Indian stock markets are closed today, June 17, for Eid al-Adha (Bakrid), with trading set to resume tomorrow, June 18. The closure includes the capital and money markets, as well as the forex market, and only the commodity derivatives and electronic gold receipts segments will be open in the evening. This is the only stock market holiday in June 2024, and there are a total of 15 holidays scheduled for the entire year. The next trading holiday will be on July 17 for Muharram.
Indian Stock Market Holidays: A Comprehensive Guide
Background
India's stock market operates on a complex schedule that takes into account various events throughout the year. These events can include religious holidays, national observances, and special occasions. The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), the two premier stock exchanges in India, follow this schedule and observe holidays accordingly.
Upcoming Stock Market Holidays in June 2024
June 17, 2024, is Eid al-Adha, also known as Bakrid, and is a major religious holiday in India. It marks the end of the Hajj pilgrimage to Mecca. As a result, the Indian stock markets will be closed on this day. Trading will resume as usual on June 18, 2024.
Other Key Stock Market Holidays in 2024
In addition to Eid al-Adha, there are several other key stock market holidays scheduled for 2024:
FAQs
1. Why are Indian stock markets closed on certain holidays?
Indian stock markets are closed on certain holidays to respect religious and national observances. Additionally, these holidays provide a break for market participants, allowing them to participate in festivities or observe religious traditions.
2. What happens if I have open positions on a stock market holiday?
Open positions will be held overnight and trading will resume as usual on the next business day. However, it is important to note that prices may fluctuate during the holiday period, so traders should monitor their positions closely.
3. Can I still trade during stock market holidays?
No, all stock exchanges in India are closed on official holidays. There is no trading activity during these periods.
4. What are the implications of stock market holidays for investors?
Stock market holidays can create investment opportunities as well as risks. During holidays, prices may fluctuate due to news or changes in market sentiment. Investors should be aware of these potential risks and make informed decisions accordingly.
5. Is there any compensation for lost trading days due to stock market holidays?
No, there is no compensation for lost trading days due to stock market holidays. It is part of the normal business rhythm and investors should factor these holidays into their trading strategies.
With the release of the official notification for SBI PO 2024 expected soon, aspirants need to start preparing early and effectively manage their time to excel in the highly competitive exam. This article provides valuable time management tips for all three stages of the exam, helping candidates stay focused and increase their chances of success. From familiarizing yourself with the exam pattern to mastering each section with strategic time allocation, this guide is a must-read for dedicated SBI PO exam candidates.
The use of AI in the insurance industry has been gaining momentum, with a recent report showing that 29% of working hours in the industry can be automated by gen AI. However, this also raises concerns about maintaining personal connections with clients and using the technology responsibly. The threat of cyberattacks is also increasing, leading to growing costs for Canadian businesses. While AI has the potential to revolutionize tedious tasks and improve fraud detection, it also poses legal and privacy risks if not properly integrated. As a result, CISRO has issued guidelines for insurance intermediaries to help them understand and mitigate these risks when using AI.
DMart, India's leading supermarket chain, saw a surge of 12.33% in its stock following a 17.18% growth in standalone revenue in the third quarter of 2021 compared to the previous year. However, concerns have been raised over increased competition in the industry, with players like Flipkart and Amazon offering home delivery at lower prices. This has led to doubts over DMart's previously unquestioned dominance in terms of price advantage. Despite this, brokerage firms like CLSA continue to suggest an 'Outperform' rating on DMart, citing its strong store addition and same store sales growth.
As Bitcoin marks its 16th anniversary, it continues to rise in popularity among investors. In just 48 hours, 11,000 BTC were removed from exchanges, indicating a strong belief in the asset's long-term potential. This trend is further evidenced by the $1 billion worth of BTC accumulated by investors since the start of the year. The approval of the ProShares Bitcoin Strategy and 11 spot Bitcoin ETFs by the SEC shed light on the increasing interest from institutional investors, with net flows into spot Bitcoin ETFs reaching $4.63 billion in December alone. Bitcoin enthusiast Tom Lee predicts that the asset could reach $250,000 in 2025, fueled by a favorable regulatory landscape and increased interest from other nations' Bitcoin reserves. With a capped supply of 21 million coins and a current price of $96,800, all eyes are on Bitcoin as it approaches this significant psychological and financial milestone.
In this edition of Traders' Diary, the Zee Business research team provides exclusive research and investment ideas on 20 stocks to track for January 3, 2025. Analysts Pooja Tripathi and Kushal Gupta share their top stock picks, including Avati Feeds, PB Fintech, Bajaj Finance, Lupin, Bank of Baroda, JK Cement, Amber Enterprises, and V2 Retail. With targets and stop losses for each stock, this diary is a must-read for investors and traders.
The Chinese logistics sector has seen a significant increase in activity in the last month of 2024, with the market's prosperity index reaching its highest level. This is due to supportive policies and strong market dynamics. It is projected that the total value of the country's logistics market will exceed 360 trillion yuan, cementing China's position as the world's largest logistics market for the ninth consecutive year. Experts believe that the positive growth in the sector will continue, with noticeable improvements in production and business activities.
The Sharjah Electricity and Water Authority (Sewa) has extended its working hours in order to provide better services to the public. The decision came after the recent instruction from His Highness Dr Shaikh Sultan bin Mohammed Al Qasimi, and is part of Sewa's comprehensive plan to enhance its services and develop its sectors. This move will help prevent issues of scarcity in the emirate and bring Sewa's services up to international standards.
The Indian Institute of Technology (IIT) Roorkee will be releasing the GATE 2025 Admit Cards on January 7, 2025. Students who have registered for the GATE 2025 examination can download their hall tickets through the official website. The admit cards were supposed to be released on January 2 but were delayed and will now be available on January 7. Here's how candidates can download their GATE 2025 admit cards.
After a recent surge, the overall cryptocurrency market is starting to cool down, but two coins have managed to stand out with remarkable gains. Urolithin A, a compound used in longevity research and part of the Pump Science platform, has surged over 100% in the last 24 hours. Similarly, the meme coin Akuma Inu has also seen a significant increase in price, reaching new all-time highs and earning a coveted listing on CoinMarketCap. These gains are likely a result of various developments and partnerships for both coins, showcasing their potential for growth in the market.
At the 16th edition of the Bangladesh Brand Forum's Best Brand Awards, mobile financial service provider bKash took the lead as the best brand, followed by Grameenphone and RFL Houseware. Other notable brands in the top 15 included Radhuni Masala, Closeup, and Daraz Bangladesh, which was recognized as the most loved brand in the e-commerce category for the fourth consecutive year. The event also saw Gree being named as the "Most Emerging Brand" for its sustained rise in brand equity index for three consecutive years.