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Business News/ Markets / Stock Markets/  Stock market to work full day on Saturday, remain shut on Monday

Stock market to work full day on Saturday, remain shut on Monday

The Indian stock market will have a full trading session on Saturday, January 20, and remain shut on Monday, January 22 due to a public holiday in Maharashtra.

Indian stock markets will work on full day on Saturday and will remain closed on Monday.

The stock market will remain open from 9 am to 3:30 pm on Saturday and remain shut on Monday. The decision has come ahead of the Ram Temple ‘Pran Pratishtha’ ceremony in Ayodhya on Monday, January 22.

The Indian stock market will have a full trading session on Saturday, January 20, a National Stock Exchange (NSE) spokesperson confirmed to Reuters.

Also Read: Is the stock market open tomorrow? BSE, NSE to conduct a special live trading session on Jan 20

Whereas, trading across equities, debt, and money markets will remain shut on Monday due to a public holiday in Maharashtra. “In partial modification to Exchange circular reference no. 59917 dated December 26, 2023, the Exchange hereby notifies Monday, January 22, 2024 as a trading holiday on account of a public holiday declared under Section 25 of the Negotiable Instruments Act, 1881," said NSE in its press release on Friday.

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The Maharashtra government has declared a public holiday on January 22 to mark the celebration of Ram temple Pran Pratishtha in Ayodhya. In addition to the Maharashtra government, the central government had declared a half-day closing until 2:30 p.m. on Monday on the occasion of the Ram Mandir ‘Pran Pratishtha’ ceremony.

Earlier, there was ambiguity around the timings for trading on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Saturday.

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Before the confirmation, the stock market was set to open for trading in two special sessions on Saturday as the exchanges looked to test out a failsafe system for trading.

The two stock exchanges were supposed to conduct the special live trading session in the equity F&O segment on January 20, i.e. on Saturday this week. The BSE and NSE are looking to switch to the DR site with the help of this special live trading session, scheduled to take place on January 20, 2024.

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