Is Share Market Closed On Nov. 27, Gurunanak Jayanti?

The Indian stock markets, including NSE and BSE, are taking a break on Monday, November 27, in honour of Gurunanak Jayanti — an important day of reverence for the country’s Sikh community. This means all trading activities – be it equity, derivatives, or SLB segments – are hitting the pause button for the day.

For those who dabble in commodities, the MCX will also join the hiatus during the morning but will spring back to action for the evening session from 5 pm to 11:30 pm. Meanwhile, NCDEX, the heavyweight in agricultural commodities, is opting for a complete day off, staying shut in both sessions.

In the world of stock trading, holidays are like rare gems. 2023 gifts traders with 15 market holidays, two more than the previous year. But four of these precious days off coincided with weekends – Mahashivratri, Id-Ul-Fitr (Ramzan Id), Muharram, and Diwali – all falling on either a Saturday or a Sunday when the market already catches its breath.

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How did markets perform on Friday, November 24?

The BSE Sensex and Nifty50 traded in the red due to selling pressure in IT and FMCG stocks. The Sensex traded at 65,940.27, down by 77.54 points or 0.12% lower on the day, while the broader Nifty traded at 19,790.55, lower by 11.45 points or 0.058%. At market close, the banking gauge Bank Nifty was up 0.43% or by 187.35 points, trading at 43,764.85.

Cipla, Divi’s Laboratories, Hindalco Industries, Adani Enterprises, and JSW Steel were the top gainers in the day’s trade, while HCL Technologies, Apollo Hospitals Enterprise, Wipro, UPL, and Nestle India were the top laggards.

Nifty ended the week flat, whereas Bank Nifty is roughly 0.5% higher on a week-on-week basis. Nifty PSU Bank and Nifty IT were the week’s worst-performing indices.

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Posted In: EquitiesMarketsStock market holidays