Stock Market Holidays 2024: Trading On BSE, NSE Will Be Closed For Nine Days In October? Check List

The next month is right around the corner, and stock market will be closed for a total of nine days and will have at least 22 trading sessions. The first holiday in October for BSE and NSE is scheduled on October 2, which will also be its only special holiday of the month. The rest of them are weekends.

That also means that the stock market will be opened during key festivals and occasions such as Shardiya Navratri, Ghatasthapana, Navapatrika Puja, Rama Ekadashi, Dhanteras, Monthly Shivaratri, and Naraka Chaturdashi among others.

Also, it needs to be noted that the market will be closed on Dussehra and Durga Visarjan as they fall on weekends which is the default holiday.

Here is the list of working and closed days for the stock market in India during October 2024:

October 2: The market will be closed on this day due to Gandhi Jayanti which is a national holiday celebrated across India irrespective of states and territories, to commemorate the birthday of Mahatma Gandhi who is also called the ' "Father of The Nation" by late-Subhas Chandra Bose.

Weekend Holidays: Market will be closed on Saturdays and Sundays of October 5, October 6, October 12, October 13, October 19, October 20, October 26, and October 27.

Dussehra and Durga Visarjan will take place on October 12 and October 13.

Stock Market Trading Days: The Market will be opened on the remaining days of October that are not mentioned in the holiday list.

Stock Market Outlook Ahead:

YTD, Sensex has skyrocketed by 13,299.91 points or 18.40%, while it touched a new all-time high of 85,978.25 last week in September. Further, Nifty 50 jumped by 4,433.25 points or 20.4%, while hitting its new record high of 26,277.35.

Sensex is now chasing for 86,000 mark and Nifty 50 for its next high levels such as 26,500 and 27,000.

Last week, on Friday, the Sensex and Nifty ended at 85,571.85 and 26,175.15 respectively.

Vinod Nair, Head of Research, at Geojit Financial Services said Indian benchmarks experienced a 1.7% increase for the week, marking the third consecutive weekly gain. This upward trend was significantly influenced by last week's substantial US rate cut. The market responded positively to the Fed's rate cut and stable economic data points, which accelerated foreign inflows and generated momentum in domestic markets."

Additionally, Nair added, China's economic stimulus announcement has bolstered investor confidence, resulting in notable positive momentum in global markets, particularly within Asian indices. Metals and commodity-related stocks outperformed, while IT and export stocks rallied in anticipation of a recovery in discretionary spending, as indicated by signals from American IT peers. Softer commodity prices, including oil, are favourable for the domestic economy, and there is an expectation of a recovery in corporate earnings in H2FY25, driven by anticipated increases in government spending.

October month is going to be packed with key Q2 results for FY25, mainly by tech companies and banks.

Lastly, Nair said, a visible trend is that this rally was predominantly led by large-cap stocks, which are relatively fairly valued compared to mid and small-caps, which are showing signs of exhaustion. A risk to the rally is elevated valuations. Given the stimulus and attractive valuations like China, FII are inclined to Eastern Asian peers. Looking ahead, investors will be focusing on the Q2 earnings, with an anticipation of an improvement in earnings outlook.