Stay informed about the temporary closure of the Indian stock market on November 27 for Guru Nanak Jayanti. Learn about the significance of this festival and the segments affected, including equity and derivatives. Explore recent market performance on November 24 and anticipate the resumption of trading on the National Stock Exchange and Bombay Stock Exchange on November 28. Plan your investment strategies with insights into market trends and upcoming holidays. Discover the latest updates in the world of Indian stock markets.
Today, November 27, marks a trading hiatus in the Indian stock market in observance of Guru Nanak Jayanti, a significant festival for Sikhism commemorating the birth anniversary of the first Sikh Guru, Guru Nanak Dev. On this day, trading activities across various segments, including equity, equity derivatives, SLB (Securities Lending and Borrowing), currency derivatives, and interest rate derivatives, will be temporarily halted.
This closure follows a series of market holidays in November, totaling 13 days, due to various festivals and designated holidays. Investors can anticipate the resumption of trading on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) tomorrow, Tuesday, November 28.
Looking ahead, the stock market is set to close again on December 25 in observance of Christmas, according to the holiday schedule. Notably, the most recent market closure was on November 14 for Diwali Balipratipada.
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As for the market performance on November 24, the domestic benchmark indices, Sensex and Nifty 50, experienced a subdued session. The Sensex closed lower by 47.77 points or 0.07%, settling at the 65,970.04 level. Similarly, the Nifty 50 concluded the day at 19,794.70, down 7.30 points or 0.04%. The decline was attributed to a downturn in information technology (IT) and fast-moving consumer goods (FMCG) stocks. In contrast, metal and pharma stocks showed resilience, posting gains.
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On the broader market front, the Nifty Midcap 100 mirrored the previous session by closing flat, while the Nifty SmallCap 100 outperformed the benchmark indices, closing 0.30% higher. The fear gauge index, India VIX, closed 0.13 points higher on Friday.
As investors gear up for the market’s reopening tomorrow, it’s essential to stay informed about the upcoming holiday schedule, with the next closure scheduled for Christmas on December 25.