New Delhi: The BSE and NSE will remain open on Monday, August 26, 2024, on the occasion of Janmashtami, which celebrates the date of lord Krishna’s birth. While banks in some states will remain closed for Janmashtami, Idnia’s stock market will remain open for trading and investment.
Traders can continue activity in the equity and equity derivative segment. The securities lending and borrowing segment will also remain open during this period. The multi-commodity exchange (MCX) will remain open for morning as well as evening trades on Janmashtami.
Upcoming stock market holidays in 2024
The BSE and NSE will remain shut on the following days this year:
Date
Days
2.10.2024*
Gandhi Jayanti
1/11/2024*
Diwali
15/11/2024*
Guru Nanak Jayanti
25/12/2024*
Christmas
How Indian indices and commodities performed
Indian indices closed almost flat on Friday as anticipation for a rate cut announcement indication by US Federal Reserve chief Jerome Powell peaked. Gold prices moderated while prices cl8mbed up indicating a wait and watch mood for investors.
While Bharti Airtel, JSW Steel and Bajaj Finserv were the top gainers, Infosys, Asian Paints and HDFC Bank were top drags.
US indices surge after US Fed chair’s speech
US Fed chair Jerome Powell said the time had come for the policy rate to support the economy with inflation largely under control and unemployment indicating a cooldown in labour markets. Indian indices may register a surge on Monday after this announcement since investors may turn bullish on the prospects of a rate cut in September at the next US FOM meeting.
Gold rates surged last week amid expectations of 3 rate cuts this year. However, while those expectations may have been kept on hold, Powell’s definitive speech will finally enable to Fed to bring down the policy rate form its 23-year high. The US Fed was aiming for a cooldown in the economy, and a soft landing into recession to prevent the economy from overheating.
Stock Market Holiday on August 26: Index operators BSE and NSE will remain open on August 26, 2024, when India celebrates the festival of Janmashtami. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
