Is the Indian Stock Market Closed Tomorrow, August 26, for Janmashtami?

As the week wraps up with a positive note in the Indian stock market, many investors and market enthusiasts are curious about whether the market will be open on Monday, August 26, 2024, which coincides with Janmashtami. Given the festival’s significance, there is some uncertainty regarding whether it will be a trading holiday.

Checking the Stock Market Holiday Status

To confirm if the Indian stock market is closed tomorrow, the most reliable method is to check the official websites of the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE). These platforms provide a comprehensive list of stock market holidays. On the BSE website, for instance, one can easily find this information by navigating to the ‘Trading Holidays’ section.

Will the Stock Market Be Closed on Janmashtami 2024?

Indian Stock Market Closed Tomorrow: According to the official list of stock market holidays in 2024, the Indian stock market will not be closed on Monday, August 26, 2024, for Janmashtami. The only trading holiday in August was on August 15, 2024, in observance of Independence Day. After this, the next scheduled trading holiday is on October 2, 2024, for Mahatma Gandhi Jayanti.

This means that the BSE and NSE will operate as usual on Monday, and trading activities will continue without interruption. Investors can proceed with their plans, knowing that the market will be open for business.

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Upcoming Stock Market Holidays in 2024

The Indian stock market has a total of 15 trading holidays in 2024. With the year progressing, only four holidays remain after August 15:

• October 2, 2024 (Wednesday): Mahatma Gandhi Jayanti
• November 1, 2024 (Friday): Diwali/Laxmi Pujan
• November 15, 2024 (Friday): Guru Nanak Jayanti
• December 25, 2024 (Wednesday): Christmas

Weekly Market Performance

The Indian stock market ended the week on a high note, despite some sideways movement during the trading sessions. The Nifty 50 index closed at 24,823, achieving a weekly gain of 283 points or 1.15 percent. The BSE Sensex also showed a positive trend, finishing with a weekly gain of 650 points or 0.80 percent, closing at 81,086. Meanwhile, the Bank Nifty index recorded a weekly rise of 0.83 percent, closing at 50,933.

In the broader market, the Small-cap and Mid-cap indices outperformed the frontline indices. The Small-cap index saw a remarkable weekly gain of 3.40 percent, while the Mid-cap index registered a 1.95 percent increase.

Conclusion

To sum up, the Indian stock market will remain open on Monday, August 26, 2024, despite Janmashtami falling on this date. Investors can check the official BSE and NSE websites for the most accurate and up-to-date information on trading holidays. With no trading holiday scheduled for this day, market participants can continue their trading activities as planned.