Last Updated: November 27, 2023, 08:45 IST
Stock Market Holiday: The Indian stock market will remain closed today, November 27, on account of Guru Nanak Jayanti. Trading in the equity derivative segment, equity segment, SLB segment, and currency derivatives segment, as well as the interest rate derivatives segment, will remain suspended throughout the day. The Multi Commodity of India Limited (MCX) is also closed for morning trading on November 27, but will remain open for the evening session from 5:00 pm. Trade settlements will also be closed on Monday.
The settlement holiday means that the commodity account balance of investors’ on November 24 will not include the credits from profits on trades or positions in commodity derivatives and credits from exiting option positions.
The funds withdrawn on November 24 will be processed on November 28 and investors’ will receive the funds on November 29.
Similarly, profits and credits received from trades or exiting positions in the derivatives segment (F&O and CDS) on November 24 will be available for withdrawal on November 28.
Trading on both stock exchanges, NSE and BSE, is set to resume on Tuesday, November 28.
The stock market has remained closed for 13 weekdays, excluding November 27, due to various festivals and designated holidays in 2023 thus far. In December, the only day without trading in the stock markets is December 25, Christmas.
On Friday, November 24, the indices concluded on a flat note. Tech stocks continued to exert downward pressure, resulting in the Nifty falling below the 19,800 mark. The Sensex recorded a decline of 48 points, closing at 65,970. However, the broader market exhibited resilience, outperforming the major indices.
The Sensex and Nifty ended marginally higher for the week. The Midcap Index extended its upward trajectory for the fourth consecutive week, registering a 0.6 percent gain, while the Nifty Bank recorded a 0.5 percent increase. In terms of sectors, realty, metal, and pharma emerged as the top gainers, while PSU banks and IT faced the most significant declines.
