- Indian stock market to stay open on 19th August 2024 despite Raksha Bandhan.
- August 15th was the only market holiday this month for Independence Day.
- Next market holiday scheduled for 2nd October 2024 for Mahatma Gandhi Jayanti.
The Indian stock market will remain operational on Monday, 19th August 2024, despite the Raksha Bandhan holiday falling on the same day.
Investors initially expressed uncertainty due to the festival‘s significance, but the official list of trading holidays clarifies that the markets will not observe a holiday for Raksha Bandhan this year.
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Looking ahead, the next trading holiday will be on 2nd October 2024 in observance of Mahatma Gandhi Jayanti. Investors can refer to the official trading holiday calendar on the BSE or NSE websites to stay updated on future market closures. With only four trading holidays remaining in 2024, market participants can plan their activities accordingly.
The confusion arose partly because Raksha Bandhan sometimes leads to regional holidays in various sectors. However, the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have made it clear that there will be no break in trading on this day. This decision ensures continuous market activity following the recent Independence Day holiday.
For those planning their trading activities, it’s important to note that the next scheduled holiday is on 2nd October 2024 for Mahatma Gandhi Jayanti. Following that, the market will also close on 1st November 2024 for Diwali (Laxmi Pujan) and 15th November 2024 for Guru Nanak Jayanti, before the final closure of the year on Christmas Day, 25th December 2024.
To avoid any future confusion, investors are encouraged to refer to the official list of stock market holidays published on the BSE and NSE websites. With a few more holidays left in the year, staying informed will help in planning trades effectively, ensuring smooth and uninterrupted participation in the market.
Investors can trade confidently on 19th August 2024, knowing that the stock market will remain open despite Raksha Bandhan. Keeping track of the official trading holiday calendar will help avoid any future uncertainties.
“The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett
