On Monday, May 20, the Indian stock exchanges—the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)—will remain closed due to the fifth phase of voting in Mumbai for the Lok Sabha elections 2024.
Per the stock market holiday calendar, the equity, equity derivative, Security Lending and Borrowing (SLB) segment, and Currency Derivative Segments will remain shut.
The Multi-Commodity Exchange (MCX), India’s first listed exchange, will also remain closed today for trading in the morning sessions, i.e., 9 AM to 5 PM. However, it will open for trade in the evening session from 5 PM to 11:30 PM /11:55 PM.
Will banks remain closed?
As a result of the fifth phase of elections, Banks in Belapur and Mumbai, Maharashtra will remain closed.
This phase encompasses voting in 13 out of the state’s 48 Lok Sabha constituencies, including Dhule, Dindori, Nashik, Kalyan, Palghar, Bhiwandi, Thane, Mumbai North, Mumbai North-West, Mumbai North-East, Mumbai North-Central, Mumbai South-Central, and Mumbai South.
Market in the previous session
On Saturday, May 18, the markets were open for a special trading session, divided into two sessions. The trading session concluded with upward momentum as Sensex and Nifty closed with 0.1% gains. The markets extended in the green for the third straight session. Broader markets, meanwhile, outperformed benchmark indices.
Holidays in May
According to the stock market calendar, the month of May this year will remain closed for 11 days in total, including Saturdays and Sundays. Before today, the market was closed on account of Maharashtra Day, on May 1.
According to the BSE and NSE websites, the domestic stock market will resume trading normally tomorrow, May 21, at 9:15 am, following the pre-opening session at 9 am.
