Stock market holiday: Today on November 14, 2023, the stock market will be closed on the occasion of Diwali Balipratipada. BSE-NSE will be closed today. There will be no trading in Equity Segment, Equity Derivatives Segment and SLB Segment. Currency derivatives market is also closed for trading today.
Let us tell you that today’s holiday is the first holiday of stock markets in November. This month there will be another holiday in the stock market on 27th November on the occasion of Guru Nanak Jayanthi. The stock market will be closed next month on December 25 on the occasion of Christmas.
MCX was shut out in the first half
Today, trading on the Multi Commodity Exchange (MCX) in the commodity segment will close for the first half on Tuesday and resume for the second half at 5 pm. Trading in Currency Derivatives segment and Interest Rate Derivatives segment will remain suspended during the day.
What is Balipratipada: Balipratipada or Bali Padyami is celebrated on the fourth day of Diwali. The day celebrates the return of the king to the world and the victory of Lord Vishnu over the demon-king sacrifice in Vamana avatar.
The Diwali ‘earnings’ were lost the very next day
Domestic bourses fell on Monday with the BSE Sensex closing with a loss of over 325 points. BSE’s 30-share flagship index Sensex ended 325.58 points lower at 64,933.87 points, barring Diwali gains. At one point during the trading, it fell to 406.09 points. The National Stock Exchange’s Nifty also fell by 82 points to close at 19,443.55 points.
Why is the market falling: According to experts After Diwali, the domestic market recovered amid global uncertainty. The drop in industrial production (IIP) in September compared to August and the weakening of the manufacturing PMI reflect the global trend where rising interest rates and inflation are setting the trend.