Maharashtra meeting elections are going down in a single section right this moment.
The Nationwide Inventory Alternate (NSE) and BSE will stay closed right this moment, as a result of Maharashtra Meeting elections. Buying and selling throughout all segments, together with fairness, fairness derivatives and the securities lending and borrowing (SLB) section, will likely be suspended for the day as voters head to the polls.
The inventory market closure right this moment comes on the heels of an extended weekend. The markets remained shut on Friday, November 15, for Guru Nanak Jayanti, adopted by the common weekend closures on November 16 and 17. Consequently, November 20 marks an additional break for traders.
Remaining market holidays in 2024
In 2024, the inventory market will stay closed on Christmas Day, December 25. November noticed a complete of three further holidays past the common weekends. The markets remained closed for 12 days this month.
Inventory market efficiency on November 19
On November 19, fairness markets confirmed blended efficiency. The NSE Nifty 50 index snapped a seven-day dropping streak, closing 64.70 factors, or 0.28 per cent, increased at 23,518.50. The BSE Sensex additionally noticed a rebound, reversing a four-day loss with a 239.38-point, or 0.31%, achieve, ending the day at 77,578.38. Nonetheless market sentiment remained cautious as a consequence of rising issues over the geopolitical tensions between Ukraine and Russia. Reviews of Ukraine’s missile strikes deep inside Russia, doubtlessly escalating to a nuclear response, weighed on investor sentiment.
What about banks in Maharashtra?
On November 20, banks in Maharashtra will even stay closed, as a result of Maharashtra meeting elections. Digital banking companies like ATMs, UPI programs and on-line banking will proceed to operate.
Maharashtra meeting elections
The Maharashtra meeting elections are going down in a single section on November 20, throughout all 288 meeting seats. Polling started at 7 am and can proceed till 6 pm.
Within the battle of two alliances, the Maha Vikas Aghadi (MVA) of the Shiv Sena (Uddhav Thackeray faction), Nationalist Congress Occasion (NCP) underneath Sharad Pawar, and Congress is up in opposition to the Mahayuti Alliance of the Bharatiya Janata Occasion (BJP), Shiv Sena (Eknath Shinde faction) and NCP underneath Ajit Pawar. The outcomes will likely be declared on November 23.
On November 20, Mumbai and different cities in Maharashtra are additionally observing a dry day, which means the sale of alcohol is prohibited throughout voting hours.