Stock Market Today: Market closed on Dussehra today, know which other holiday in October?
Dussehra BSE Sensex Update: The stock market will be closed today on the occasion of Dussehra. Along with this, there will be two more holidays in this month apart from Saturday and Sunday. According to the BSE website, there were a total of 13 other holidays in the market in the year 2022, of which nine holidays have already arrived and one more holiday is left, including the three holidays this month.
If you trade the stock market daily or if you don’t trade daily, the ups and downs of the market make a difference to you, then this report is a must for you. There are now 3 major festivals in October when stock market trading will be closed. The first holiday will be on October 5, i.e. today on the occasion of Dussehra. After this, the market will be closed on October 24 Diwali and October 26, the day of Diwali Pratipada. However, the market will open for Muhurta trading on Diwali, the timing of which will be announced by the market around that date.
Currency derivatives and interest derivatives segments will also remain closed in the market for these three days. As per the information given on BSE website, there will be no work in equity segment, equity derivative segment and SLB segment.
There will be half a day at MCX
Trading will begin on the Multi Commodity Exchange (MCX) after 5 pm on the 5th and 26th. But on the 24th i.e. Diwali, business will be closed for the whole day. At the same time, trading on the National Commodity and Derivatives Exchange Limited (NCDEX) will be completely closed on October 5 and 26. While on the day of Diwali i.e. on 24 October, trading will take place in the second shift.
How many more holidays left in the stock market this year?
After 3 holidays this month, now there will be only one day holiday in the market. Markets will be closed on November 8 next month on the occasion of Guru Nanak Jayanthi. It is to be noted that these holidays are different from the weekly holidays of every week. Apart from the weekly holiday, the market was closed on a total of 9 occasions this year. Now including the next 4 holidays, the stock market had a total of 13 holidays in 2022.
The market fell 6 percent in the past one year
Stock markets across the world, including India, are under pressure due to rising inflation, continued interest rate hikes by central banks and heightened global tensions following the Russia-Ukraine war. But, the good thing is that Indian stock markets are less broken than their counterparts. Sensex and Nifty have fallen by more than 6 percent since last Dussehra till Dussehra this year. This is the first time since 2011 that both benchmarks have fallen this low. Importantly, in yesterday’s session, the Indian stock market witnessed a strong enthusiasm for Vijaya Dashami. The Sensex closed with a jump of over 1270 points while the Nifty also closed up around 400 points.
