Stock market observes a holiday: NSE, BSE closed for Good Friday.

Stock market holiday: NSE and BSE

Stock market due to the observance of Good Friday on March 29, 2024, both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India will be closed for trading today. Consequently, the Indian stock market will not be operational during this session and will resume its regular trading hours on the following Monday. Therefore, there will be no trading activities at BSE and NSE today. In accordance with the stock market holiday schedule for March 2024, both exchanges will observe a holiday on March 29, 2024, in celebration of Good Friday.

As outlined in the comprehensive list of stock market holidays for 2024, accessible on the Bombay Stock Exchange’s official site (bseindia.com), today will observe a pause in trading activities. This includes the Equity Segment, Equity Derivative Segment, and SLB Segment. Furthermore, transactions within the Currency Derivatives Segments at the Indian stock market will also be halted today in observance of the Good Friday 2024 festival.

Is Commodity market open today?

Trading in both the Commodity Derivatives Segment and the Electronic Gold Receipts (EGR) Segment will be halted for all sessions. Consequently, no transactions will occur at either the Multi Commodity Exchange (MCX) or the National Commodity Exchange (NCDEX).

March 2024 Stock Market Holidays

According to the 2024 stock market holiday schedule, March features three trading holidays: Mahashivratri on the 8th, Holi on the 25th, and Good Friday on the 29th. Today marks March’s final trading holiday for the year. Looking ahead, the stock market will observe its next holiday on April 11th, 2024, in celebration of Eid-Ul-Fitr or Ramadan Eid. Additionally, April will see another holiday on the 17th for Ram Navami, totaling two trading holidays for the month.

Strategies for Timing the Stock Market

On a normal trade session, the Indian stock market opens at 9:15 AM and trading activities at NSE and BSE continue till 3:30 PM. Pre-open session starts at morning 9:00 AM and ends after 15 minutes at 9:15 AM.

Trading in the commodity segment at both MCX and NCDEX kicks off at 9:00 AM, spanning two distinct sessions — morning and evening. The morning session of the commodity market starts at 9:00 AM and wraps up by 5:00 PM. Following a brief interlude, the evening session commences at 5:00 PM and concludes at 11:30 PM or 11:55 PM, based on regulations set forth by market authorities. As of now, the evening session concludes at 11:30 PM.

The commodity market in India is regulated by two major exchanges – Multi Commodity Exchange (MCX) and National Commodity & Derivatives Exchange Limited (NCDEX). These exchanges facilitate trading of commodities such as gold, silver, crude oil, natural gas, agricultural products, and more.

Trading on these exchanges takes place through online platforms or terminals provided by brokers. The process of trading involves buying and selling of futures contracts for the respective commodities. A futures contract is an agreement to buy/sell a particular commodity at a predetermined price and date in the future.
The timing of the commodity market sessions is set to align with global markets to ensure efficient trading and price discovery. This allows traders to take advantage of international trends and news that may affect commodity prices.
Trading in commodities is a popular option for investors and speculators looking to diversify their portfolios and hedge against inflation. Commodities tend to have low correlation with traditional assets such as stocks and bonds, making them a valuable addition to a well-rounded investment strategy.
However, it’s important to note that trading in commodities carries its own set of risks. Prices can be volatile due to factors such as global supply and demand, weather conditions, government policies, and geopolitical events. It’s crucial for traders to carefully research and analyze these factors before making any trading decisions.

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