Stock Market Holiday: Indian stock markets will remain closed on Wednesday, November 20, 2024, and there will be no work on BSE and NSE in the stock market. The holiday in the stock market has been announced to commemorate the assembly elections in Maharashtra. The stock market has given official information about this.
Trading Holiday On Currency Market and Commodity Exchange As Well
The stock market on both the BSE and NSE will be closed on this day due to the Maharashtra assembly elections. There will also be a holiday for currency and commodity exchange trading.
Mumbaikars Will Be Busy On November 20 Due To Political Stir In Mumbai
On the same day, Jharkhand assembly elections will also be held, and 9 assembly by-elections of Uttar Pradesh have been announced. The holiday has been given in the stock market because it is election day in Mumbai, the country’s financial capital, from where the stock exchanges operate. There will be political turmoil in Maharashtra’s capital, Mumbai, on November 20. For this reason, a little attempt has been made to pause financial work so that all Mumbaikars and residents of Maharashtra can exercise their right to vote.
Stock Market Will Remain Closed For 12 Days In November
The stock market will remain closed for 12 days in November, and the reason for this is the presence of festivals and special holidays. On Friday, November 1, the stock market was closed during Diwali. After this, on Friday, November 15, the stock market will remain closed due to Guru Nanak Jayanti. After this, on Wednesday, November 20, the stock market will remain closed on the day of the Maharashtra Assembly elections. At the same time, 12 days of the stock market holiday are included in November, including all Saturdays and Sundays.
Holiday Notification Issued On NSE
The notification issued by the exchange on NSE said, “The trading holiday will continue on the coming Wednesday, November 20, in honour of the assembly elections in Maharashtra.” For information, let us tell you that voting will occur in the 288-member assembly on November 20, and votes will be counted on November 23.
