Stock market to remain shut on May 20 on account of voting for Lok Sabha election in Mumbai
As a result, the derivatives contract of Nifty Midcap Select contracts, expiring on May 20, will now expire on May 17.
MUMBAI - The National Stock Exchange of India () has announced a trading holiday on May 20 on account of voting for the general elections in Mumbai, according to a circular issued earlier today.As a result, the derivatives contract of Nifty Midcap Select contracts, expiring on May 20, will now expire on May 17.
Further, the maturity date for the Nifty Midcap Select options contract will be May 17 instead of May 20, NSE said.
Lok Sabha polls in Maharashtra will be held in five phases on April 19, April 26, May 7, May 13 and May 20.
On May 20, voting would be held in the Lok Sabha seats of Dhule, Dindori, Nashik, Bhiwandi, Kalyan, Thane, Mumbai North, Mumbai North West, Mumbai North East, Mumbai South, Mumbai South Central, Mumbai North Central and Palghar.
The market would also be shut on May 1 to mark Maharashtra Day.
Source: Stocks-Markets-Economic Times
