look news india
The festival of Raksha Bandhan is on Monday i.e. 19th August. If you are wondering whether there will be trading in the stock market on this festival of brother and sister or not, then the answer is yes. There is no holiday in the stock market on Raksha Bandhan. BSE and NSE are going to open like other business days and traders can buy and sell shares even on the festival. Apart from Saturday and Sunday, there is only one holiday in the stock market in the month of August and that was on the occasion of Independence Day on 15th August.
For the rest of the month of August, the stock market will be closed on Sunday, August 18, Saturday, August 24 and Sunday, August 25. Apart from some public holidays, the stock market is closed every Saturday and Sunday.
How many different holidays are there in the rest of the year?
In the months after August this year, the stock market and multi commodity exchange will remain closed on Saturdays, Sundays and other holidays and the list of such holidays is as follows-
October 2: Mahatma Gandhi's birth anniversary
November 1: Diwali- Lakshmi Puja
November 15: Guru Nanak Jayanti
December 25: Christmas
The market closed at a 2-week high on Friday
On Friday, August 16, the Sensex closed at a two-week high of 80,436.84 with a jump of about 1,331 points. At one point during trading, the Sensex jumped 1,412.33 points or 1.78 percent to reach 80,518.21 points. The Nifty also closed at a two-week high of 24,541.15, up 397 points. The reason for this was the rise in global markets due to reduced fears of recession in the US and buying in IT shares in the local stock market.
Among the Sensex companies, Tech Mahindra, Mahindra & Mahindra, Tata Motors, UltraTech Cement, Tata Consultancy Services, HCL Technologies, ICICI Bank and Tata Steel closed with the highest gains. Among the 30 Sensex companies, only Sun Pharma's stock declined.
Disclaimer: The information given here is for informational purposes only. It is important to note here that investing in the market is subject to market risks. Always seek expert advice before investing as an investor. Informalnewz.com never recommends anyone to invest money here.
