If you are an investor or a trader in the Indian share market, you might want to know the holidays when the stock exchanges are closed. Knowing the share market holiday list can help you plan your investments and trading strategies ahead of time. In this article, let’s look at share market holiday list in 2024 for NSE and BSE.
The NSE share market holiday list in 2024 consists of 14 trading holidays and 5 holidays that fall on weekends. The NSE also conducts a muhurat trading session on Diwali, which is considered auspicious for the new Samvat year. The NSE follows a T+1 rolling settlement cycle, which means that the trades executed on a given day are settled on the next working day.
In this article, we will provide you with the complete share market holiday list in 2024 for NSE and BSE, including the trading hours, the segments affected, and the reasons for the holidays. We will also give you some tips on how to make the most of the share market holidays. Read on to find out more.
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NSE and BSE Share Market Holiday List in 2024
|Id-Ul-Fitr (Ramzan Id)
|April 17, 2024
|Mahatma Gandhi Jayanti
|Diwali * Laxmi Pujan
NSE and BSE Share Market Holiday List in 2024 that Fall on Saturday and Sunday
|Dr.Baba Saheb Ambedkar Jayanti
|April 14, 2024
|April 21, 2024
|September 07, 2024
|October 13, 2024
|November 02, 2024
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Muhurat Trading Day in 2024
Muhurat trading is a special trading session that is conducted by both the NSE and the BSE on the occasion of Diwali, the festival of lights. Muhurat trading is considered auspicious for the new Samvat year, which is the Hindu calendar year that begins on Diwali. Muhurat trading is usually held in the evening for an hour and is marked by rituals such as lighting lamps, offering prayers, and exchanging sweets. Muhurat trading is also a time when investors and traders make new investments or buy new stocks for the coming year, hoping for prosperity and wealth.
The muhurat trading day in 2024 is November 01, 2024, which is a Friday. The exact timings of the muhurat trading session will be notified by the exchanges later, but it is usually held between 6 pm and 7 pm. The muhurat trading session is also followed by a special settlement process, which is different from the regular settlement cycle. The trades executed during the muhurat trading session are settled on the next working day, i.e., November 02, 2024, which is a Saturday. The settlement of these trades does not affect the normal settlement cycle of the regular trading sessions.
Summary: Muhurat trading is a special trading session that is conducted by both the NSE and the BSE on the occasion of Diwali, which is considered auspicious for the new Samvat year. The muhurat trading day in 2024 is November 01, 2024, which is a Friday. The trades executed during the muhurat trading session are settled on the next working day, i.e., November 02, 2024, which is a Saturday.
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Trading Settlement Time in 2024
The settlement period in trading refers to the duration between executing a trade and finalizing the settlement process. This crucial phase encompasses the transfer of both funds and securities: buyers provide funds, while sellers transfer securities. The duration of this settlement period varies based on the security type and market sector.
In India, the settlement period for equities and derivatives is typically T+2, indicating that trades executed on a given day are finalized two working days later. This excludes weekends and public holidays. Conversely, government securities and options adhere to a T+1 settlement period, where trades are settled on the next working day, again excluding weekends and holidays.
This settlement timeframe is vital for investors and traders as it impacts the accessibility of funds and securities in their accounts. For instance, purchasing 100 shares of Reliance Industries on Monday necessitates payment by Wednesday, with the shares arriving in the buyer’s Demat account the same day. Conversely, selling 100 shares on Monday results in receiving the sale amount by Wednesday, and the shares must be transferred out of the seller’s Demat account by then. Additionally, the settlement period influences both margin requirements and trade risk management.
Final Thoughts on NSE and BSE Share Market Holiday List in 2024
For stock market investors and traders, staying informed about the NSE and BSE Share Market Holiday List in 2024 is crucial. Both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) have released their holiday schedules for the equity and Futures & Options (F&O) segments. This year, they feature 15 full-day holidays and 10 half-day holidays. Additionally, the Multi Commodity Exchange (MCX) has outlined its holiday calendar for the commodity segment, including 12 full-day and 8 half-day holidays.
These holidays can significantly impact various market aspects such as sentiment, liquidity, volatility, and trading strategies. As an investor or trader, it’s recommended to strategize your trades and investments around these dates. Keeping abreast of market trends and updates during these periods is also essential for effective decision-making and capitalizing on market opportunities.