Stock Market Holiday: Why is trading on BSE, NSE closed today?

The Indian stock market was closed on Wednesday in Diwali Balipratipada’s account, therefore there is no trading activity today. According to the information available on the official BSE website, trading on BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) will remain closed for the entire session on Wednesday, that is, October 26, 2022.

According to the list of stock market holidays for 2022 on BSE’s official website, there will be no action today in the equity segment, the equity derivatives segment and the SLB segment. Meanwhile, trading in the currency derivatives and interest rate derivatives segment also remains suspended today. In the Commodity segment, trading on Multi Commodity Exchange (MCX) in the first half will remain closed on all three stock market holidays, while trading in the second half will begin at 5:00 PM (evening session) on October 26, 2022.

Trading holidays in 2022 on BSE and NSE will then fall on November 8, 2022, which will also be the last public holiday of this year. According to the details available on the BSE website, “There will be no action in the equity segment, equity derivatives segment and SLB segment” during the stock market holidays.

Meanwhile, stock benchmarks ended lower on Tuesday, a break from their seven-day rally amid weak Asian market signals and mixed trends. The BSE benchmark failed to hold onto early gains and fell 287.7 points to close at 59,543.9. On similar lines, the NSE Nifty fell 0.4% to end at 17,656.

The rupee appreciated 7 paise and closed at 82.81 (provisional) against the US dollar on Tuesday as easing in crude oil prices helped investor sentiment.

During a special one-hour Muhurat trading session on Monday to mark the beginning of the Hindu Samvat year 2079, the BSE benchmark rose 524.5 points to end at 59.831.6. The Nifty advanced 0.8% and ended at 17,730.

“In Samvat 2079, volatility could continue, albeit at a slower pace, close to a peak in the rate hike cycle. The resumption of growth at the global level and especially on the domestic front is needed to shake off the sluggish mood and return to the path of a sustained upward trend in the markets,” HDFC Securities said in a note.

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