Stock Market Holiday: Buddha Purnima is being celebrated on Monday, May 12 across the country today. Now the question in the mind of investors is whether the stock market will be closed today or not. We can get information about the stock market holiday from the list of holidays available on the website of Bombay Stock Exchange. When we checked this list, we found that today the market will be open. Work on both NSE and BSE exchanges will continue today. Last week, there was a decline in the last two business seasons as the conflict between India and Pakistan increased significantly. This is followed by an understanding on the ceasefire on the weekend. In such a situation, the market can see a good boom today.
This year the stock market will be closed on these dates
August 15: There will be no work in the stock market due to Independence Day.
August 27: There will be no work in the stock market due to Ganesh Chaturthi.
September 5: There will be no work in the stock market due to Eid e Milad.
October 2: Due to Mahatma Gandhi Jayanti and Dussehra, there will be no work in the stock market.
October 21: There will be no work in the stock market due to Diwali.
October 22: Due to Diwali Balipratipada, there will be no work in the stock market.
November 5: Due to Prakash Guruparva (Guru Nanak Dev), there will be no work in the stock market.
December 25: There will be no work in the stock market due to Christmas.
How will the market be today
Prashant Tapse, Senior Vice President (Research), Mehta Equality Limited, said that there has been a decrease in the pressure on investors due to a decrease in tension between India and Pakistan, which has been taken by the financial markets as a positive sign. He said that it has been historically seen that whenever such geopolitical tension is reduced, the markets are strengthened and faster. He also added that now everyone’s eyes will be on foreign institutional investors (FIIs), who sold on Friday after making pure purchases for the last two weeks.
This factor is also important
Ajit Mishra, Senior Research Vice Chairman of Railways Broking Limited said that this week will be very important due to many important domestic factors. He said that the eyes of investors will remain on various geopolitical events including the ongoing tension with Pakistan. Also, the Consumer Price Index (CPI), wholesale price index (WPI) and important figures related to foreign trade will also be important for investors on the Economic Front. Mishra further stated that this week Tata Steel, Bharti Airtel, Hero MotoCorp, Tata Motors, Lupine and BHEL are quarterly results, which can affect the market direction.
