The Indian stock market will remain closed for trading on three days in October due to festive holidays. BSE and NSE will be shut on 5 October (Wednesday), 24 October (Monday) and 26 October (Wednesday) owing to Dussehra, Diwali or Laxmi Pujan, and Diwali Balipratipada respectively. However, Muhurat trading will happen for one hour on Diwali or Laxmi Pujan, on 24 October, and its timings will be subsequently notified by the exchange. On these three holidays, trading in the Currency Derivatives Segment and Interest Rate Derivatives segment will also remain suspended.
There will be no action in the Equity Segment, Equity Derivative Segment and SLB Segment on these days, according to the list of stock market holidays 2022 available on the official BSE website. The Commodity Derivatives Segment and India’s largest commodities exchange Multi Commodity Exchange of India (MCX) will be closed for trading on 5, 24, and 26 October in the first half of the trading session (between 9 AM and 5 PM). It will resume trading in the evening session from 5 PM to 11:30/11:55 PM on 5 and 26 October.
The National Commodity & Derivatives Exchange Limited (NCDEX), which is the agricultural commodity exchange, will be closed for trading in both sessions on 5 and 26 October. However, it will remain in the second half on 24 October. In November, trading will be closed for just one day – 8 November (Tuesday), on account of Gurunanak Jayanti. According to the BSE holiday calendar, there are 13 declared trading holidays during the calendar year 2022.
Meanwhile, BSE Sensex and NSE Nifty 50 ended nearly 2 per cent higher, snapping a 7-day losing streak on Friday. Investors cheered the RBI MPC announcement of the repo rate hike. BSE Sensex ended at 57,427, up 1,017 points or 1.8 per cent. The NSE Nifty 50 ended at 17,094, up 276 points or 1.64 per cent. Technical analysts believe that Nifty can now move towards 17,500-17,700 zones with key support around 17,000 and 16850