Will the stock market open for regular trading on Monday?

The exchanges will be closed on Mondays as there is a stock market holiday for both equity and derivative markets to mark the inauguration of Ram Mandir. Late Friday, the exchange declared a holiday under the Negotiable Instrument Act. Likewise, the commodity markets will be closed during the first half of the year and will open for the second half from 5pm on January 22nd.

Due to the sudden holiday declaration, the expiration date for Midcap Nifty and BSE Bankex was shifted to January 20, which was a normal trading day despite being on a Saturday.

Because January 22 is also a settlement date, an investor’s commodity account balance on that date will not include a credit for any profits (realized and marked to market) made on January 19 commodity derivatives transactions or positions.

The balance also does not include credits from options positions closed on January 19, according to broker Zerodha.

Due to recent unplanned holidays, the stock market in 2024 will have a total of 15 days off, similar to 2023.

In 2024, there will be Republic Day (January 26), Mahashivaratri (March 8), Holi (March 25), Good Friday (March 2029), Ramzan Eid (April 11) and Ram. On Navami (April 17), markets are closed in Maharashtra. Memorial Day (May 1), Bakri Eid (June 17), Muharram (July 17), Independence Day (August 15), Mahatma Gandhi (October 2), Diwali (November 1) Sunday), Gurunanak Jayanti (November 15), Christmas (December 25).

The exchange may change the above public holidays, and a separate notice regarding this will be issued in advance. Stock indices closed lower in Saturday’s trading session, dragged by IT companies and HUL, but gains in lenders helped limit some of the losses.

Going forward, quarterly earnings will be watched as some major companies including Axis Bank, Bajaj Auto, Tata Steel and Tech Mahindra are expected to report their results.

The market will also focus on domestic and global events, FII/DII investment patterns, movement of rupee against dollar, crude oil prices, and upcoming budget.

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