The Indian stock markets will observe a trading holiday on November 20, 2024, due to the Maharashtra Assembly elections. Here’s a comprehensive breakdown of the closure and its impact on different market segments.
Table of Contents
NSE Holiday: Complete Market Closure (9:00 AM – 5:00 PM)
- Equity trading
- Derivatives segment
- Currency derivatives
- Interest rate derivatives
- Securities lending and borrowing (SLB)
Partial Market Closure
Morning Session (9:00 AM – 5:00 PM)
- Commodity derivatives
- Electronic gold receipts (EGR)
Evening Session (5:00 PM – 11:55 PM)
- Commodity derivatives segment open
- EGR segment operational
Important Dates to Remember
- November 20: Market Holiday (Maharashtra Assembly Elections)
- November 21: Trading Resumes
- November 23: Vote Counting Day
Remember to plan your trading activities accordingly and stay updated with market developments when trading resumes.
Recent Market Performance
November 19 Trading Highlights
The markets showed positive momentum, breaking a seven-day losing streak:
Key Index Performance:
- Sensex: Up 239.37 points (0.31%) at 77,578.38
- Nifty: Up 64.70 points (0.28%) at 23,518.50
Sector-wise Performance
Gainers (0.5-2.5% Up)
- Media
- Auto
- Realty
- IT
- Pharma
Decliners (0.5% Down)
- Metal
- Oil & Gas
- PSU Bank
Top Performers
Nifty Gainers:
- M&M
- Trent
- Tech Mahindra
- HDFC Bank
- Eicher Motors
Nifty Losers:
- SBI Life Insurance
- HDFC Life
- Reliance Industries
- Tata Consumer
- Hindalco
Market Analysis
Technical Indicators
- Formation of DOJI candlestick pattern around 200DMA
- Resistance level: 23,800
- Support level: 23,300
Broader Market Performance
- BSE Midcap: Up nearly 1%
- BSE Smallcap: Up nearly 1%
- Broader markets outperforming frontline indices
Currency Market Update
- Indian Rupee closed at 84.41 per dollar
- Previous close: 84.39
- Marginal depreciation observed
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FAQs
Q1: When will regular trading resume?
Regular trading will resume on November 21 (Thursday) across all segments of both BSE and NSE.
Q2: Why is the market closed on November 20?
The closure is due to the Maharashtra Assembly elections, where voting for all 288 constituencies will be held in a single phase. The vote counting is scheduled for November 23, 2024.
