Stock market right this moment: In the wake of ‘Pran Pratishtha’ in Ayodhya Ram Mandir, the State Government of Maharashtra has declared a public vacation on Monday, twenty second January 2024. Therefore, buying and selling actions on the Bombay Stock Exchange (BSE) and National Exchange (NSE) will stay closed right this moment. So, twenty second January 2024 is a inventory market vacation, which the Indian alternate has introduced after partial modification of their round dated December 26, 2023.
Therefore, there will likely be no motion within the Equity Segment, Equity Derivative Segment, and SLB Segment right this moment. Trading at Currency Derivatives Segments will even stay suspended on the Indian inventory market right this moment for the Ayodhya Ram Mandir ‘Pran Prathshtha’ ceremony.
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In the Commodity Derivatives Segment and Electronic Gold Receipts (EGR) Segment, buying and selling will stay suspended within the morning session i.e. from 9:00 AM to five:00 PM however it’s going to resume within the night session at 5:00 PM. This means, there will likely be no motion on MCX (Multi Commodity Exchange) and NCDEX (National Commodity Exchange) from morning 9:00 AM to five:00 PM.
The NSE declared the inventory market vacation on Monday by issuing a press launch saying, “In partial modification to Exchange round reference no. 59917 dated December 26, 2023, the Exchange hereby notifies Monday, January 22, 2024, as a buying and selling vacation on account of a public vacation declared beneath Section 25 of the Negotiable Instruments Act, 1881.”
Informing concerning the public vacation in Maharashtra on twenty second January 2024, the Reserve Bank of India (RBI) issued an announcement saying, “Government of Maharashtra has declared January 22, 2024 as a public vacation beneath Section 25 of the Negotiable Instruments Act, 1881. Accordingly, and in modification of the press launch 2023-2024/1710 issued earlier right this moment on “Market Trading Hours on January 22, 2024″, there will likely be no transactions and settlements in Government securities (main and secondary), overseas alternate, money markets, and Rupee Interest Rate Derivatives on January 22, 2024 (Monday). Settlement of all excellent transactions will accordingly get postponed to the subsequent working day i.e., January 23, 2024 (Tuesday).”
Hence, this week will likely be a truncated week from the inventory market perspective. As per the record of inventory market holidays in 2024, the Indian inventory market will stay closed on twenty sixth January 2024 i.e. on Friday this week for the Republic Day celebration throughout the nation. This means buying and selling actions within the Indian inventory market will stay suspended on Monday and Friday this week. In different phrases, there will likely be simply three commerce classes this week (from Tuesday to Thursday).
Ayodhya Ram Mandir Pran Pratishtha time
The sacred ceremony of Ayodhya Ram Mandir Pran Pratishtha is scheduled to take place right this moment in between 12.15 PM to 12.45 PM.
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