Share Market in India will be closed today (9 August) in observance of Muharram. According to the official BSE website, trading on the BSE and NSE (National Stock Exchange) will be suspended for the entire session on Tuesday. Trading in the Currency Derivatives and Interest Rate Derivatives segments is also halted today. Due to various reasons, markets are scheduled to be closed on three days in August. Aside from the Muharram holiday, trading will be suspended on August 15 (Monday) to commemorate India’s 76th Independence Day, and on August 31 (Wednesday) to commemorate Ganesh Chaturthi.
According to the list of share market holidays 2022 available on the official BSE website – bseindia.com – there will be no action in the Equity Segment, Equity Derivative Segment, and SLB Segment on these three days in August 2022. However, the commodity market will be closed only during the morning session on August 9 and 31, from 9:00 a.m. to 5:00 p.m. On these two days, trading will resume in the evening session from 5 p.m. to 11:30/11:55 p.m. On July 4, the commodity segment will be closed for both sessions. In both sessions, the agriculture commodity index NCDEX (National Commodity & Derivatives Exchange Limited) will be closed for trading.
Share Market Holiday List
After August 31, 2022, the next share market holiday will be in October, with no market holiday in September. On four other occasions in October and November, stock exchanges will be closed. Due to Dussehra, Diwali or Laxmi Pujan, and Diwali Balipratipada, the dates are October 5 (Wednesday), October 24 (Monday), and October 26 (Wednesday). On November 8th (Tuesday), there will be one trading holiday due to Gurunanak Jayanti. During the calendar year 2022, there were 13 declared holidays.
Meanwhile, Indian equity markets closed higher on Monday, with the Nifty closing above the major resistance level of 17500. The Sensex finished 465.14 points or 0.80% higher at 58,853.07, while the Nifty finished 127.60 points or 0.73 percent higher at 17,525.10. The top gainers on the Nifty 50 were M&M, Coal India, Bajaj Finserv, Hindalco Industries, and HDFC Bank, while the laggards were BPCL, SBI, UltraTech Cement, Britannia Industries, and Nestle India. Auto, Capital Goods, Metal, and Power indices all gained 1-2 percent. The BSE midcap and smallcap indices finished slightly higher.