Both Indian stock exchanges Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will remain closed for two days in the month of May 2024. Specifically, both exchanges will be closed on May 1 in observance of Maharashtra Day.
The day, also referred to as Maharashtra Day, marks the establishment of the state of Maharashtra on May 1, 1960, following the linguistic reorganization of Indian states.
In addition to May 1, the NSE and BSE will be closed on May 20 due to the general elections, specifically when all six Lok Sabha seats in Mumbai are contested in the fifth phase of the seven-phase electoral process.
In Maharashtra, Lok Sabha elections are scheduled across five phases. The first two phases took place on April 19 and April 26, with the remaining seats set for voting on May 7, May 13, and May 20. Vote counting is slated for June 4. The 2024 Lok Sabha elections commenced in India with 102 seats voting in the initial phase on April 19, recording a turnout of approximately 65.5%. Subsequently, in the second phase, another 88 seats underwent polling, with a voter turnout of 63%.
Here's a list of stock market holidays in 2024 -
May 1, 2024 - Maharashtra Day
May 20, 2024 - General Elections
June 17, 2024 - Bakrid
July 17, 2024 - Muharram
August 15, 2024 - Independence Day
October 2, 2024 - Gandhi Jayanti
November 1, 2024 - Diwali
November 15, 2024 - Guru Nanak Jayanti
December 25, 2024 - Christmas
Stock Market Update
On Friday, April 26, the Indian stock market indices, namely the Sensex and the Nifty 50, halted their consecutive five-day streak of gains, influenced by mixed signals from the global market.
The Sensex commenced trading at 74,509.31, contrasting with its previous closing figure of 74,339.44. Throughout the trading session, it reached its peak at 74,515.91 and its nadir at 73,616.65. The composite of 30 shares concluded the day with a decline of 609 points, equivalent to 0.82%, settling at 73,730.16, with 24 stocks exhibiting losses.
The Nifty 50 commenced trading at 22,620.40, contrasting with its previous closing figure of 22,570.35. Throughout the day, it reached its peak at 22,620.40 and its nadir at 22,385.55. Ultimately, the index concluded the session at 22,419.95, marking a decline of 150 points or 0.67 percent from its previous close.
First Published:
28 Apr 2024, 03:18 PM IST
FAQs
Stock Market Holiday Schedule Released for May 2024
The comprehensive list of Stock Market Holidays in May 2024 comprises 1 May 2024 for Maharashtra Day, 4 May 2024, 5 May 2024, 11 May 2024, 12 May 2024, 18 May 2024, 19 May 2024, 20 May 2024 for Lok Sabha Elections 2024, 25 May 2024 and 26 May 2024.
On which day stock market remains closed? ›
Stock markets are closed on weekends i.e. on Saturdays and Sundays, so that traders can relax and take care of their maintenance and administrative responsibilities.
Is the stock market open on 23 May 24? ›
23-May-24 is a Settlement Holiday due to Buddha Pournima. The Currency Segment will be closed on this day for trading. However, other segments are open for Trading. Note: Stock purchased on 22-May-24 will not be allowed to be sold on 23-May-24.
What holidays and early closings are stock market? ›
Early stock market closures
The stock market generally follows its holiday schedule without any additional early closures, with the exception of the day before Independence Day, Black Friday and Christmas Eve, when the Nasdaq and NYSE close at 1 p.m. ET.
What days is the stock market closed for 2024? ›
All NYSE markets observe U.S. holidays as listed below for 2024, 2025, and 2026.
| Holiday | 2024 | 2025 |
|---|
| Independence Day | Thursday, July 4* | Friday, July 4* |
| Labor Day | Monday, September 2 | Monday, September 1 |
| Thanksgiving Day | Thursday, November 28** | Thursday, November 27** |
| Christmas Day | Wednesday, December 25*** | Thursday, December 25*** |
6 more rowsUnited States stock markets, including the Nasdaq and New York Stock Exchange (NYSE), will be closed on Monday, May 27, in observance of Memorial Day. As per a report by USA Today, both exchanges will resume regular trading hours on Tuesday, May 28.
What is the largest one day decline in the stock market? ›
Black Monday crash of 1987
19, 1987, the Dow Jones Industrial Average plunged almost 22%. It was the biggest single-day decline in stock market history. The remainder of the month wasn't much better: By the start of November 1987, most of the major stock market indexes had lost more than 20% of their value.
When was the worst day in the stock market? ›
The 1987 stock market crash, or Black Monday, is known for being the largest single-day percentage decline in U.S. stock market history. On Oct. 19, the Dow fell 22.6 percent, a shocking drop of 508 points. The crash was somewhat of an isolated incident and didn't have anywhere near the impact that the 1929 crash did.
What day are stocks usually the lowest? ›
However, some traders and investors believe that markets tend to trend downward on Mondays. This can mean much lower returns on Monday than there were to be had on Friday, making Monday traditionally known as a good day of the week to snaffle up potentially undervalued stocks and indices.
Is 20 May a NSE holiday? ›
Employment Type. The National Stock Exchange of India (NSE), on April 8, declared May 20 as a trading holiday in Mumbai due to the general elections voting, as per the notification released by the exchange. "The exchange notifies Monday, May 20, 2024 as a trading holiday on account of Parliamentary Elections in Mumbai.
The May futures of Nifty 50 opened flat at 23,000 as against yesterday's close of 23,003. It is now trading at 22,970, down 0.15 per cent. Although the trend is bullish, Nifty futures faces a resistance at 23,040. A breakout of this hurdle can result in the contract rising to 23,200 and then to 23,300.
What was the stock market on May 23 2024? ›
Market live news: Stocks advanced on BSE at 12 noon on May 23, 2024, were 1,865 against 1,769 stocks that declined; 151 stocks remain unchanged. Total stocks traded were 3,785.
What is the best time of the week and day to buy stocks? ›
Timing the stock market is difficult, but understanding when to trade stocks can help your portfolio. The best time of day to buy stocks is usually in the morning, shortly after the market opens. Mondays and Fridays tend to be good days to trade stocks, while the middle of the week is less volatile.
What days is the stock market closed in 2025? ›
Stock Market Holidays
| Holiday | 2024 | 2025 |
|---|
| New Year's Day | Monday, January 1 | Wednesday, January 1 |
| Martin Luther King, Jr. Day | Monday, January 15 | Monday, January 20 |
| Washington's Birthday | Monday, February 19 | Monday, February 17 |
| Good Friday | Friday, March 29 | Friday, April 18 |
6 more rowsFull Stock Market Holidays 2024
Day. Monday, Feb. 19 — Presidents' Day. Friday, March 29 — Good Friday.
What holiday is on May 11 2024? ›
Check the complete list of bank holidays in May 2024:
| Date (Day) | Holiday in States | Reason |
|---|
| May 10 (Friday) | Karnataka | Basava Jayanti/Akshaya Tritiya |
| May 11 (Saturday) | Nationwide | Second Saturday |
| May 12 (Sunday) | Nationwide | Weekly off |
| May 13 (Monday) | Jammu and Kashmir | Lok Sabha elections |
9 more rowsApr 30, 2024
2024 Daily Holidays that fall on May 25, include:
African Liberation Day. Amateur Radio Military Appreciation Day (ARMAD) - May 25, 2024 (Saturday of Memorial Day Weekend) Geek Pride Day. International Heritage Breeds Day - May 25, 2024 (Saturday of Third Full Week in May)
What holiday is May 3 2024? ›
It's Write a Review Day, National Space Day, National No Pants Day, National SAN Architect Day, AAPI Women's Equal Pay Day… and much more!
How many Monday bank holidays are there in 2024? ›
For those living in England and Wales, there are eight bank holidays in 2024. We've already had two Easter bank holidays for Good Friday and Easter Monday (which fell on March 29th and April 1st in 2024), plus the Early May Bank Holiday and the Spring Bank Holiday.
