Stock Market Holidays: Trading On BSE, NSE To Be Closed For 9 Days In July 2024; Check Out Dates And Reasons

With July starting on a positive note for Sensex and Nifty, it is also important to note when the stock market will be opened or closed in the current month. Stock market enthusiasts are always looking to grab opportunities for the perks of this investment mechanism. In July 2024, the stock market will be closed for 9 days.

In July 2024, there is one special holiday which is on July 17, 2024. Hence, the stock market will be closed on this day. The reason is due to the occasion of Muharram which will take place across India.

Apart from this, trading will be closed on four Saturdays of the month which are July 6, July 13, July 20, and July 27. Meanwhile, four Sundays which will be on July 7, July 4, July 21, and July 28, are also under the holiday list. This is because markets are generally closed on weekends due to default holidays. However, this may change if there is any special live trading session, so watch out for those notifications from BSE and NSE too.

Brokerage Sharekhan sets a 24,150 target on Nifty for the short-term, while the medium-term target is at 24,500. Meanwhile, Sensex is expected at 80,000 for the short term, and at 80,800 for the medium term.

Looking ahead, Dr V K Vijayakumar, Chief Investment Strategist, at Geojit Financial Services said, "Despite high valuations, the market is likely to remain resilient. The healthy trend in the recent rally, which has pushed Nifty by 6.5% in June, is that it is being led by fundamentally strong large-caps like RIL, leading private sector banks and Bharti Airtel. The high delivery-based buying in large caps is a strong trend that will impart resilience to the market."

Vijayakumar added, "The June auto numbers are likely to be tepid and, therefore, this segment will not witness much market action in the coming days. The Q1 results of financials can turn out to be better than expected and this can sustain the rally in this segment. IT numbers will be tepid but the market response will depend on the management commentary. It is important to appreciate that the global support for the rally continues with the outperformance of the US market where the S&P 500 is up 14.4% YTD compared to 10.4% for the Nifty. The US core CPE for May coming at 2.6% is good news for the bulls since it increases the possibility of rate cuts by the Fed this year."

In a month, Sensex gained by 2,823.67 points or 3.63%, while Nifty surged by 824.35 points or 3.53%. In June 2024, Sensex recorded its new historic high of 79,671.58 and Nifty also touched a new lifetime high of 24,174.00.