segment will only be halted during the first half of the day, from 9:00 AM to 5:00 PM. These segments will resume trading in the evening session from 5:00 PM to 11:30 PM/11:55 PM.
Stock Market Holidays in 2024
Investors should take note of the upcoming stock market holidays for July 2024 and beyond. Here is the full list of holidays when the Indian stock markets will remain closed:
- July 17, 2024: Muharram
- August 15, 2024: Independence Day
- October 2, 2024: Mahatma Gandhi Jayanti
- November 1, 2024: Diwali
- November 15, 2024: Gurunanak Jayanti
- December 25, 2024: Christmas
On these dates, trading activities will be suspended across all segments, including equity, equity derivative, currency derivatives, commodity derivatives, and SLB segments. Investors are advised to plan their trading activities accordingly.
When Will Trading Resume on NSE and BSE?
The Indian stock market will resume normal trading on Thursday, July 18, 2024, at 9:15 AM.
The Multi Commodity Exchange of India Limited (MCX) will also halt trading during the morning session on July 17, 2024, in observance of Muharram. Trading on the MCX will resume in the evening session from 5:00 PM to 11:30 PM/11:55 PM.
Market Recap
On Friday, July 15, the Indian stock markets reached new record highs. The BSE Sensex hit an intraday peak of 80,893.51 on July 12, while the NSE Nifty50 soared to a new record of 24,635.05, driven by significant gains in IT and FMCG stocks.
The benchmark indices closed higher following these records. The BSE Sensex rose by 0.18%, or 145.51 points, to settle at 80,664.86. Similarly, the NSE Nifty50 increased by 0.34%, or 84.35 points, to close at 24,635.05.
Broader market indices also saw marginal gains, with the Nifty MidCap edging up by 0.04% and the SmallCap index advancing by 0.17%.
The Nifty IT index performed exceptionally well, surging up to 5% during Friday’s trading session, driven by strong performances from Coforge, TCS, and Mphasis.
Year-to-date, the Indian stock markets have gained approximately 11-12%, supported by the outcome of the Indian Lok Sabha elections and consistent government policies.