Stock Market Holiday in October 2024: Sensex, Nifty to remain shut on THIS day next month

The Indian stock market is experiencing bullish growth due to solid domestic investments and positive economic indicators. With Sensex and Nifty 50 reaching new highs, traders should prepare for market closures on October 2 for Gandhi Jayanti.

Livemint
Published28 Sep 2024, 12:07 PM IST
Indian Stock Market will remain shut on THIS day in October.
Indian Stock Market will remain shut on THIS day in October.

Ahead of the beginning of October, stock market traders and investors need to be aware of the stock market holidays next month. Both Indian stock exchanges, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), will remain shut on 2 October to mark the birth anniversary of Mahatma Gandhi.

According to the Bombay Stock Exchange's website, trading in the equity, equity derivative, currency, SLB, commodity, and Electronic Gold Receipts (EGR) segments will remain closed on October 2.

Also Read | Why gold outshined Nifty 50 in YTD despite bull trend on Dalal Street?

The National Stock Exchange's holiday calendar has notified 2 October as a holiday for equities.

List of stock market holidays in 2024

October 2, 2024 - Gandhi Jayanti

November 1, 2024 - Diwali

November 15, 2024 - Guru Nanak Jayanti

December 25, 2024 - Christmas

Indian stock markets at an all-time high

Indian stock market indices continued their stellar run last week. Benchmark indices Sensex and Nifty 50 broke all-time records and settled at a promising mark on Friday.

Also Read | Stock market today: Nifty 50, Sensex end off record highs; IT, metals shine

Last week also saw Sensex surpass the remarkable 85,000 mark, which is seen as a significant milestone by market traders and experts. The achievement has also unlocked another phase of the benchmark index and brightened the prospect of reaching the coveted 1 lakh (1,00,000) mark, indicated market experts to Mint's Pranati Deva.

Stock Market Performance on September 27

Nifty 50 touched an all-time-high mark of 26,277 on Friday. However, it settled 37 points or 0.14 per cent lower at 26,179 later in the day. Sensex reached an all-time-high mark of 85978.25 during the Friday trading hours after settling 264.27 points or 0.31 per cent lower at 85,571.85.

Also Read | Sebi cuts down timeline for debt securities from T+6 to T+3

The Indian market growth and robust domestic inflows are the result of several factors, including strong economic projections, robust global market mood, supportive monetary policies, and growing domestic investments, which are contributing to this bullish sentiment in the market. Driven by the positive economic outlook, domestic inflows have increased significantly in recent years, with the rising retail participation in the equity markets creating substantial liquidity and stable demand.

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First Published:28 Sep 2024, 12:07 PM IST
Business NewsMarketsStock MarketsStock Market Holiday in October 2024: Sensex, Nifty to remain shut on THIS day next month

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