As we move into a new year holiday, traders and investors begin to plan their financial activities for the year ahead. One important consideration in this planning process is the holiday schedule for financial markets and banks. Knowing when markets and banks will be closed is crucial for traders and investors to effectively manage their financial activities. We will provide a comprehensive list of holiday schedules for some of India’s major financial markets, including the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), the Multi Commodity Exchange (MCX), and bank holidays. This information will help traders and investors to effectively plan their financial activities for the year ahead and avoid any potential disruptions due to market closures.
Table of Contents
Trading Holidays 2024
Sr.No | National Holiday | Date | Day |
---|---|---|---|
1. | Republic Day | 26-Jan-2024 | Friday |
2. | Maha Shivaratri | 08-Mar-2024 | Friday |
3. | Holi | 25-Mar-2024 | Monday |
4. | Good Friday | 29-Mar-2024 | Friday |
5. | EID AL FITR | 10-Apr-2024 | Wednesday |
6. | Ram Navami | 17-Apr-2024 | Wednesday |
7. | Maharashtra Day | 01-May-2024 | Wednesday |
8. | Id-ul-adha (Bakri Id) | 17-Jun-2024 | Monday |
9. | Muharram | 17-Jul-2024 | Wednesday |
10. | Independence Day | 15-Aug-2024 | Thursday |
11. | Mahatma Gandhi Jayanti | 02-Oct-2024 | Wednesday |
12. | Diwali-Laxmi Pujan * | 01-Nov-2024 | Friday |
13. | Gurunanak Jayanti | 15-Nov-2024 | Friday |
14. | Christmas | 25-Dec-2024 | Wednesday |
The holidays falling on Saturday / Sunday 2024
Sr.No | National Holiday | Date | Day |
---|---|---|---|
1. | Dr.Baba Saheb Ambedkar Jayanti | 14-Apr-2024 | Sunday |
2. | Mahavir Jayanti | 21-Apr-2024 | Sunday |
3. | Ganesh Chaturthi | 07-Sep-2024 | Saturday |
4. | Dasara | 13-Oct-2024 | Sunday |
5. | Diwali Balipratipada | 02-Nov-2024 | Saturday |
Muhurat Trading will take place on Diwali, Laxmi Pujan, 01 November 2024.
BSE – Bombay Stock Exchange
BSE stands for Bombay Stock Exchange, which is the oldest stock exchange in Asia, located in Mumbai, India. It was established in 1875 and is now the world’s 10th-largest stock exchange by market capitalization.
The BSE provides a platform for trading in equities, derivatives, mutual funds, and currency. It plays a crucial role in the Indian economy as it provides a means for companies to raise capital and for investors to buy and sell securities.
The BSE operates on an electronic trading platform and has a set of rules and regulations that govern the trading of securities on its exchange. It is also responsible for ensuring the integrity of the market and protecting the interests of investors.
NSE – National Stock Exchange
NSE stands for National Stock Exchange, which is one of the leading stock exchanges in India. It is located in Mumbai and was established in 1992. The NSE is a platform for trading various financial instruments, such as equities, futures and options, and currency derivatives.
Similar to BSE, the NSE plays a vital role in the Indian economy by providing a transparent and efficient market for companies to raise capital, and for investors to buy and sell securities. It is regulated by the Securities and Exchange Board of India (SEBI) and has introduced several initiatives over the years to improve market infrastructure, such as the introduction of electronic trading and settlement systems. The NSE’s benchmark index, the Nifty 50, is widely used as a benchmark for the performance of the Indian stock market.
Trading Holidays for the Calendar Year 2023
Here is the list of trading holidays for 2023
S.No. | Holidays | Date | Day |
---|---|---|---|
1. | Republic Day | January 26th, 2023 | Thursday |
2. | Holi | March 07, 2023 | Tuesday |
3. | Ram Navami | March 30, 2023 | Thursday |
4. | Mahavir Jayanti | April 04, 2023 | Tuesday |
5. | Good Friday | April 07, 2023 | Friday |
6. | Dr. Babasaheb Ambedkar Jayanti | April 14, 2023 | Friday |
7. | Id -ul – fitr | April 21, 2023 | Friday |
8. | Maharashtra Day | May 01, 2023 | Monday |
9. | Id – ul- Adha | June 28, 2023 | Wednesday |
10. | Independence Day | August 15th, 2023 | Tuesday |
11. | Ganesh Chaturthi | September 19th, 2023 | Tuesday |
12. | Mahatma Gandhi Jayanti | October 2nd, 2023 | Monday |
13. | Dussehra | October 24th, 2023 | Tuesday |
14. | Diwali Balipratipada | November 14th, 2023 | Tuesday |
15. | Gurunanak Jayanti | November 27th, 2023 | Monday |
16. | Christmas | December 25th, 2023 | Monday |
The holidays that occur on Saturday or Sunday are listed below.
S. No. | Holiday | Date | Day |
---|---|---|---|
1. | Mahashivratri | February 18th, 2023 | Saturday |
2. | Id – ul- fitr | April 22nd, 2023 | Saturday |
3. | Muharram | July 29th, 2023 | Saturday |
4. | Diwali Laxmi Pujan | November 12th, 2023 | Sunday |
MCX – Multi Commodity Exchange
MCX stands for Multi Commodity Exchange, which is a commodity futures exchange located in Mumbai, India. It was established in 2003 and is one of the largest commodity derivatives exchanges in the world, trading in a variety of commodities such as metals, energy, agriculture, and bullion.
The MCX offers trading in futures contracts, which are agreements to buy or sell a specific commodity at a predetermined price and time in the future. The exchange provides a transparent and efficient platform for producers, traders, and investors to hedge their risks and manage their exposure to price fluctuations in the commodity markets.
The MCX is regulated by the Securities and Exchange Board of India (SEBI) and is known for its robust risk management and surveillance systems. Its benchmark commodity indices, such as the MCX Metal Index and MCX Energy Index, are widely used as barometers of commodity market performance in India.
Trading Holidays MCX
Here is the list of trading holidays for 2023 for MCX
S.No. | S.No. | Date | Day |
---|---|---|---|
1. | Republic Day | January 26th, 2023 | Thursday |
2. | Holi | March 07, 2023 | Tuesday |
3. | Ram Navami | March 30, 2023 | Thursday |
4. | Mahavir Jayanti | April 04, 2023 | Tuesday |
5. | Good Friday | April 07, 2023 | Friday |
6. | Dr. Babasaheb Ambedkar Jayanti | April 14, 2023 | Friday |
7. | Id -ul – fitr | April 21, 2023 | Friday |
8. | Maharashtra Day | May 01, 2023 | Monday |
9. | Id – ul- Adha | June 28, 2023 | Wednesday |
10. | Independence Day | August 15th, 2023 | Tuesday |
11. | Ganesh Chaturthi | September 19th, 2023 | Tuesday |
12. | Mahatma Gandhi Jayanti | October 2nd, 2023 | Monday |
13. | Dussehra | October 24th, 2023 | Tuesday |
14. | Diwali Balipratipada | November 14th, 2023 | Tuesday |
15. | Gurunanak Jayanti | November 27th, 2023 | Monday |
16. | Christmas | December 25th, 2023 | Monday |
Bank Holidays 2023
Here is the list of banking holidays for 2023
Date | Day | Holiday |
---|---|---|
14 January 2023 | Saturday | Second Saturday |
26 January 2023 | Thursday | Republic Day |
28 January 2023 | Saturday | Fourth Saturday |
11 February 2023 | Saturday | Second Saturday |
25 February 2023 | Saturday | Fourth Saturday |
8 March 2023 | Wednesday | Holi |
11 March 2023 | Saturday | Second Saturday |
25 March 2023 | Saturday | Fourth Saturday |
30 March 2023 | Thursday | Ram Navami |
4 April 2023 | Tuesday | Mahavir Jayanti |
7 April 2023 | Friday | Good Friday |
8 April 2023 | Saturday | Second Saturday |
14 April 2023 | Friday | Dr. Ambedkar Jayanti |
22 April 2023 | Saturday | Fourth Saturday |
22 April 2023 | Saturday | Id-ul-fitr |
1 May 2023 | Monday | May Day/Labour Day |
5 May 2023 | Friday | Buddha Purnima |
13 May 2023 | Saturday | Second Saturday |
27 May 2023 | Saturday | Fourth Saturday |
10 June 2023 | Saturday | Second Saturday |
24 June 2023 | Saturday | Fourth Saturday |
29 June 2023 | Thursday | Bakrid/Id-ul-Zuha |
8 July 2023 | Saturday | Second Saturday |
22 July 2023 | Saturday | Fourth Saturday |
29 July 2023 | Saturday | Muharram |
12 August 2023 | Saturday | Second Saturday |
15 August 2023 | Tuesday | Independence Day |
26 August 2023 | Saturday | Fourth Saturday |
7 September 2023 | Thursday | Janmashtami (Vaishnva) |
9 September 2023 | Saturday | Second Saturday |
23 September 2023 | Saturday | Fourth Saturday |
28 September 2023 | Thursday | Milad-un-Nabi or Id-e-Milad |
2 October 2023 | Monday | Mahatma Gandhi Jayanti |
14 October 2023 | Saturday | Second Saturday |
24 October 2023 | Tuesday | Dussehra |
28 October 2023 | Saturday | Fourth Saturday |
11 November 2023 | Saturday | Second Saturday |
25 November 2023 | Saturday | Fourth Saturday |
27 November 2023 | Monday | Gurunanak Jayanti |
9 December 2023 | Saturday | Second Saturday |
23 December 2023 | Saturday | Fourth Saturday |
25 December 2023 | Monday | Christmas Day |
FAQs – NSE BSE Holidays List
Can traders still place orders during bank holidays?
It depends on the specific market and the type of orders. Some markets may allow traders to place orders during bank holidays, while others may not.
How do bank holidays impact trading?
Bank holidays can have a significant impact on trading as they disrupt normal trading schedules and market operations. During bank holidays, trading volumes are typically lower, and market volatility may also be affected.
What are some common bank holidays that affect trading?
Some common bank holidays that affect trading include Christmas Day, New Year’s Day, and Easter Monday. Other holidays may vary depending on the country and market.
How do trading holidays impact traders?
Trading holidays can impact traders by disrupting normal trading schedules and reducing trading volumes. Traders may need to adjust their trading strategies and schedules accordingly.
Are there any specific trading strategies that traders use during trading holidays?
Yes, some traders may use specific strategies during trading holidays to take advantage of market closures and reduced trading volumes. For example, some traders may choose to focus on trading specific currency pairs or commodities during trading holidays.
Do trading holidays affect all financial instruments equally?
No, different financial instruments may be affected differently by trading holidays. For example, stock markets may be more impacted by trading holidays than currency markets.
Can trading holidays lead to extended closures?
Yes, in some cases, trading holidays may lead to extended market closures. This may occur due to unexpected events or disruptions to normal market operations.