Is the stock market open today? Check NSE, BSE, MCX Trading Timing

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Stock market holidays 2022: The stock market will remain closed on Wednesday, August 31, on the occasion of Ganesh Chaturthi. According to the information available on the NSE website, NSE will not make any trades during the entire session on Ganesh Chaturthi. Similarly, there will be no trading action on BSE on August 31, 2022, in the equity segment, the equity derivatives segment and the SLB segment.

Commodity markets will be closed for the morning session on Wednesday. Regular trading will take place in the evening session, according to the schedule. For commodity traders, Multi Commodity Exchange (MCX) will be closed for the first time between 9:00 a.m. and 5:00 p.m. on Wednesday. It will open in the second part of the session from 5 p.m. to 11:30 p.m. Similarly, the National Commodity & Derivatives Exchange Limited (NCDEX) will be closed during the morning session between 9 a.m. and 5 p.m. and will resume trading from 5 p.m. to 9 p.m.

Stock market holidays in 2022

After August 31, 2022, the next stock market holiday will fall in the month of October, which means there is no holiday in September. The exchanges will remain closed four more times in October and November. The days are October 5 (Wednesday), October 24 (Monday) and October 26 (Wednesday) because of Dussehra, Diwali or Laxmi Pujan and Diwali Balipratipada respectively. In November, there will be a commercial holiday on November 8 (Tuesday) due to Gurunanak Jayanti. A total of 13 public holidays have been declared in the calendar year 2022.

On Tuesday, domestic equities completely reversed the previous day’s losses, with US futures recovering ground even as Asian markets remained mixed. At home, the winners were mainly driven by banking and financial stocks. The market capitalization of all BSE-listed companies jumped from Rs 5.73 lakh crore to Rs 280.35 lakh crore from Rs 274.56 lakh crore on Monday, as Sensex climbed more than 1,600 points and Nifty50 broke above the 17,700 level.

Santosh Meena, Head of Research at Swastika Investmart Ltd., said, “The Indian stock market has witnessed a surprising and powerful rally to welcome Lord Ganesha. Our markets are showing resilience despite volatile global signals and a surge in crude oil prices, but this kind of rally has everyone baffled. This powerful rally can be attributed to delivery-based buying by FIIs and short hedging in the F&O market. The Rupee has also seen strong appreciation against the USD despite rising crude oil prices, which is a clear indication of FII interest in the Indian stock market. Leadership was in the hands of financial names, as the Nifty property index was the best performing index.

“The market is heading into the festive season on an exhilarating note and there is a strong likelihood that the Nifty and Sensex will hit new highs ahead of Diwali. The downside is protected near 200-DMA level 17,000,” Meena said.

The broader indices also showed overall strength ending the day on a strong note with BSE Midcap gaining 1.9% and BSE Smallcap rising 1.4%.

The Indian VIX, which indicates the degree of volatility expected by traders over the next 30 days, fell sharply by 5.66% from 19.82 to 18.7.

Ajit Mishra, Vice President – Research, Religare Broking Ltd., said: “Markets have completely swallowed up the recent decline with a decisive upside, but sustainability would be key for a further upside. While global signals are still mixed, upcoming national data such as core sector and auto sales figures will be on the radar for signals. We recommend maintaining a positive but cautious stance and suggest favoring outperforming sectors like banking, financials, autos, consumer staples and real estate for long positions.

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