Current state of the stock market: Following ‘Pran Pratishtha’ at Ayodhya Ram Mandir, the Maharashtra State Government has announced Monday, January 22, 2024, as a public holiday. Due to this, trading will not take place today at the National Exchange (NSE) or the Bombay Stock Exchange (BSE). As a result, the Indian exchange declared on January 22, 2024, a stock market vacation, following a partial revision in their December 26, 2023, circular.
As a result, today’s activities in the Equity, Equity Derivative, and SLB segments will not occur. Today’s Ayodhya Ram Mandir ‘Pran Pratishtha’ ceremony at the Indian stock market would also cause trading in Currency Derivatives Segments to be paused. trade will continue to be stopped in the Commodity Derivatives and Electronic Gold Receipts (EGR) segments throughout the morning session, which runs from 9:00 AM to 5:00 PM. However, trade will resume in the evening session at the same time. This indicates that from 9:00 AM to 5:00 PM on the MCX (Multi Commodity Exchange) and NCDEX (National Commodity Exchange), there would be no trading activity.
Stock market news.
In a press statement, the NSE said, “In partial modification to Exchange circular reference no. On December 26, 2023, with reference to document number 59917, the Exchange officially designates Monday, January 22, 2024, as a trading holiday in observance of a public holiday declared under Section 25 of the Negotiable Instruments Act, 1881” On Monday, the stock market was closed.The Reserve Bank of India (RBI) released the following statement informing the public of the public holiday that Maharashtra will observe on January 22, 2024: “The government of Maharashtra has declared January 22, 2024, as a public holiday under Section 25 of the Negotiable Instruments Act, 1881.” In light of this, and in addition to the press release 2023-2024/1710 on ” The Market Trading Hours on January 22, 2024, as outlined in the recent announcement earlier today”On January 22, 2024 (Monday), there won’t be any deals or settlements in primary and secondary government securities, foreign currency, money markets, or rupee interest rate derivatives. As a result, settlement of all outstanding transactions will be delayed until Tuesday, January 23, 2024, which is the next working day.”
Stock market holiday 2024
As a result, this week will be shortened in terms of the stock market. The Indian stock market will be closed on January 26, 2024, which is Friday this week, in observance of Republic Day, according to the schedule of stock market holidays in 2024. This implies that this week’s Monday and Friday trading sessions on the Indian stock market would stay closed. Stated differently, there will only be three trading sessions this week (Tuesday through Thursday).
Ayodhya Ram Mandir Pran Pratishtha time
The Ayodhya Ram Mandir Pran Pratishtha sacred rite is set to happen today from 12.15 PM to 12.45 PM.
