On November 20, 2024, the Indian stock markets remained closed due to the Maharashtra Legislative Assembly elections. This decision, introduced by the Election Commission of India (EC), was made to ensure smooth balloting tactics and to maintain public order for the duration of the state elections. Voting for the election, which is being held for 288 seats, came about on this day, with a total of four,136 candidates vying for these positions.
Both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) suspended all buying and selling sports on November 20, 2024. As a result, there was no trading or settlement in shares, derivatives, and securities lending and borrowing (SLB) segments for the day. This brief halt in trading is consistent with the market vacations declared in the wake of kingdom elections, making sure that electoral processes are prioritized without the disruptions that can arise from ongoing stock marketplace operations.
The EC had previously introduced these election dates on October 15, 2024, and according to the professional agenda, the election for the 288 seats in Maharashtra was being carried out in an unmarried section. Vote counting is slated to take area on November 23, 2024.
For market individuals, the closure on November 20 marks the penultimate stock marketplace holiday for 2024. The final holiday for the year will arise on December 25, 2024, in observance of Christmas.
Stock Market Trading Hours
Indian stock markets typically function on weekdays, Monday to Friday, from nine:15 AM to 3:30 PM, with a pre-open consultation from nine:00 AM to 9:15 AM. The marketplace is closed on Saturdays and Sundays.
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