Indian stock markets will remain shut on Monday due to the Lok Sabha elections taking place in Mumbai.
This closure affects all market segments, including Stock Lending & Borrowing (SLB) and derivatives, as per the BSE trading holiday calendar.
Mumbai is participating in the fifth phase of the elections today, prompting the city to declare a public holiday to facilitate the voting process.
The Multi Commodity Exchange (MCX) will also observe a partial holiday, remaining closed during the morning session but reopening for the evening session.
In a special trading session held on Saturday, the stock market showed positive momentum.
The Sensex rose by 88 points, or 0.12%, to close at 74,005 points. Similarly, the Nifty gained 35 points, or 0.16%, to settle at 22,502 points.
Zydus, HAL, Bharti Electronic, Vedanta, IRFC, Nestle India, JIO Financial Serv., GAIL(India), JIO Financial Serv., Power Grid Corp, and Tata Power were the top gainers.
Among the laggards were JSW Steel, Bosch, Varun Beverages, Power Financial Corp, Mahindra & Mahindra, Merico, Info Edge (India), and Maruti Suzuki.
As a result, trading activities will resume on Tuesday.
Normal trading hours will resume on Tuesday from 9:00 AM to 3:30 PM.
Investors and market participants are advised to plan their trading activities accordingly, keeping in mind the scheduled holidays and the resumption of trading on Tuesday.
The upcoming trading holidays include 17 June for Bakra Eid, 17 July for Muharram, 15 August for Independence Day, 2 October for Gandhi Jayanti, 15 November for Guru Nanak Jayanti, and 25 December for Christmas.
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