market closed: Is the stock market closed on Monday for Eid-al-Adha (Bakri Eid)?

Estimated read time 7 min read
Equity markets will remain closed on Monday, June 17, in observance of Eid-al-Adha (Bakri Eid), according to the market holiday calendar of BSE. Consequently, all segments, including the equity segment, derivative segment, and SLB segment will be closed tomorrow.

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

Further, apart from Bakri Eid (June 17), in 2024, the markets will be shut for 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.

Indian benchmark equity indices logged record closing highs for a second straight session on Friday, driven by state-run companies and energy stocks on hopes of continued capital expenditure spending by the new government. The 30-share BSE benchmark Sensex surged 181 points or 0.24% to settle at 76,993. The broader NSE Nifty gained 67 points or 0.29% to end at 23,465.The Nifty breadth was skewed in favour of bulls with 28 stocks trading in the green, and 22 in the red. The top gainers were Eicher Motors, Adani Ports, M&M, Shriram Finance, and Titan, while the top losers were Tech Mahindra, TCS, Wipro, HCL Tech, and L&T.Meanwhile, the domestically focussed small and mid-cap indexes jumped 1% and 0.75% on Friday, respectively, to hit record highs for a fourth straight session and continued to outperform the benchmarks.They added 15% and 12.36%, respectively, since their slide last week after the election results on June 4, compared with the Nifty’s 7.22% increase, over the same period.

State-run firms and lenders added 4.94% and 2.5%, respectively, for the week, in hopes of policy continuity after key ministers were retained in the new government’s cabinet.

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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