Stock market holiday: NSE, BSE to remain closed today on Muharram

Stock market holiday : There will be no trade today due to Muharram, so the stock market will be closed. According to information on the official BSE website, trading on Tuesday, August 9, 2022, would be suspended for the whole session on both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).

According to the list of stock market holidays for 2022, which is accessible on the BSE’s official website (bseindia.com), there won’t be any trading today in the equity, equity derivative, and SLB segments.

Interest rate and currency derivatives will continue to be banned today, under the list of stock market holidays for August 2022.

Stock market

In the morning session, from 9:00 AM to 5:00 PM, trading will still not happen in the commodity section. However, trading will start again at 5:00 PM in the evening session.

One of the stock market holidays in August 2022 is Muharram. The other two stock market holidays in August 2022 are Ganesh Chaturthi and Independence Day. For the ceremonies of Ganesh Chaturthi and Independence Day on August 15 and August 31, 2022, respectively, trading at the NSE and BSE will remain suspended. There will be no trading in the equity, equity derivative, and SLB segments between August 15 and August 31, 2022. On August 15, 2022, trading in the commodity derivatives segment will remain closed in both the morning and evening shifts. However, on August 31, 2022, trading will remain closed just in the morning session.

The Indian stock market recovered from an underwhelming start on Monday and closed close to intraday highs. Power, metals, capital goods, and auto stock purchases helped the Nifty 50 index trade 127 points higher at 17,525 levels, while the BSE Sensex increased 465 points to settle at 58,853 levels. The Nifty Bank index increased 316 points and reached a new high of 38,237.

Bond yields reduced their recent increase, and investors balanced the likelihood of aggressive Federal Reserve rate hikes against comforting results as global markets rose as well. On Monday, the Dow Jones rose 0.09 percent, the Nasdaq fell 0.10 percent, the S&P 500 fell 0.12 percent, and the Small Cap 2000 rose 1.10 percent.

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