Stock market holiday: Why is trading at BSE, NSE closed today?
There will be no trading today since the Indian stock market will be closed on Wednesday in observance of Diwali Balipratipada.
According to information on the official BSE website, trade on Wednesday, October 26, 2022, would be suspended for the whole session on both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).
Today’s trading in the equity, equity derivative, and SLB segments will be suspended in accordance with the schedule of stock market holidays posted on the BSE’s official website for 2022.
Trading in the segments for Interest Rate Derivatives and Currency Derivatives will also be halted today.
All three stock market holidays will not see any trading in the commodity segment at Multi Commodity Exchange (MCX), however trade will resume on October 26, 2022, at 5 p.m. (evening session).
The next BSE and NSE trading holiday will be on November 8, 2022, which also happens to be the final holiday of this year.
According to information on the BSE website, there won’t be any trading activity on the stock market holidays in the equity, equity derivative, and SLB segments.
Amidst weak Asian market indications and uneven trends, equities indexes closed down on Tuesday, breaking their seven-day surge.
The BSE benchmark lost ground after making early gains, falling 287.7 points to end the day at 59,543.9. The NSE Nifty dropped 0.4% to conclude at 17,656 along similar lines.
When compared to the US dollar, the rupee strengthened 7 paise on Tuesday as falling crude oil prices boosted investor confidence.
To commemorate the start of the Hindu Samvat year 2079, a special one-hour Muhurat trading session was held on Monday. The BSE benchmark increased 524.5 points to close at 59,831.6. The Nifty finished at 17,730, up 0.8%.
Given that the rate rise cycle is about to reach its height, volatility in Samvat 2079 might taper down.
To overcome the gloomy atmosphere and resume a prolonged advance in the markets, growth must pick up globally and especially domestically, according to a report from HDFC Securities.