Stock Market Holiday On Raksha Bandhan: Are BSE And NSE Open Or Closed?

The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will remain open on Monday, August 19, in observance of Raksha Bandhan.

Despite the celebration of Raksha Bandhan in many parts of India, the stock market will operate on its regular schedule, with holidays generally based on national and religious events.

Photo Credit: PTI

Trading activities across all segments, including equity, derivatives, and securities lending and borrowing (SLB), will continue as usual. Additionally, trading will be maintained in the currency and interest rate derivatives segments as well.

Stock Market Open Or Close On Raksha Bandhan?

The remaining stock market holidays for 2024 are as follows:

- Gandhi Jayanti - October 2
- Diwali Laxmi Pujan - November 1 (Muhurat Trading will be conducted)
- Gurunanak Jayanti - November 15
- Christmas - December 25

Trading on the equities segment occurs on all weekdays (excluding Saturdays, Sundays, and holidays declared by the Exchange in advance). The market timings for the equities segment are:

- Pre-open session:
- Order entry & modification Open: 09:00 hrs
- Order entry & modification Close: 09:08 hrs* (*with random closure in the last minute)
- Pre-open order matching starts immediately after the close of pre-open order entry.

Regular trading session:

- Normal/Limited Physical Market Open: 09:15 hrs
- Normal/Limited Physical Market Close: 15:30 hrs

Closing Session:

- Held between 15:40 hrs and 16:00 hrs

Block Deal Session:

- Morning Window: 08:45 AM to 09:00 AM
- Afternoon Window: 02:05 PM to 2:20 PM

The Exchange may, however, close the market on days other than the above-scheduled holidays or may open the market on days originally declared as holidays. The market hours may also be extended, advanced, or reduced when deemed necessary by the Exchange.

Stock Market Closing Bell:

The Nifty and Sensex ended their two-week fall to reach their highest levels since August 2. Benchmark equity indices recorded weekly gains following two consecutive weeks of losses. Both the Nifty and Sensex closed at their highest levels since August 2 on Friday, driven by gains in financial and IT stocks. Only three out of the Nifty 50 stocks ended with losses, while 47 ended higher. The Nifty increased by 1.64% or 396.80 points to end at 24,540.55, and the Sensex rose by 1.68% or 1,330.96 points to end at 80,436.84. Intraday, the Nifty climbed 1.74% and the Sensex 1.79%.

Raksha Bandhan 2024:

Raksha Bandhan 2024 will be observed on Monday, August 19. This festival symbolizes the unbreakable bond between siblings, with sisters tying a sacred thread called a rakhi on their brothers' wrists while praying for their well-being. Brothers, in turn, pledge to protect their sisters. The festival, marked by love, joy, and the exchange of gifts, remains a cherished tradition in Indian households.