Stock market today: Following the ‘Pran Pratishtha’ at the Ayodhya Ram Mandir, the Maharashtra State Government has proclaimed a public holiday on Monday, January 22, 2024. As a result, trading at the Bombay Stock Exchange (BSE) and the National Exchange (NSE) will be suspended today. So, the Indian exchange has scheduled a stock market holiday on January 22, 2024, following a partial adjustment to its circular dated December 26, 2023.
As a result, there will be no action in the Equity Segment, Equity Derivative Segment, or SLB Segment today. The Ayodhya Ram Mandir ‘Pran Prathshtha’ ceremony would also cause trading in the Currency Derivatives Segments to be paused in the Indian stock market today.
Trading in the Commodity Derivatives Segment and Electronic Gold Receipts (EGR) Segment will be suspended in the morning session, which runs from 9:00 AM to 5:00 PM, but will continue in the evening session at 5:00 PM. This implies there will be no trading on the MCX (Multi Commodity Exchange) or NCDEX (National Commodity Exchange) from 9:00 AM to 5:00 PM.
Stock Market News
The NSE declared a stock market holiday on Monday, stating in a press release that “In partial alteration to Exchange circular reference no. 59917 dated December 26, 2023, the Exchange hereby notifies Monday, January 22, 2024, as a trading holiday on account of a public holiday declared under Section 25 of the Negotiable Instruments Act, 1881.”
The Reserve Bank of India (RBI) published a statement informing the public of the Maharashtra public holiday on January 22, 2024, stating, “The Government of Maharashtra has declared January 22, 2024 as a public holiday under Section 25 of the Negotiable Instruments Act, 1881. As a result, and by the press release 2023-2024/1710 issued earlier today on “Market Trading Hours on January 22, 2024,” there will be no transactions or settlements in government securities (primary and secondary), foreign exchange, money markets, or rupee interest rate derivatives on January 22, 2024 (Monday). Settlement of any pending transactions will be postponed until the next business day, January 23, 2024.
Stock Market Holidays 2024
As a result, this week will be cut short in terms of stock market activity. According to the list of stock market holidays in 2024, the Indian stock market will be closed on January 26th, 2024, which is Friday this week, to commemorate Republic Day across the country. This means that trading in the Indian stock market will be suspended on Monday and Friday this week. In other words, there will only be three trading sessions this week (from Tuesday to Thursday).
Ayodhya Ram Mandir Pran Pratishtha Time
The sacred ceremony of Ayodhya Ram Mandir Pran Pratishtha is set to take place today between 12.15 PM and 12.45 PM.
