1 week ago

NSE, BSE to Remain Open on Raksha Bandhan

NSE, BSE to Remain Open on Raksha Bandhan
Stock market holiday: Will the NSE, BSE remain closed on Friday next week for Raksha Bandhan? · livemint.com

India’s main stock exchanges will not close for Raksha Bandhan on August 28.

The NSE and BSE will allow trading as usual.

Several types of trading, including shares and derivatives, will be available.

Commodity trading on the MCX will also continue.

The next planned market closure is on September 14 for Ganesh Chaturthi.

Other holidays are scheduled for October, November and December.

During the reported week, stock markets were affected by higher oil prices, rising bond yields and geopolitical concerns.

The Nifty 50 and Sensex both ended the week lower.

Key facts

Raksha Bandhan trading status
The NSE and BSE will remain open on August 28.
Equity and derivatives
Equity, equity derivatives and currency derivatives trading will operate.
Other segments
NDS-RST and Tri Party Repo segments will also remain open.
Commodity trading
MCX trading will remain operational on Raksha Bandhan.
Next market holiday
September 14 for Ganesh Chaturthi.
Weekly Nifty 50 performance
The Nifty 50 declined about 0.47% to close at 24,252.
Weekly Sensex performance
The Sensex fell nearly 0.60% to close at 77,540.83.

Quotes

Vinod Nair

Head of Research at Geojit Investments Limited

“Indian equities ended the week on a softer note, with investor decisions shaped largely by the twin overhang of rising energy costs and firm global yields.”
livemint.com

Sources

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