Indian Stock Market Remains Closed on Maharashtra Day 2023
Today, May 1, 2023, will see a halt to trade on the Indian stock market as a result of Maharashtra Day. The BSE and NSE (National Stock Exchange) will not be open for trading during the day in May 2023, according to the schedule of stock market holidays. The SLB Segment, Currency Derivatives Segment, Equity Segment, and Equity Derivative Segment are included in this.
Trading will resume in the evening session at 5:00 PM for the Commodity Derivatives Segment and Electronic Gold Receipts (EGR) Segment, which will remain halted in the morning session. As a result, from 9:00 AM to 5:00 PM, there won’t be any trading on the MCX (Multi Commodity Exchange) or NCDEX (National Commodity Exchange).
There is just one trading holiday in May in 2023, which is on May 1st, according to the calendar of stock market holidays for 2023. The following stock market holiday will be held on June 28, 2023, in observance of Bakri Id. The following stock market holiday will be on August 15, 2023, in observance of Independence Day.
The Indian stock market begins at 9:15 AM on regular days, and trading at the NSE and BSE lasts until 3:30 PM. Pre-open session begins in the morning at 9:00 AM and concludes at 9:15 AM after 15 minutes. The morning and evening trading hours are used for the commodity market.
The Indian stock market recently had moderate upward movement early in the week and quickly acquired upward momentum in the final two sessions. The BSE Sensex gained 463 points and concluded at 61,112 levels, while the NSE Nifty closed 149 points higher at 18,065. The Bank Nifty index rose by 233 points and ended the day at 43,233. On Friday of last week, the mid-cap index soared 1.32 percent while the small-cap index increased by 0.91 percent.
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