Is Share Market Closed On June 29, Eid Al-Adha?

The BSE and NSE have shifted their market holiday from June 28 to June 29. This announcement, made on June 27, aligns with the Maharastra Government’s decision to observe June 29, 2023, as a public holiday.

The Rescheduling: The original plan to observe a market holiday on June 28, for Eid Al-Adha, has been altered. The holiday will now be marked on June 29.

As a result, all transactions involving government securities, foreign exchange, money markets and rupee interest rate derivatives will be paused on June 29, 2023. Any transactions that were originally planned for June 29, 2023, will now be shifted to the following working day, June 30, 2023.

In the commodity market, trading will be limited to the evening session, beginning from 5:00 pm on June 29.

The next market holiday is scheduled for August 15, in observance of Independence Day.

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Market on June 28: The Indian markets charted history today as benchmark indices Nifty 50 and Sensex hit record highs. Sensex crossed the 64,000 mark, while NIfty 50 crossed the 19,000 mark for the first time. The Nifty 50 surged up 1.50% to close at 18,972.10, while the Sensex galloped 945 points to end the day at 63,915.42.

Talking about the momentous surge Dhiraj Relli, MD & CEO, HDFC Securities said, “Nifty made a new all-time high on June 28, triggered by buying from institutions and retail/HNI segments. Improving US economic data and hints from China about fresh stimulus measures have helped improve sentiments.”

Exciting developments from the day included GQG Partners making another significant investment in Adani Group stocks. The news cheered investors as nine of the ten listed Group stocks ended the day in the green.

Heavyweights Tata Motors and Titan also had a great day at the bourses, with both the stock surging over 2% to hit new 52-week highs.

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