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Indian Stock Markets Close For Ganesh Chaturthi, Commodities Resume
India’s main stock markets will be closed on Monday, September 14, because of Ganesh Chaturthi.
People will not be able to trade regular shares or equity derivatives that day.
The commodity market will work on a different schedule.
It will be closed from 9 am to 5 pm and reopen in the evening.
Trading will end at either 11:30 pm or 11:55 pm, depending on the commodity.
A settlement holiday pauses the processing of some trades but does not always stop trading.
Indian shares had a difficult previous week.
Investors were worried about higher oil prices, inflation, and interest rates around the world.
The National Stock Exchange and BSE will remain closed on Monday, September 14, for Ganesh Chaturthi.
Equity and equity-derivatives trading will be suspended for the full day.
The Multi Commodity Exchange will reopen at 5 pm after its morning closure.
MCX’s evening session will continue until 11:30 pm or 11:55 pm, depending on the commodity.
Nifty fell 2.09% and Sensex declined 2.27% during the previous week amid global market concerns.
- Who
- The National Stock Exchange, BSE, the Multi Commodity Exchange, and Indian investors and traders.
- What
- Indian equity markets will close for Ganesh Chaturthi, while commodity trading will resume in the evening.
- Where
- Indian financial markets, including the National Stock Exchange, BSE, and MCX.
- When
- Monday, September 14; equity trading is closed all day, and MCX trading resumes at 5 pm.
- Why
- The stock-market closure is for the Ganesh Chaturthi festival; recent market weakness reflected concerns about crude oil, inflation, and global interest rates.
Key facts
- Equity market holiday
- Monday, September 14
- Exchanges closed
- National Stock Exchange and BSE
- Equity trading
- Regular equities and equity derivatives remain suspended for the day
- MCX morning session
- Closed from 9 am to 5 pm
- MCX evening session
- Resumes at 5 pm and runs until 11:30 pm or 11:55 pm
- Nifty weekly performance
- Down 2.09%; closed the final session at 23,398
- Sensex weekly performance
- Down 2.27%; closed the final session at 74,781
Sources
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