Inventory market vacation at present: Why are BSE Sensex, Nifty50 closed for buying and selling on October 2, 2024?

All through the calendar yr, there are 16 scheduled holidays for inventory markets. (AI picture)

Inventory market vacation at present: On October 2, inventory markets in India will stay closed in observance of Gandhi Jayanti. This closure impacts all segments, together with fairness akin to BSE Sensex, Nifty50, by-product, and SLB. Moreover, the multi-commodity trade is not going to function throughout each morning and night periods.
All through the calendar yr, there are 16 scheduled holidays for inventory markets, which is yet one more in comparison with the earlier yr.Along with the Indian markets, the Chinese language inventory markets can be closed for an prolonged interval from October 01 to October 7 because the nation celebrates China Nationwide Day. Hong Kong’s market can even be closed on October 1.
The subsequent buying and selling vacation in India can be on Friday, November 1, resulting from Diwali Laxmi Pujan. Nevertheless, the exchanges will conduct a particular buying and selling session, referred to as the Muhurat buying and selling session, on November 1 to have a good time the auspicious event of Diwali. This session will mark the start of Samvat 2081, a brand new Hindu Calendar yr.
Additionally Learn | Gandhi Jayanti: Are banks in India closed on October 2, 2024? Examine financial institution holidays record
The benchmark indices, BSE Sensex and Nifty50, skilled a slight decline on Tuesday, marking the third consecutive day of losses amidst profit-taking within the oil & gasoline sector and choose FMCG shares. The BSE Sensex closed at 84,266.29, down by 33.49 factors or 0.04 per cent, after fluctuating between a excessive of 84,648.40 and a low of 84,098.94 throughout the buying and selling session.
Equally, the NSE Nifty ended the day marginally decrease, shedding 13.95 factors or 0.05 per cent to settle at 25,796.90. Analysts attributed the lackluster efficiency of the markets to subdued world market traits and substantial overseas fund outflows, which dampened investor sentiment.
Since Friday, following China’s announcement of stimulus measures to bolster its economic system, the Sensex has misplaced practically 1,570 factors or roughly 2 per cent, whereas the Nifty has fallen by 419 factors or 1.6 per cent.