Stock Market News: If you are a stock market investor and continuously trade in the stock market, then there is very important news for you. Investors will not be able to trade in the stock market on Monday, May 20 next month.
Stock Market News: If you are a stock market investor and continuously trade in the stock market, then there is very important news for you. Investors will not be able to trade in the stock market on Monday, May 20 next month. In fact, there will be no trading in the major stock markets BSE and National Stock Exchange on the day of general elections to be held in Mumbai on May 20. Both major stock exchanges have declared a trading holiday on that day.
What did BSE and NSE say?
BSE and NSE said on Monday that there will be no trading in equity, share futures and options and SLB (Securities Lending and Borrowing) segments. “The Exchange is declaring a trading holiday on Monday, May 20, 2024 due to elections in Mumbai,” NSE said in a circular on April 8. Let us tell you that last month the Election Commission had announced that Lok Sabha elections in Maharashtra will be held in five phases, which are scheduled on 19 April, 26 April, 7 May, 13 May and 20 May. Apart from this, NSE has also announced that the maturity date of Nifty Midcap Select Options contract will be May 17 instead of May 20.
Market closed on 11th and 17th April also
The stock market will remain closed on Thursday, April 11 on the occasion of Eid-ul-Fitr (Eid). At the same time, the market will also remain closed on 17th April (Wednesday) on the occasion of Ram Navami. Apart from this, the stock market will also remain closed on Wednesday, May 1 to commemorate the formation of the state (May 1, 1960).
On Monday, BSE Sensex closed at 74,742.50 with a gain of 494.28 points or 0.67 per cent. Nifty closed at 22,666.30, up 152.60 points or 0.68 per cent. Amidst the bullish environment on BSE, the total market capitalization (market cap) of listed companies reached an all-time record level of Rs 400.86 lakh crore on Monday. This is the first time that the total market valuation of BSE listed companies has crossed Rs 400 lakh crore.
