Gift Nifty remains open for trading on Holi

Gift Nifty, earlier known as SGX Nifty, is open for trading despite being a national holiday on account of Holi. Gift Nifty, which is a futures contract based on the Nifty50 index of NSE, is closed on five days in the entire year.

Gift Nifty, earlier known as SGX Nifty, is for trading despite being a national holiday on account of Holi. Gift Nifty, which is a based on the Nifty50 of NSE, is closed on five days in the entire year.

These five days include Republic Day, Special Holiday in January on account of Ram temple opening, Independence Day, Mahatma Gandhi Jayanti and Diwali.

Gifty Nifty last traded 0.18% lower at 22,066, after it opened around 22,089 and hit a high of 22,149 at the NSE International Exchange in GIFT City, Gujarat

Gifty Nifty gives an indication of how Nifty 50 react to global factors before the Indian open. But the main exchanges are closed on Monday due to Holi

Similarly, the month of March will see three long weekends. The first one will be due to Mahashivaratri (Friday), which will be celebrated on March 8. This festival holiday is also followed by a Saturday and Sunday, both of which are trading holidays.

The month of March will have a total of three long weekends, offering small breathers for investors from hectic trading days.

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Markets have a total of 14 holidays in the calendar year 2024, one less than the current year 2023. In the year 2023, markets were closed for 15 annual holidays.

In 2024, the markets will be shut for Republic Day (January 26), Mahashivaratri (March 8), Holi (March 25), Good Friday (March 2029), Ramzan Id (April 11), Ram Navami (April 17), Maharashtra Day (May 1), Bakri Id (June 17), Muharram (July 17), Independence Day (August 15), Mahatma Gandhi (October 2), Diwali (November 1), Gurunanak Jayanti (November 15) and Christmas (December 25).

A special muhurat trading will be held on November 01 for Diwali. The exchanges may alter any of the above holidays, for which a separate circular will be issued in advance.

Source: Stocks-Markets-Economic Times