Stock Market Holiday Alert: No Trading on Wednesday—Here's Why

The Indian stock markets, including Sensex and Nifty, will remain closed on Wednesday, November 20, 2024, due to the Maharashtra Assembly Elections. Here's everything you need to know about this trading holiday and the current market trends.

Why Is the Market Closed?

The National Stock Exchange (NSE) issued a notification on November 8, confirming the closure of the stock, currency, and commodity markets on November 20 for the 288-seat Maharashtra Assembly Elections. No trading will occur on platforms such as MCX and NCDEX during the usual market hours (9:00 AM to 5:00 PM).

Current Market Performance

• Sensex Declines for the Fourth Day:
  On Monday, the BSE Sensex dropped 241.30 points (0.31%), closing at 77,339.01 points.
• Nifty Slips Further:
  Nifty recorded its seventh consecutive day of decline, closing at 23,453.80 points, down 78.90 points (0.34%).

Key Losers in the Market

Major companies faced losses, including:

• Tata Consultancy Services
• Infosys
• NTPC
• HCL Technologies
• Axis Bank
• Reliance Industries

What’s Next?

With elections heating up in Maharashtra, all eyes are on the results and their potential impact on market trends. Investors should stay cautious and monitor domestic and international market cues when trading resumes on Thursday, November 21.

Stay tuned for further updates on market movements and political developments!