Stock Market Holiday on Bakrid: This trading week is going to be a bit shorter for the Indian stock market as this week the stock market will trade for four days instead of five. The festival of Bakrid is coming up in the current business week, on the occasion of which there will be a holiday in the stock market. Eid-ul-Azha or the festival of Bakrid will be celebrated across the country on June 29.
When will there be a trading holiday in the stock market?
The country’s main stock exchanges BSE and National Stock Exchange (NSE) will be closed on June 29 on the occasion of Eid-ul-Azha or Bakrid. Earlier, the local stock market was scheduled to remain closed on June 28. But the Maharashtra government has now declared Bakrid as a public holiday on June 29, after which this decision has been taken.
The National Stock Exchange gave the information in a notification
The reasons for the change in the stock market holiday have been given by NSE in a notification. Accordingly, due to Bakrid, the local stock market holiday is being changed to June 29, 2023 instead of June 28. 29 There will be no trading or business operations on NSE and BSE for the entire day.
Notice.
The trading holiday for Eid will be observed on 29th June, 2023 instead of 28th June, 2023.Read more: https://t.co/bowUDZyltg pic.twitter.com/Q5ibRIJfg2
— BSE India (@BSEIndia) June 27, 2023
ideaForge IPO subscription date also changed
The subscription dates of the IdeaForge Technology IPO have also changed due to the stock market holiday change. Earlier this IPO was open till June 29, 2023, but now you have only until tomorrow i.e. June 28 to subscribe to this IPO. BSE has also notified change in subscription dates for IdeaForge Technology IPO.
When will there be a holiday in the stock market after Bakrid?
This is the only stock market holiday in the month of June, for which a total of 15 stock market holidays have been declared this year. Now after Bakrid, the next stock market holiday will be on August 15, 2023, when the entire country will celebrate Independence Day.
How did the Indian stock market fare today?
Tuesday was a mars for the Indian stock market, which broke a three-business-day losing streak. The market cap has increased by over Rs 1.44 lakh crore due to the rally in the stock market today on the back of investor buying. After today’s increase, investor wealth has reached 292.11 lakh crore, which was 290.67 lakh crore on Monday. Today the Indian stock market index Sensex rose 446.03 points to close at 63,416.03 points and Nifty rose 126.2 points to close at 126.2 points. Today 1965 shares advanced, 1420 shares declined and 138 shares were unchanged.
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