Is the stock market closed for Mumbai elections, today?

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Equity markets will remain closed on Monday on account of the Mumbai elections, according to the market holiday calendar of BSE. Accordingly, all the segments including, the equity segment, derivative segment, and SLB segment will be closed tomorrow.

The Multi-Commodity Exchange (MCX) will remain closed for the morning session but will be open for the evening session.

Further, apart from Mumbai Elections (May 20), in 2024, the markets will be shut for Bakri Id (June 17), Muharram (July 17), Independence Day (August 15), Mahatma Gandhi (October 2), Diwali (November 1), Gurunanak Jayanti (November 15) and Christmas (December 25).

The exchanges may alter any of the above holidays, for which a separate circular will be issued in advance.

On Saturday, Indian equities traded in two special sessions from 9:15 a.m. to 10 a.m. (0345-0430 GMT) from a primary site, and then from 11:30 a.m. to 12:30 p.m. (0600-0700 GMT) from a so-called disaster recovery site as exchanges tested how their systems would respond in the case of unexpected events.

India's markets regulator had scrutinised the stock exchanges - NSE and BSE, after a major trading outage in February 24, 2021 due to a technical glitch, when the bourses failed to migrate to the disaster recovery site.

A similar special trading session was earlier held on March 2, 2024

The benchmark NSE Nifty 50 settled 0.16% higher at 22,502, while the S&P BSE Sensex added 0.12% to 74,006. Both the benchmarks traded in a narrow range.

The Nifty breadth was skewed in favour of bulls with 38 stocks trading in the green, 11 in the red, and one remaining unchanged. The top gainers were Nestle India, Power Grid, Tata Motors, Adani Ports, and Hindalco, while the top losers were JSW Steel, M&M, UltraTech Cement, LTIMindtree, and Maruti Suzuki.



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