Is The Stock Market Closed On New Year (Jan 1, 2024); Check Complete Stock Market Holiday List Here

The Indian stock market will remain open on New Year's Day i..e Jan 1, 2024. This means that there will be regular trading on Dalal Street on Monday and benchmark indices Sensex and Nifty will trade as usual from 9:15 a.m. to 3:30 p.m.

Besides, the MCX will also remain open for both morning and afternoon sessions on Monday.

This time there is a lot of confusion around whether the domestic equity market will see regular trading on Monday as many global markets will remain closed on this day for the New Year celebration. There will be no trading in the US, or most of the European and Asian markets on January 1.

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. Banks will remain closed for as many 16 days including regular holidays i..e Sundays and second, and fourth Saturdays in January 2024.

However, 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:

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 ended the calendar year 2023 with double-digit growth. On a year-to-date (YTD) basis, the 30-share BSE Sensex pack rose 18.10% and the NSE Nifty index gained 19.42%. At market close on Friday, Sensex slipped 0.23% at 72,240 points and Nifty fell 0.22% at 21,731.