Stock market holiday: Why is trading at BSE, NSE closed today?

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Since the Indian stock market will be closed on Wednesday in honour of Diwali Balipratipada, there will be no trade today.

Trade on Wednesday, October 26, 2022, will be stopped for the duration of the session on both the BSE (Bombay Stock Exchange) and NSE, according to information on the official BSE website (National Stock Exchange).

According to the 2022 stock market holidays listed on the BSE’s official website, trading in the equities, equity derivative, and SLB divisions will be halted today.

Additionally, trading in the interest rate derivatives and currency derivatives categories will be suspended today.

Commodity trading at Multi Commodity Exchange (MCX) will be suspended on all three stock market holidays, although it will restart on October 26, 2022, at 5 p.m. (evening session).

The last holiday of this year, November 8, 2022, will also be the following BSE and NSE trading holiday. There won’t be any trading on the stock market holidays in the equities, equity derivative, and SLB divisions, according to information on the BSE website.

Equities indexes finished down on Tuesday, ending their seven-day rise, amid poor Asian market indicators and inconsistent patterns.

After making early gains, the BSE benchmark lost ground, dropping 287.7 points to close the day at 59,543.9. Similar to this, the NSE Nifty fell 0.4% to end at 17,656.

The rupee gained 7 paise on Tuesday when measured against the US dollar as dropping crude oil prices increased investor confidence.

A special one-hour Muhurat trading session was held on Monday to mark the beginning of the Hindu Samvat year 2079. The benchmark BSE score gained 524.5 points to end the day at 59,831.6. The Nifty gained 0.8% to close at 17,730.

Given that the rate increase cycle is nearing to peak, Samvat 2079 volatility may decline. According to a research from HDFC Securities, growth must rise up worldwide and especially locally in order to combat the depressing mood and restart a sustained gain in the markets.

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