The Indian stock markets are set to observe a total of 10 holidays in the month of August 2024, including weekends. Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed for trading on these days. This information is crucial for investors and traders who need to plan their activities accordingly to avoid any inconvenience.
Here is a list of stock market holidays in August 2024:
– August 3, 2024: Saturday (Weekend)
– August 4, 2024: Sunday (Weekend)
– August 10, 2024: Saturday (Weekend)
– August 11, 2024: Sunday (Weekend)
– August 15, 2024: Thursday (Independence Day – National Holiday)
– August 17, 2024: Saturday (Weekend)
– August 18, 2024: Sunday (Weekend)
– August 24, 2024: Saturday (Weekend)
– August 25, 2024: Sunday (Weekend)
– August 31, 2024: Saturday (Weekend)
The stock market performance leading up to these holidays has been positive. The BSE Sensex index closed 1.62 per cent higher at 81,332.72 points after the trading session on July 26, compared to 80,039.80 points on the previous market day. Similarly, the NSE Nifty 50 index closed 1.76 per cent higher at 24,834.85 points, compared to 24,406.10 points on the previous market day. Nifty Midcap 50 and Nifty Midcap Select were among the top movers in the Nifty indices, showing a change of 2.24 per cent at 16,296.30 points and 2.17 per cent at 12,687 points, according to exchange data.
Looking ahead, the business week of July 29 to August 2 is anticipated to witness the Ola Electric IPO, Akums Drug IPO new issue, and two other potential listings. Additionally, UltraTech Cements has received approval to acquire a 32.72 per cent stake in India Cements. The company will pay ₹3,954 crore at ₹390 per share to purchase the stake from the promoters and their associates, as per a filing on the BSE website.
In conclusion, investors and traders should take note of the upcoming stock market holidays in August 2024 and plan their activities accordingly. The positive market performance and upcoming IPOs and acquisitions indicate a dynamic and potentially lucrative period for the Indian stock markets. Stay informed and make well-informed decisions to capitalize on the opportunities presented in the market.