Stock Market Holiday on Raksha Bandhan: BSE and NSE Open for Business on August 19, 2024!
Raksha Bandhan, celebrated on August 19, 2024, is a cherished festival in India, symbolizing the bond between brothers and sisters. While families come together to celebrate this joyous occasion, many investors are curious about the status of the stock market on this day. Will the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) be open or closed?
Main Points
Stock Market Schedule on Raksha Bandhan
Despite the significance of Raksha Bandhan, both the BSE and NSE will remain open for trading on August 19, 2024. This decision is in line with the stock market’s operational norms, which generally remain unaffected by regional festivals unless they coincide with major national holidays.Trading will continue across all segments, including equity, derivatives, and securities lending and borrowing (SLB). Additionally, activities in currency and interest rate derivatives will also be operational. This means that investors can actively participate in the market even while celebrating this important festival.
Understanding Stock Market Holidays
The stock market in India observes holidays primarily based on national and religious events. In August 2024, the only stock market holiday was on August 15, marking Independence Day. After this holiday, the next scheduled holiday will be on October 2 for Gandhi Jayanti.Here’s a quick overview of the remaining stock market holidays for 2024:
- October 2: Gandhi Jayanti
- November 1: Diwali Laxmi Pujan (with special Muhurat Trading)
- November 15: Gurunanak Jayanti
- December 25: Christmas
Market Timings on Raksha Bandhan
For those looking to trade on Raksha Bandhan, here are the market timings:
- Pre-open session: 09:00 AM to 09:08 AM
- Regular trading session: 09:15 AM to 03:30 PM
- Closing session: 03:40 PM to 04:00 PM
- Block Deal Session:
- Morning Window: 08:45 AM to 09:00 AM
- Afternoon Window: 02:05 PM to 02:20 PM
These timings ensure that traders have ample opportunity to engage in the market throughout the day.
Recent Market Performance
The stock market has shown positive momentum recently. The Nifty and Sensex indices ended a two-week losing streak, achieving their highest closing levels since August 2. On the last trading day before Raksha Bandhan, the Nifty surged by 396 points, closing at 24,540.55, while the Sensex climbed 1,330 points to finish at 80,436.84. This upward trend has been driven by renewed optimism among investors, particularly in the financial and IT sectors.
Celebrating Raksha Bandhan
While the stock market remains open, many families across India will be celebrating Raksha Bandhan with traditional rituals. Sisters tie a rakhi, a sacred thread, on their brothers’ wrists, symbolizing love and protection. In return, brothers pledge to safeguard their sisters. The day is filled with joy, gifts, and the strengthening of familial bonds.
