The new year is almost upon us and that means we are well into the holiday season. Diwali, Christmas, New Year and winter vacations mean a lot of off time for everyone. Before you rejoice for the holidays left this year we are already here to double your joy for the next year. Just like in any other sector, the people working in the stock market have their set of holidays. It is also important for investors to be aware of the days when the market will be closed. In this article, we have a complete Indian stock market holidays 2023 list along with NSE holidays 2023 Mumbai so you plan better for the coming days.
Stock Exchanges in India
India has two stock exchanges BSE and NSE. BSE, the Bombay Stock Exchange is older than, NSE, the National Stock Exchange. BSE was founded way back in 1875 as opposed to NSE which was founded in 1992. While BSE is one of the world’s oldest stock exchanges, NSE is one of the world’s latest stock exchanges. Trading wise also BSE is just ahead of NSE in the world and it has also been a host to more stocks than NSE in their total lifespan.
Both these stock exchanges have a set of indices that further hold shares under them. You can buy shares, derivatives, currency, etc. using these exchanges. Both exchanges now support the Demat form of security holding as opposed to the certificate system prevalent earlier. Shares get listed on either exchange or can also get listed on both exchanges.
Both exchanges were operational even during COVID peaks and continue to run from Monday to Friday throughout the year barring the holidays that are about to be listed down. These dates may change every year depending on the dates of festivals that don’t have a fixed date but other than that the fixed holidays are also a part of this list.
Indian Stock Market Holidays 2023 List
India has festivals around the year so it is always the holiday season somewhere in some part of the country. However, not all holidays are meant for everyone, some are bank holidays, some are holidays for people of a particular region, some are holidays for people of a certain religion, and so on. Among these, there are a few days that are days off for the people who work in the stock exchange. Let us check out their holidays.
In the first month of every year, the 26th of January comes as the first holiday apart from Weekends. This holiday is given on the occasion of Republic Day and the market is off for the whole day. It is a Thursday so this is one of those countable holidays that are there in 2023.
Next up is Mahashivratri which keeps changing dates. In 2023 this holiday falls on February 18th and so the market will remain closed for the whole day. However, this holiday falls on a Saturday and so it is as good as a wasted one as weekends are any ways off.
In the third month, the number of holidays increases as there are two in this month. The first holiday comes on the occasion of Holi which is on the Wednesday of March 8th. The next one is for Ram Navami on the 30th of March which makes it a Thursday holiday.
The maximum number of holidays falls in the fourth month with four of them being there. The first one is on Tuesday of 4th April for Mahavir Jayanti. The next three holidays come on consecutive Fridays. April 7th, April 14th, and April 21st are all holidays on account of Good Friday, Dr. Baba Saheb Ambedkar Jayanti, and Id-ul-Fitr (Ramzan ID).
The month of May has only one holiday and it kicks off with that. On Monday, 1st May, the market will remain closed on the account of Maharashtra Day.
In June there is just one holiday on the occasion of Bakri Id or Eid ul-Adha which falls on Wednesday of 28th June.
One month and one day later after the last holiday, the market will remain closed on July 29th on the occasion of Muharram. However, the holiday falls on a Saturday and becomes another wasted holiday.
Even in August, there is just one holiday and that is on the occasion of Independence Day which falls on the 15th. It is a Tuesday and therefore it is an additional holiday.
On September 19th on the occasion of Ganesh Chaturthi, the market will be closed. This is the only holiday in September apart from weekends and it falls on a Tuesday.
After a long wait, we have another month with more than one holiday. In October the market has two days off. The first holiday is on Monday 2nd October and the second is on Tuesday 24th October for Mahatma Gandhi Jayanti and Dussehra respectively.
In the second to last month, there are three more holidays. The first one is on 12th November on the occasion of Diwali-Laxmi Puja. On this day the market remains closed at the normal time but opens in the evening for a special Mahurat session. Since it is a Sunday it is a mixed holiday because a holiday is falling on a weekend and yet there will be work to do for the employees.
The other two holidays are on Tuesday, November 14, and Monday, November 27 on the occasion of Diwali Balipratipada and Guru Nanak Jayanti.
The last holiday of the year comes in the last week of the last month. On the occasion of Christmas on Monday 25th December the market will remain closed. This completes our Indian stock market holidays 2023 list.
Also Read: List of Indian Stock Market Holidays 2022
BSE Holidays 2023
Every year there are at least 18 to 20 holidays in a year across the year that the people working in BSE get. In 2022, 5 of these holidays fell on a weekend leaving them with fewer holidays. However, in 2023 things are about to change as only three holidays fall on a weekend. Of those three holidays, one is on the occasion of Diwali – Laxmi Puja. On that day the market is closed for the normal morning session but there is a special evening session so basically only two holidays get wasted.
This means BSE holidays 2023 total up to 16 days. Other than this there are 104 Saturdays and Sundays that are anyways off. The holidays can change as per schedule changes. There might be additions or deductions in the number of holidays if need be. Also, the schedule of holidays for different markets is slightly different.
These are the holidays that equity markets remain closed on, however, for other markets you have fewer off days where the market is closed for both sessions. On some holidays the market only remains closed for either the morning session or the evening session. Let us now learn about NSE holidays 2023 Mumbai.
NSE Holidays 2023 Mumbai
With NSE the case is not much different. Both stock exchanges in India more or less share similar dates for holidays. This means that the same 120 days are off days for NSE as are for BSE. But again these are just the days on which the equity markets will remain closed, other markets will have their off days which might have some additions and deductions and they will have partial open days and full closed days as well.
NSE holidays 2023 Mumbai has a day off in the name of Maharashtra day and the other one is a special case on Diwali where the market will have a special evening session for equity traders known as the Mahurat Day trade. For now, the list of holidays mentioned above is more or less solid and in case there is a change then the traders will be notified timely. Now you know all about NSE holidays 2023 Mumbai.
Trading Holidays 2023
Trading holidays 2023 so far only total up to 19 days of which 16 are on weekdays and the remaining three falls on weekends. This is what the equity calendar reads but the situation is a little different with the other segments. They have only a partial day off on most of these days and will operate for one session at least. So the Indian stock market holidays 2023 for segments apart from Equity fall on.
On January 26th, Thursday, due to Republic Day the market will remain off for the whole day which makes it the first and very rare day when the market will be closed for the whole day.
On Saturday, February 18th, on the occasion of Mahashivratri the market will be closed only for the morning session for segments apart from equity.
In March the market will remain closed for the morning session on Wednesday, March 8th, and Thursday, March 30th on account of Holi and Ram Navami.
In April the market will remain closed on Tuesday of 4th April for Mahavir Jayanti, April 7th, April 14th, and April 21st all of which fall on Friday on account of Good Friday, Dr. Baba Saheb Ambedkar Jayanti, and Id-ul-Fitr (Ramzan ID). Of this, only on the 7th, the market will be closed for the whole day on the other days it will be closed only for the morning session.
On Monday, 1st May, the market will remain closed the whole day on the account of Maharashtra Day.
In June on the occasion of Bakri Id / Eid ul-Adha which falls on Wednesday of 28th June, the market will remain closed only for the morning session.
On July 29th on the occasion of Muharram, the market will again be closed only for the morning session and will open for the evening session for various segments apart from equity.
On the occasion of Independence Day which falls on the 15th, the market just like May will have one holiday which will be a complete day off and no sessions will take place.
On September 19th on the occasion of Ganesh Chaturthi, the market will be closed only for the morning session with the evening session taking place as usual.
Also Read: 10 Best Stocks to Buy for Long Term in India
In October the market has two days off. The first holiday is on Monday 2nd October when the market will remain closed for the whole day and the second is on Tuesday 24th October when the market will be closed only for the morning session. These holidays are for Mahatma Gandhi Jayanti and Dussehra respectively.
On 12th November on the occasion of Diwali-Laxmi Puja, the market will remain closed for the morning session and have a special evening, Mahurat trading session. The other two holidays are on Tuesday, November 14, and Monday, November 27 on the occasion of Diwali Balipratipada and Guru Nanak Jayanti, on both days the market will only be closed for the morning session.
On the occasion of Christmas on Monday 25th December the last holiday of the year and the only holiday of December will take place and the market will remain closed for the whole day.
Now you know all the Indian stock market holidays 2023 and NSE holidays 2023 Mumbai. We all need a break sometimes and with the help of this list, we hope you can plan your holidays well in advance and maybe squeeze in a small trip or a picnic with your friends and family.
Source Reference : https://moneymint.com/indian-stock-market-holidays-2023/