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BSE NSE will remain closed: The National Stock Exchange of India has announced that the stock market will remain closed on May 20 due to the Lok Sabha elections in Mumbai. The exchange said in a notification that there will be a trading holiday on May 20 due to the Lok Sabha elections in Mumbai.
Last month, the Election Commission had announced the dates of Lok Sabha elections in Maharashtra in five phases. These are 19 April, 26 April, 7 May, 13 May and 20 May. Due to this holiday, NSE has changed the maturity date of Nifty Midcap Select options contract from May 20 to May 17.
The market remains closed for two days in April
Stock markets will remain closed for two days in April due to the festivals of Ramzan Eid and Ram Navami. There will be Ramzan Eid holiday on 11th April and Ram Navami holiday on 17th April. After this, the stock markets will remain closed on 1st May also on the occasion of Maharashtra Day.
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Earlier in 2014 and 2019 also, BSE and NSE stock exchanges had declared holiday due to Lok Sabha elections. Foreign exchange and currency markets also remained closed for voting. Voting will be held on May 20-24 in Dhule, Dindori, Nashik, Bhiwandi, Kalyan, Thane, Mumbai North, Mumbai North-West, Mumbai North-East, Mumbai-South, Mumbai South Central, Mumbai North Central and Palghar seats.
Sensex and Nifty again reached new record highs
There is a bullish atmosphere in the Indian stock markets. Sensex and Nifty again reached new record highs today. Sensex hit all-time high of 75124.28 and Nifty 50 hit 22768.40. At 12.28 pm, Nifty was trading 43.10 points higher at 22709.40 and Sensex was trading 195.99 points higher at 74933.63. The index hit another record high today as midcap stocks also gained momentum.
Of the 3811 stocks traded on BSE, 1874 stocks advanced and 1804 stocks declined. 216 shares touched year's high while 256 shares hit the upper circuit.