The Indian stock market has been a topic of interest for many investors and market enthusiasts, especially after the recent holiday on August 15, 2024, in celebration of the 78th Indian Independence Day. With Raksha Bandhan falling on Monday, August 19, 2024, there has been some confusion regarding whether the stock market will be closed on that day.
According to the official list of stock market holidays for 2024, there is only one trading holiday in August, which was on August 15, 2024. The next scheduled holiday is on October 2, 2024, for Mahatma Gandhi Jayanti. This means that the Indian stock market will remain open on Monday, August 19, 2024, despite Raksha Bandhan being celebrated on that day.
Looking ahead, there are a total of 15 trading holidays in 2024. After the August 15 holiday, there are only four more stock market holidays remaining for the year. These holidays are on October 2, 2024 (Mahatma Gandhi Jayanti), November 1, 2024 (Diwali/Laxmi Pujan), November 15, 2024 (Guru Nanak Jayanti), and December 25, 2024 (Christmas).
For those who want to check the official list of stock market holidays for 2024, it is recommended to visit the websites of BSE (Bombay Stock Exchange) or NSE (National Stock Exchange). By visiting the BSE website at bseindia.com and clicking on the ‚Trading Holidays‘ option, investors can access the complete list of stock market holidays for the year.
In terms of market performance, the Indian stock market ended on a positive note last week. The Nifty 50 index surged by 396 points to close at 24,540, while the BSE Sensex climbed 1,330 points to finish at 80,436. The Bank Nifty index also gained 788 points, ending at 50,515. In the broader market, the BSE Small-cap index rose by 1.70 per cent, and the Mid-cap index increased by 1.80 per cent during Friday’s trading session. All sectors finished in the green, with the IT and realty sectors leading the gains, each posting over 2 per cent intraday increases.
In conclusion, the Indian stock market will be open on Monday, August 19, 2024, despite Raksha Bandhan being celebrated on that day. Investors can stay informed about upcoming stock market holidays by checking the official list provided by BSE or NSE. With positive market performance in the previous week, investors can look forward to continued opportunities in the Indian stock market.