Mumbai, June 17, 2024 - The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will be closed today in observance of Eid-ul-Adha. This public holiday will result in a suspension of trading activities across several segments.
Market Closure Details
On June 17, 2024, the following market segments will not operate:
- Equities
- Derivatives
- Securities Lending and Borrowing (SLB)
- Currency Derivatives
- Interest Rate Derivatives
The holiday affects all transactions typically conducted within these categories, halting trading activities for the entire day.
Commodity Derivatives Segment
While the BSE and NSE will remain closed for the aforementioned segments, the commodity derivatives segment will have a split schedule:
- Morning Session: Closed from 9:00 AM to 5:00 PM
Evening Session:Open from 5:00 PM to 11:55 PM
Traders participating in the commodity derivatives market will be able to resume their activities in the evening session.
Implications for Investors
The closure of the stock exchanges provides a pause in trading activities, allowing investors to reflect on market strategies and prepare for the reopening. Investors should adjust their trading plans accordingly, taking into account the full day closure and the partial availability of the commodity derivatives mark
Resumption of Trading
Normal trading operations for all segments will resume on June 18, 2024. Investors and traders can expect regular market activities to continue as scheduled from this date.
The observance of Eid-ul-Adha provides a crucial time for reflection and celebration. The stock exchanges’ closure aligns with the broader financial market practices of recognizing significant cultural and religious events.
For further information, investors are encouraged to check official notices from BSE and NSE.
