Stock market holiday: BSE, NSE to remain closed today for Mahatma Gandhi Jayanti

Today, on the occasion of Gandhi Jayanti, the Indian stock market will remain closed, providing traders and investors a well-deserved break. Let's take a look at the upcoming stock market holidays in 2023 and also recap the recent performance of the Sensex and Nifty 50 indices.

Stock Market Holidays in 2023

Know the list of stock market holidays in 2023

As per the list of stock market holidays in October 2023, after Mahatma Gandhi Jayanti, the next market holiday in this month falls on October 24, Tuesday, for Dussehra. In October 2023, there will be only one stock market holiday after Mahatma Gandhi Jayanti.

However, in the remaining 2023, there are four more stock market holidays and those stock market holidays are Dussehra (October 24, 2023), Diwali Balipratipada (November 14, 2023), Gurunanak Jayanti (November 27, 2023), and Christmas (December 25, 2023).

Sensex and Nifty 50 Performance

Recap the recent performance of Sensex and Nifty 50 indices

The Indian stock market indices Sensex and the Nifty 50 ended with decent gains on Friday (September 29), following positive global cues, as investors shifted focus to the Reserve Bank of India’s (RBI) monetary policy meeting this week and the upcoming quarterly earnings.

The Sensex closed 320.09 points, or 0.49%, higher at 65,828.41, while the Nifty 50 gained 114.75 points, or 0.59%, to end at 19,638.30.

For the month of September, Nifty 50 ended the month with a gain of 2% while the Sensex rose 1.5%. The BSE Smallcap index also rose about a percent, while the BSE Midcap index jumped 3.7% in September.

Meanwhile, the foreign portfolio investors (FPIs) emerged as net sellers in September on D-Street amid record-high US bond yields and a stronger US dollar. 

FPIs have sold 14,768 crore worth of Indian equities and offloaded a total of 13,810 crore as of September 29, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data.

Conclusion

In conclusion, the Indian stock market will remain closed today, October 2, on account of Gandhi Jayanti. It is important for traders and investors to be aware of stock market holidays in 2023 to plan their trading activities accordingly. Additionally, the recent performance of the Sensex and Nifty 50 indices has been positive, with gains in September despite foreign portfolio investors being net sellers.

FQA :

What are the upcoming stock market holidays in 2023?

After Mahatma Gandhi Jayanti, the next market holiday in October 2023 falls on October 24 for Dussehra. There are four more stock market holidays in 2023, including Diwali Balipratipada, Gurunanak Jayanti, and Christmas.

How did the Sensex and Nifty 50 perform recently?

On September 29, the Sensex closed 320.09 points higher, while the Nifty 50 gained 114.75 points. In September, Nifty 50 ended the month with a 2% gain, and the Sensex rose 1.5%. The BSE Smallcap index and BSE Midcap index also saw positive performance.

Why were foreign portfolio investors net sellers in September?

Foreign portfolio investors (FPIs) sold a significant amount of Indian equities in September due to record-high US bond yields and a stronger US dollar.

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