The Indian inventory markets will stay closed on Wednesday, November 20, 2024 due to the state elections in Maharashtra.
Individuals stroll previous the Bombay Inventory Trade (BSE) constructing in Mumbai, India, March 9, 2020(Francis Mascarenhas/Reuters)
Each the Bombay Inventory Trade (BSE) and the Nationwide Inventory Trade (NSE) will carry out no buying and selling or settlement of shares, derivatives, and securities lending and borrowing (SLB) segments on Wednesday.
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This comes after the Election Fee of India (ECI) on October 15, 2024, introduced the dates for Maharashtra Legislative Meeting Election which can be held in a single section for 288 seats with 4,136 contesting candidates.
The vote counting alternatively, can be performed on Saturday, November 23, 2024.
What concerning the commodity market?
The Multi Commodity Trade (MCX) can even be closed for the morning session, from 9 AM to five PM.
The night buying and selling session nonetheless, can be open for buying and selling, from 5 PM to 11:55 PM. For choose agricultural commodities, it’s until 9 PM.
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In the meantime, the Nationwide Commodity & Derivatives Trade (NCDEX), India’s largest agriculture commodity trade will stay closed.
Since most commodities are traded in futures, all of the contracts expiring on November 20, 2024, will get preponed to the earlier buying and selling day, which is Tuesday, November 19, 2024.
How did the inventory market carry out?
The markets closed within the purple after the buying and selling session on Monday, November 18, 2024.
The benchmark BSE Sensex fell 241.30 factors or 0.31%, settling at 77,339.01, whereas the NSE Nifty closed at 23,453, which was down by 78.90 factors or 0.34%.
With regards to sectoral indices, the Nifty IT plunged 2.32%, adopted by Nifty Media, Pharma, CPSE, and Healthcare indices.
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