Indian Stock Market Closed Tomorrow In View Of Ram Mandir Ceremony, Check Stock Market Holiday List 2024 Here

The Indian stock market will remain closed on January 22 (Monday), after the Indian bourses - National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) announced a trading holiday on January 22 on account of 'pran pratishtha' ceremony of the Ram Lalla idol at the Ram Temple. The Indian exchanges have declared a holiday under the Negotiable Instrument Act on account of the inauguration of Ram Mandir. Thus, trading across equities, debt, and money markets will also remain shut on Monday.

This time there is a lot of confusion around whether the domestic equity market will see regular trading on Monday after the union government announced a half-day working for all central government employees on January 22 in view of the Ram Mandir's consecration ceremony. The declaration of a stock market holiday came after the Maharashtra government declared a holiday. Next week, Dalal Street will see a long weekend as the stock market will remain closed for four days - Jan 22, Republic Day (Jan 26), Saturday (Jan 27), and Sunday (Jan 28).

A press release issued by the exchanges said, "January 22, 2024 as a trading holiday on account of public holiday declared under Section 25 of the Negotiable Instruments Act, 1881 vide RBI press release 2023-2024/1716 dated January 19, 2024 as attached."

BSE further clarified that the Exchange shall observe a Trading Holiday on January 22, 2024, in Currency Derivatives (including cross currency and interest rate derivatives), NDS-RST, and Tri-Party Repo too.

The Indian stock market had a full trading session on Saturday, Jan. 20, after the stock exchanges announced to conduct a special live trading session on Saturday from the disaster recovery site.

Excluding public holidays and except for any special trading sessions that are announced, NSE and BSE remain open on the weekdays from Monday to Friday and are closed on Saturday and Sunday. However, one should note that banks across many states in India will remain closed on Monday for the New Year celebration.

Meanwhile, Public sector Banks across the country will remain closed for half a day on January 22 on account of Ram Mandir's consecration ceremony. India's leading private sector lenders HDFC Bank and Axis Bank will also remain closed for a complete day on Monday.

One should note that bank holidays do not mean people will not have access to essential digital services like the Internet, UPI, and mobile banking. Even when banks are closed people can conduct financial transactions via online mode.

This year, there will be a total of 14 days when the Indian equity market will remain closed except for regular holidays. In the year 2023, markets were closed for 15 annual holidays.

The days when Dalal Street will remain closed in 2024 include:
Ayodhya Ram Mandir Pran Pratishtha - January 22
Republic Day - January 26
Mahashivaratri - March 8
Holi - March 25
Good Friday - March 29
Ramzan Id - April 11
Ram Navami - April 17
Maharashtra Day - May 1
Bakri Id - June 17
Muharram - July 17
Independence Day - August 15
Mahatma Gandhi - October 2
Diwali - November 1
Gurunanak Jayanti - November 15
Christmas - December 25
A special muhurat trading will be held on November 01 on Diwali.
The exchanges may change any of the above-mentioned holidays, for which a separate circular will be issued in advance.

The Indian benchmark indices closed this week on a negative note. At market close, Sensex slipped 0.36% at 71,423.65 points and Nifty 50 fell 0.23% at 21,571.80 points.