The Indian stock exchanges will be open for business on Monday, August 19, after the weekend. As per the BSE website, there are no holidays for the festival of Raksha Bandhan.

There are only four holidays left in this calendar year:

• Mahatma Gandhi’s Birthday (October 2)
• Diwali (November 1)
• Gurunanak Jayanti (November 15)
• Christmas (December 25).

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Markets On Friday: The Indian stock market closed higher on Friday. The Nifty 50 index surged 396 points to reach 24,540, while the BSE Sensex jumped 1,330 points, closing at 80,436.

Talking about the late-week rebound, Rajesh Bhosale, equity technical analyst, Angel One said, “The week began quietly, and with the absence of positive momentum early on, Nifty edged lower ahead of the mid-week holiday on Thursday. However, as the markets reopened on Friday, improved global sentiments led to a strong gap-up opening.

As the day progressed, it became an exceptional trading session for the bulls, erasing the sluggishness of the past few sessions and closing above 24500 with a gain of 1.65%, finishing the week with an overall gain of 0.71% compared to last Friday.”

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