Trading across the Indian stock market will remain operational as usual on March 8, 2023, after both the NSE and BSE marked March 7 as a holiday on account of Holi celebrations across the country.
What Happened? Holi is observed as a national holiday and all the banks and stock markets remain shut on account of the celebrations. However, certain parts of India will celebrate the "festival of colours" on March 8, while some sections began festivities on March 7.
As of last week, a host of trading bodies wrote to SEBI and other government parties requesting a change of holiday to March 8, but to little avail. These trading bodies include the leading stock brokers association – Anmi (Association of National Exchanges Members of India) and the Commodity Participants Association of India (CPAI).
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BSE's official website also confirms that the currency derivatives segment, NDS-RST, Tri-Party Repo, Commodity Derivatives Segment and Electronic Gold Receipts (EGR) segment will also remain open on March 8 after being closed on March 7.
After Holi 2023, the next stock market holiday will fall on March 30, 2023, for Ram Navami celebrations. The first stock market holiday was on January 26 for Republic Day celebrations while April is expected to see as many as three holidays throughout the month. In total, there are 15 stock market holidays in 2023.
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