Is the stock market closed tomorrow for Mumbai elections?
Equity markets will be closed for Mumbai elections. Special trading session on March 2, 2024. Nifty 50 and BSE Sensex performance. Top gainers and losers. The Multi-Commodity Exchange (MCX) will remain closed for the morning session but will be open for the evening session. Apart from Mumbai Elections (May 20), in 2024, the markets will be shut for 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).
will remain closed on Monday on account of the , according to the of . Accordingly, all the segments including, the equity segment, derivative segment, and SLB segment will be closed tomorrow.The () will remain closed for the morning session but will be open for the evening session.
Further, apart from Mumbai Elections (May 20), in 2024, the markets will be shut for 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).
The exchanges may alter any of the above holidays, for which a separate circular will be issued in advance.
On Saturday, traded in two special sessions from 9:15 a.m. to 10 a.m. (0345-0430 GMT) from a primary site, and then from 11:30 a.m. to 12:30 p.m. (0600-0700 GMT) from a so-called disaster recovery site as exchanges tested how their systems would respond in the case of unexpected events.
India's markets regulator had scrutinised the stock exchanges - and BSE, after a major in February 24, 2021 due to a technical glitch, when the bourses failed to migrate to the disaster recovery site.
A similar was earlier held on March 2, 2024
The benchmark NSE settled 0.16% higher at 22,502, while the S&P BSE Sensex added 0.12% to 74,006. Both the benchmarks traded in a narrow range.
The Nifty breadth was skewed in favour of bulls with 38 trading in the green, 11 in the red, and one remaining unchanged. The top gainers were , , Tata Motors, Adani Ports, and Hindalco, while the top losers were JSW Steel, M&M, UltraTech Cement, LTIMindtree, and Maruti Suzuki.
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Source: Stocks-Markets-Economic Times
