Stock market holiday on November 20: NSE, BSE to remain closed for trading due to Maharashtra elections

A stock market holiday will be observed on November 20 (Wednesday) due to Maharashtra Assembly elections 2024. On that day, the National Stock Exchange (NSE) and the BSE (formerly Bombay Stock Exchange) will remain closed for trading.

In a circular dated November 8, the NSE notified that "Wednesday, November 20, 2024, is a trading holiday on account of Assembly elections in Maharashtra".

This will mark the third stock market holiday in November 2024, following Diwali on November 1 and the upcoming Guru Nanak Jayanti on November 15.

NSE, BSE holiday calendar

• November 15 (Friday): Prakash Gurpurb Sri Guru Nanak Dev
• November 20 (Wednesday): Maharashtra elections
• December 25 (Wednesday): Christmas

Meanwhile, stock markets closed in the red for the second straight day on Friday amid a foreign fund exodus and losses in stocks like Reliance Industries, ICICI Bank, and State Bank of India.

Benchmark BSE Sensex closed 55.47 points lower to settle at 79,486.32. The NSE NIFTY declined 0.21% down to 24,148.20.

Trent, Coal India, Asian Paints, Tata Steel, and State Bank of India were the biggest laggards in the 50-share NIFTY pack.

Mahindra & Mahindra, The Titan Company, Tech Mahindra, Nestle and Infosys were among the gainers.

Sectorally, NIFTY Realty declined the most, followed by NIFTY Media, NIFTY PSU Bank, NIFTY Oil and Gas and NIFTY Metal. NIFTY IT was up 0.71%.

According to exchange data, foreign institutional investors, or FIIs, sold equities valued at ₹4,888.77 crore on Thursday.

In Asian markets, Shanghai, Hong Kong, and Seoul settled lower, while Tokyo ended in positive territory. European markets were trading in negative territory. Wall Street closed mostly higher on Thursday.

Global oil benchmark Brent crude slumped 1.28% to $74.66 a barrel.