Secrets Revealed: Why BSE and NSE Close for General Elections 2024 in Mumbai?
Unveiling the Why: BSE and NSE Closure for Mumbai's 2024 Elections" - Dive into the reasons behind the shutdown of Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) during Mumbai's General Elections 2024. Explore the implications for traders and investors in this revealing insight.
BUSINESSFINANCE
Bhuwaneshwar
5/11/20241 min lesen
Stock Market Holiday: BSE and NSE Closed in Mumbai for the 2024 General Elections
Mumbai merchants are eager to hear if the stock market will be open as they prepare for the next Parliamentary Elections. Due to the elections, the Bombay Stock Exchange (BSE) has stated that it would be closed on Monday, May 20, 2024.
According to their websites, the BSE and the National Stock Exchange of India (NSE) will both observe a trade holiday on May 20.
The BSE reports that on May 20, the Equity, Equity Derivative, and SLB segments would stay closed. Furthermore, there will be no trading in the electronic gold receipts (EGR) section, commodities derivatives segment, or currency derivatives segment.
The Multi-Commodity Exchange (MCX) will reopen for business in the evening session until either 11:30 PM or 11:55 PM, however it will close for the morning session from 9 AM to 5 PM.
Vote counting is set on June 4 after four polling rounds on May 13, May 20, May 25, and June 1.
The National Stock Exchange (NSE) offers a trading window of six hours and fifteen minutes during regular business hours, which are observed on weekdays from 9:15 a.m. to 3:30 p.m.
Saturdays and Sundays are trading holidays, meaning that there is no trading in the equity, equity derivative, and SLB segments.
The following stock market holidays fall on June 17, Moharram on July 17, Independence Day on August 15, Mahatma Gandhi Jayanti on October 2, Diwali Laxmi Pujan on November 1, Gurunanak Jayanti on November 15, and Christmas on December 25. These dates are based on information provided by the BSE and NSE.
