In an official announcement, the National Stock Exchange (NSE) of India has disclosed the scheduled market closures for November, including special trading sessions. These closures are set to accommodate two significant holidays: Diwali Balipratipada and Gurunanak Jayanti, falling on November 14 and 27, respectively. In addition to these observances, the NSE, in collaboration with the Bombay Stock Exchange (BSE), has scheduled a special muhurat trading session to mark the beginning of the new Samvat, which symbolizes financial prosperity. This special session will take place on Diwali, November 12, from 6 pm to 7.15 pm.
The special trading session will encompass various trading segments, including equity, commodity derivatives, currency derivatives, equity futures & options, and Securities Lending and Borrowing (SLB). This aligns with the NSE’s standard operating schedule, which typically spans from Monday to Friday, inclusive of specific pre-opening and post-closing sessions. Throughout November 2023, the Indian stock market will remain closed for a total of ten days, encompassing weekends and holidays such as Diwali, Gurunanak Jayanti, and Christmas on December 25.
Established in 1992 and operational since 1994, the NSE stands as the largest financial market in India in terms of trading volume and market capitalization. In 2022, it ranked third worldwide in terms of the number of trades conducted. Operating in tandem with the Bombay Stock Exchange (BSE), which was founded in 1875 and is recognized as Asia’s oldest stock exchange, both exchanges are subject to regulation by the Securities and Exchange Board of India (SEBI).
The NSE is home to more than 1,700 listed companies, including industry heavyweights like Reliance, TCS, HDFC Bank, Adani, and Infosys. Notably, the NSE utilizes the NEAT (National Exchange for Automated Trading) system to facilitate fair and transparent trading and introduced the Nifty 50 index as a benchmark for the Indian equity market. With an impressive 80% market share in India’s equity market segment, the NSE has garnered accolades, including the title of “Best Exchange in Technology Innovation.”
