Stock market holiday: BSE, NSE trades closed today. Here’s why
There will be no trading today as the Indian stock market is closed on Tuesday for Guru Nanak Jayanti. As per the information on the official BSE website, trading on BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) will remain closed for the entire session on Tuesday i.e. November 8, 2022.
According to the list of stock market holidays for 2022 on BSE’s official website, there will be no activity in Equity Division, Equity Derivatives Division and SLP Division today. Meanwhile, trading in currency derivatives segment and interest rate derivatives segment will remain suspended today.
In the commodity segment, trading on the Multi Commodity Exchange (MCX) will be closed for the first half, whereas the second half will be held from 5 PM (evening session) on November 8, 2022.
November 8, 2022 is the last trading holiday of the year on Dalal Street, making it the sixteenth market holiday of the year. Meanwhile, stock exchanges BSE and NSE will resume trading as per its regular hours on Wednesday, November 9, 2022.
According to details on the BSE website, there will be “no activity in Equity Segment, Equity Derivatives Segment and SLB Segment” during market holidays. Last month in October, trading on BSE and NSE was closed on three occasions – Dussehra, Diwali and Diwali Balipratipada.
Meanwhile, the equity benchmark Sensex rose over 230 points to recover 61,000 points on Monday, rising for the second consecutive day, driven by strong buying in banking, auto and metals stocks amid a firmer trend in global equities. Meanwhile, the NSE Nifty ended 0.4% higher at 18,202 points. A stronger rupee against the US dollar and steady foreign capital inflows also supported domestic equities.
Market breadth favored the bulls as 18 out of 30 Sensex counters ended in the green. In the broader market, the BSE smallcap gauge advanced 0.64% and the midcap index rose 0.69%.
On the other hand, the Indian rupee rose 45 paise to settle at 81.90 (provisional) against the US dollar on Monday.