Bombay Stock Exchange is a stock market platform that allows the listing of companies to accumulate funds from investors and the public. The BSE is a significant member of India's capital market, facilitating funds transfer between companies and investors.
Today's article discusses the BSE holidays in 2024 and why it is essential to note them.
Being the first exchange in India and Asia, the BSE ranks number ten among the oldest stock exchanges in the world. Established by Premchand Roychand in 1875, it is located on Dalal Street, Mumbai.
The BSE is home to over 5,000 companies listed, with a total market capitalisation of more than ₹300 trillion. The BSE is also the first exchange to launch commodity derivatives in gold and silver
The stock market witnesses heavy volumes of trading daily. The market prices of stocks are thoroughly dependent on demand and supply, subjecting them to constant fluctuations. Hence, timing the trade is one of the crucial aspects of making profits in the stock market.
Stock market holidays are when no trading happens despite the prices being favourable to investors. So, traders usually take positions before the market closes for a holiday.
It is also noticed that the pre-holiday season has higher volumes because traders want to clear their positions before the stock market closes. The high volume can lead to rapid price movements, making it essential to follow the stock market calendar while formulating strategies.
Some analysts have also observed a trend where traders sell their holdings before a long holiday to save their stocks from adverse events that may occur during the period.
Following are the stock market holidays 2024 (trading holidays) for the current year for the Commodity Derivatives Segment:
|Eid-Ul-Fitr (Ramadan Eid)
|Mahatma Gandhi Jayanti
|Diwali-Laxmi Pujan *
*Muhurat Trading will be conducted on Friday, November 01, 2024. Timings of Muhurat Trading shall be notified subsequently by exchange.
Apart from the above, there are more festivals that fall during weekends in 2024. Considering the BSE remains shut every Saturday and Sunday, these festivals do not have another holiday. However, for the years when these festivals fall on a weekday, they will also be part of the BSE's holiday list.
Below mentioned Indian stock market holidays falling on Saturday/Sunday:
|Dr.Baba Saheb Ambedkar Jayanti
While trading tools and strategies are on one side, executing them at the right time is the other, which is an equally important factor. To do this, the first step is to follow the stock market's timing and calendar. The stock market's holiday list is published on the exchange's official website and various other brokerage and financial platforms.