Stock market will remain closed on May 20: NSE declared trading holiday on this day due to Lok Sabha elections in Mumbai.

Stock market will remain closed on May 20: NSE declared trading holiday on this day due to Lok Sabha elections in Mumbai.

The stock market will remain closed on May 20 (Monday) due to Lok Sabha elections. Stock exchange operators NSE and BSE have given this information today on April 8. NSE said that voting for the Lok Sabha elections is to be held in Mumbai on May 20. In such a situation, there will be no trading in the stock market on this day. This decision has been taken to ensure participation of citizens in the elections under Section 25 of the Negotiable Instruments Act 1881. The Election Commission had announced last month that Lok Sabha elections in Maharashtra will be held in five phases on April 19, April 26, May 7, May 13 and May 20. There will also be no trading in equity derivatives and securities lending. NSE said in the circular that there will be a trading holiday on Monday, May 20, 2024 due to parliamentary elections in Mumbai. According to the circular, there will be no trading in equity, equity derivatives and securities lending and borrowing segments on this day. Voting will be held on May 20 in Dhule, Dindori, Nashik, Bhiwandi, Kalyan, Thane, Mumbai North, Mumbai North West, Mumbai North East, Mumbai South, Mumbai South Central, Mumbai North Central and Palghar Lok Sabha seats. The date of counting of votes has been fixed as June 4, 2024. The stock market will also remain closed on 1st May on the occasion of Maharashtra Day. Apart from this, the stock market will also remain closed on 1st May on the occasion of Maharashtra Day. Before this, the market will also remain closed on the occasion of Ramzan Eid (11 April) and Ram Navami (17 April). On April 8, Sensex and Nifty made all-time highs, while on the first trading day of the week i.e. today, April 8, there was a rise in the stock market. Sensex made an all time high of 74,869 and Nifty made an all time high of 22,697. However, later it came down slightly and the Sensex closed at 74,742 with a gain of 494 points. At the same time, there was a rise of 152 points in Nifty, it closed at the level of 22,666. Out of 30 Sensex stocks, 21 saw a rise and 9 saw a fall. Apart from this, a decline of 6.21% was seen in the shares of Bandhan Bank. Actually, this pressure on the company’s shares came after the resignation of CEO Chandra Shekhar Ghosh.

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