Exchanges will remain closed on Monday as there will be a stock market holiday for both equity and derivative markets on the occasion of the inauguration of Ram Mandir. The exchanges late Friday declared a holiday under the Negotiable Instrument Act. Similarly, commodity markets will remain shut for the first half and will open in the second half, starting 5 pm on January 22.Kolkata Stocks
Due to a sudden holiday declaration, the expiries of Midcap Nifty and BSE Bankex have been shifted to January 20, which was a normal working day for trading despite being a Saturday.
Since January 22 is also a settlement holiday, the commodity account balance of investors on that particular date will not include the credits from profits (realized and marked to market) from trades or positions in the commodity derivatives on January 19.
The balance will also not include credits from exiting option positions on January 19, according to broker Zerodha.
With the latest unplanned holiday, equity markets will have a total of 15 days off in 2024, similar to that of 2023.
In 2024, the markets will be shut for Republic Day (January 26), Mahashivaratri (March 8), Holi (March 25), Good Friday (March 2029), Ramzan Id (April 11), Ram Navami (April 17), Maharashtra Day (May 1), Bakri Id (June 17), Muharram (July 17), Independence Day (August 15), Mahatma Gandhi (October 2), Diwali (November 1), Gurunanak Jayanti (November 15) and Christmas (December 25).
The exchanges may alter any of the above holidays, for which a separate circular will be issued in advance.
Equity indices ended lower in a trading session on Saturday, dragged by IT companies and HUL, but gains in lenders helped limit some losses.
Going forward, quarterly earnings will be in focus as some major companies including Axis Bank, Bajaj Auto, Tata Steel, Tech Mahindra among others will declare their results.
The market will also react to domestic and global events, FII/DII investment patterns, the movement of the rupee against the dollar, crude oil prices, upcoming budget would be in focus.
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