Tomorrow is a holiday for the stock market; Momentum trading next month

Tomorrow is a holiday for the stock market; Momentum trading next month


Refer Report

Indian stock exchanges BSE and NSE will not function tomorrow (Wednesday, October 2). The holiday is on the occasion of Gandhi Jayanti. The holiday also applies to commodity and derivatives (equity and currency) trades. According to the holiday calendar from BSE and NSE, the stock market has a total of 15 public holidays in 2024.

Besides Gandhi Jayanti on October 2, Diwali on November 1, Guru Nanak Jayanti on November 15 and Christmas on December 25 are the next holidays. Although Diwali is a holiday, the muhurta trade that coincides with the beginning of the year ‘Samvat-2081’ will be held that evening. This is the time when investors believe it is auspicious to buy new shares and increase their current holdings. After the Lakshmi Puja, the muhurta trade will last for an hour.

Source: Malayalam