Share Market Holiday: This month is proving to be good for the domestic stock market. The market has been witnessing a bullish trend for 4 consecutive weeks…
Share Market Holiday:Â This month has proved to be good for the domestic stock market. For the last four consecutive weeks, BSE Sensex and NSE Nifty are witnessing a rise. This market momentum is expected to continue in future also, but before that a different update has come out.
Today is the first day of the business week i.e. Monday. Generally, every week a new week for the market starts from Monday. The market is open every day from Monday to Friday from 9:15 am to 3:30 pm. During this time, investors and traders make deals of their choice. The situation is going to be different this Monday, because major Indian stock markets are going to remain closed today.
This week will be of four days
According to a notice from BSE and NSE, the domestic stock market will remain closed on Monday (27 November) on the occasion of Guru Nanak Jayanti. On this occasion, no trading will be possible in both the major stock markets. This time the week for the market will start from Tuesday. In this way, this week for the market will be of four days instead of five days.
These exchanges will be affected
According to the notice, trading will remain closed today in all segments including equity, derivatives and SLB segments on both the major domestic stock exchanges BSE and NSE. At the same time, on the occasion of Guru Nanak Jayanti, commodity exchange MCX will remain closed only in the morning session. Trading on MCX will take place in the evening session from 5 pm to 11:30 pm. Whereas Agri Exchange NCDEX will remain closed for both the sessions.
Second holiday in a month
The month of November has proved to be a rally as well as a holiday for the market. Earlier this month also there had been a holiday in the market for one day. Earlier on November 14, the domestic stock market was closed on the occasion of Diwali Bali Pratipada. This means there have been two market holidays in the month of November. It rarely happens that there are two market holidays in a month.
Market rose so much in 4 weeks
Talking about the domestic market, on the last day of last week, Friday 24th November, Sensex and Nifty fell for the second consecutive day. The Sensex fell 47.77 points to close at 65,970.04 points on Friday. Nifty slipped 7.30 points to 19,794.70. If we look at it week wise, the fourth consecutive week was profitable for the market. During the last 4 weeks, the Sensex has strengthened by about 2,200 points i.e. about 3.50 percent.
