Indian Commodity Exchange (MCX), which is the largest non-agricultural commodity exchange, operates in two sessions – morning and afternoon, between 9:00 am and 11:30 pm/11:55 pm. Meanwhile, the National Commodity and Derivatives Exchange (NCDEX) will remain open for trading between 10:00 am and 9:00 pm.
According to the BSE holiday calendar, trading holidays have been announced for 15 days in 2024. So far, they have remained closed on 11 occasions. The last non-trading day
It was on Thursday, August 15. Following this, the markets will remain closed on Wednesday, October 2 due to Gandhi Jayanti.
Stock markets will remain closed twice in November and once in December. On November 1, Friday, it will be Diwali (Laxmi Pujan) and bourses will conduct Muhurat trading and timings will be notified later. On December 25, Wednesday, they will be closed due to Christmas celebrations. On Friday, the major indices S&P BSE Sensex and Nifty 50 closed flat dragged down by IT and banking stocks. While the S&P BSE Sensex, closed at 81,086.21, up 33.02 points or 0.04%, the broader Nifty closed at 24,823.15 gaining 11.65 points or 0.05%. The top gainers were Bajaj Auto, Coal India, Bharti Airtel, Tata Motors and Sun Pharmaceuticals while the top losers were LTIMindtree, Wipro, ONGC, Asian Paints and Titan. Commenting on the day’s action, Osho Krishan, Senior Analyst – Technical and Derivatives, Angel One, said that the equity markets witnessed a steady and gradual move throughout the week, concluding the week near its highest-ever weekly close of 24,835. The consecutive week of recovery from the lows was supported by broader participation and favourable global sentiment, he said, adding that the Nifty50 index concluded the week with gains of over 1%.
“Going forward, if there have been no aberrations from the global perspective, our markets are likely to perform well. Moreover, any contribution from the banking sector would likely provide a much-needed boost to our markets, propelling the benchmark into uncharted territory. At the same time, it is advised to remain vigilant and fine-tune trading setups based on the aforementioned levels,” Krishnan said.
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(Disclaimer:The recommendations, suggestions, views and opinions of the experts are their own and do not represent the views of the Economic Times)
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