Stock Market Holiday Next Week: The Indian stock market, including the BSE and NSE, will remain open for only four days because of the upcoming holiday on the occasion of Ganesh Chaturthi festival.
There will be a stock market holiday on Wednesday, Saturday and Sunday, ie August 27, 31, and 31.
With the upcoming stock market holiday next week, investors will be left with just four trading sessions on August 25, 26, 28 and 29. The Indian stock market is notified to stay closed on two public holidays in August. According to the BSE’s official website, Independence Day and Ganesh Chaturthi is a stock market holiday this month.
As investors prepare their trading strategy for the upcoming week, here are all the details about stock market holiday next week.
Is It A Stock Market Holiday On Ganesh Chaturthi?
Yes, the Indian stock market, including BSE and NSE remain shut on Ganesh Chaturthi. As the Maharashtra government has notified Ganesh Chaturthi as a mandatory holiday, Mumbai-headquartered BSE and NSE remain closed on the day every year.
The next week will also mark the conclusion of the month of August. There is unlikely to be any stock market holiday in the month of September other than Saturdays and Sundays. However, stock market will remain closed on 2, 21 and 22 October in observance of Gandhi Jayanti and celebration of Diwali. There will be Muhurrat trading on October 21.
Stock Market Recap
The Indian stock market ended with losses this week despite reaching to one-month high levels in the middle of the week. BSE Sensex lost around 381 points in the week and closed at 81,306 points, whereas Nifty 50 closed at 27,870 points with a loss of 93.65 points.
During the week, Nifty reclaimed its 25,000 mark but failed to retain the level. Whereas, Sensex surged to 82,000 mark, highest in August, but tumbled to end in red. “Nifty ended 0.85% lower at 24,070, snapping its six-day winning streak as investors turned cautious ahead of Federal Reserve Chair Jerome Powell’s policy remarks at the Jackson Hole symposium. Profit booking also weighed on markets, amid caution ahead of the approaching secondary tariff agreement deadline,” noted Siddhartha Khemka – Head Of Research, Wealth Management, Motilal Oswal Financial Services Ltd
The stock market will also be impacted by the recent speech by US Fed Chair Jerome Powell where he hinted of further rate cuts in the coming months. Traders will also remain cautious during the coming week amid US tariff uncertainty.
Summarising the stock market’s weekly performance, Jyoti Prakash, Managing Partner. Equity and PMS at AlphaaMoney, stated, “Rains and gains kind of sum up the week gone by. Nifty 50 saw a 6-session gain streak till Thursday only to fall on Friday and has recovered 2.2% from the lows of 8 Aug. India’s August flash composite PMI came at 65.2 vs. 61.1 MoM. This reading could be the highest ever if it remains at these levels in the final estimate, allaying growth concerns. India’s sovereign yield curve has seen a steepening bias.”
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