Stock market holiday: Due to Muharram, today, Wednesday, July 17, will see the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), the two major stock markets, open.
Stock market holiday: NSE and BSE will be closed today
The BSE reports that the currency derivatives, interest rate derivatives, stock, equity derivative, SLB, and equity derivatives divisions are closed on Wednesday. The current April–June quarter results for the fiscal year 2024–2025 (Q1FY25) will go forward as planned, despite the suspension of stock market trade.
Twenty-two companies, including Elecon Engineering Company Ltd., Hathway Cable & Datacom Ltd., LTIMindtree Ltd., and Asian Paints Ltd., would release their June quarter results during the day.
Muharram is the tenth market holiday in 2024 according to the BSE calendar. Independence Day (Thursday, August 15), Mahatma Gandhi Jayanti Holiday (Wednesday, October 02), Diwali (Friday, November 01), Gurunanak Jayanti (Friday, November 15), and Christmas (Wednesday, December 25) come next.
Will today be the opening of the commodities market?
The Multi Commodity Exchange (MCX) and the National Commodity Exchange (NCDEX) will not be open for business during the morning shift, which is from 9:00 IST to 17:00 IST. However, they will be open for trade in the evening. As a result, trade will resume on the Indian commodity market on Wednesday at 17:00 IST.
recap of the stock market
For the third day in a row, the local benchmark indices, the Sensex and the Nifty 50, concluded the day at all-time highs, maintaining their run of record-breaking gains. This resulted from purchases made in the telecom, FMCG, and information technology (IT) industries as well as inflows of foreign institutional investors (FII).
The Sensex increased 51.69 points, or 0.06%, to a new all-time high of 80,716.55. Over the course of the day, it rose by 233.44 points, or 0.28%, to hit a new high of 80,898.30.
The Nifty 50 closed at an all-time high of 24,613, up 26.30 points, or 0.11%, as it carried over its winning streak into the third day. Over the course of the day, it rose by 74.55 points, or 0.30%, to hit a new record high of 24,661.25.
Market observers attribute the optimism to the strong Wall Street signaling on Monday night, when the Dow achieved a new record high of 40351.10. However, the India VIX continued to be over 14 levels, raising more worries about volatility. However, broader markets underperformed the benchmarks since they were somewhat above the dotted lines.
Also Read | Stock market holidays in June 2024: NSE and BSE will be closed on this day; see details
