• Source:JND
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Stock Market Holiday: The stock markets will remain closed today, July 17, 2024, on the occasion of Muharram. Trading will not be functional at the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) today. Trading in derivatives, equity, SLB, currency derivatives, and interest rate derivatives will also remain closed throughout the day. The commodity derivatives segment will remain closed in the morning session, i.e. from 9 am to 5 pm, while the evening session will be open from 5 pm to 11.55 pm. The stock market will resume regular trading on July 18.

How many more holidays in 2024

In addition to Muharram today, there are several other holidays for the stock market in 2024, except for Saturday and Sunday.

Independence Day: August 15, Thursday 2024
Mahatma Gandhi Jayanti: October 2, Wednesday
Diwali: November 1, Friday
Guru Nanak Jayanti: November 15, Friday
Christmas: December 25, Wednesday

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Stock Market on Tuesday

On Tuesday, July 16, buying was seen in the domestic stock market amid mixed global signals. Both the Sensex and Nifty indices reached record highs in intraday trading. However, the market later slipped from the record high but closed in the green mark. Sensex rose 52 points to close at 80,717. Nifty, on the other hand, closed 26 points higher at 24,613. Nifty's Bank, Financial, Metal, and Pharma indices closed in the green mark. Auto, FMCG, IT, and Realty indices closed in the red mark. Top gainers included HUL, Airtel, Tech Mahindra, Infosys, M&M, ICICIBANK. KOTAKBANK, RIL, NTPC, ULTRACEMCO, TATAMOTORS were among the top losers.

Market eyes on budget

Market experts say that the market's eyes are now on the budget. Investors should wait for the budget announcements. The budget will provide clarity on the economic roadmap under the NDA government. Brokerage house Axis Securities believes that this budget will strengthen the narrative of "developed India" by 2047. This is a key focus area for the Modi government. After the formation of the NDA government, market expectations are increasing towards some reduction in capital expenditure, as well as some allocation for the lower sections to address rural challenges. The budget can create a balance between capital expenditure and rural challenges at the moment.

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