Stock Market Holiday: Are BSE And NSE Open Or Closed On Gandhi Jayanti?

Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will observe a holiday on Wednesday, October 2, on the occasion of Gandhi Jayanti. As a result, no trading activities will take place on this day across both exchanges.

Trading activities across all segments, including equity, derivatives, and securities lending and borrowing (SLB), will continue to be operational for the day. Additionally, trading will continue in the currency and interest rate derivatives segments as well.. Investors and traders are advised to plan their transactions accordingly as normal trading will resume on Thursday, October 3.

For those planning their trading activities, here is a list of the remaining stock market holidays in 2024:

• Diwali Laxmi Puja – November 1, 2024
  (The markets will remain closed during regular hours, but special Muhurat trading will take place to mark the auspicious occasion of Diwali.)

• Gurunanak Jayanti – November 15, 2024
  (A holiday observed in honour of Guru Nanak Dev Ji’s birth anniversary, an important day for the Sikh community.)

• Christmas – December 25, 2024
  (The stock exchanges will be closed in celebration of Christmas.)

These holidays allow investors to plan, especially if they are managing portfolios that could be affected by market closures.

Stock markets in India operate from Monday to Friday, but they remain closed on certain national and religious holidays. These holidays give traders and financial institutions time to observe important events and festivities without the pressure of market fluctuations.

Trading on the equities segment occurs on all days of the week (except Saturdays, Sundays, and holidays declared by the Exchange in advance). The market timings of the equities segment are:

• A) Pre-open session
  Order entry & modification Open: 09:00 hrs
  Order entry & modification Close: 09:08 hrs*
  *with random closure in last one minute. Pre-open order matching starts immediately after close of pre-open order entry.

• B) Regular trading session
  Normal/Limited Physical Market Open: 09:15 hrs
  Normal/Limited Physical Market Close: 15:30 hrs

• C) Closing Session
  The Closing Session is held between 15.40 hrs and 16.00 hrs

• D) Block Deal Session Timings:
  Morning Window: This window shall operate between 08:45 AM to 09:00 AM.
  Afternoon Window: This window shall operate between 02:05 PM to 2:20 PM

Note: The Exchange may, however, close the market on days other than the above scheduled holidays or may open the market on days originally declared as holidays. The Exchange may also extend, advance or reduce trading hours when it deems fit and necessary.

Benchmark equity indices extended fall to a third session as shares of heavyweights Reliance Industries and HDFC Bank weighed on them.

The Nifty ended 0.05% or 13 points lower at 25796.90 and Sensex closed 0.04% or 33.49 points down at 84266.29. Intraday, the Nifty both the Nifty and Sensex fell around 0.2% to hit their respective lows of 25,739.20 points and 84,098.94 points.

Shares of Reliance Industries Ltd., HDFC Bank Ltd., Larsen & Toubro Ltd., Hindustan Unilever Ltd., and Bharti Airtel Ltd. weighed on the Nifty. While those of Infosys Ltd., Mahindra & Mahindra Ltd., Kotak Mahindra Bank Ltd., Tech Mahindra Ltd., and State Bank Of India capped the downside.

Gandhi Jayanti, celebrated on October 2, marks the birth anniversary of Mahatma Gandhi, the Father of the Nation. Known for his non-violent fight for Independence, Gandhiji led movements like the Salt March and Quit India Movement. The day is also observed globally as International Day of Non-Violence, with events like prayer services and tributes held across India, especially at his memorial at Raj Ghat, New Delhi.