The National Stock Exchange (NSE) of India has announced weekday closures of the Indian equity markets for Diwali Balipratipada and Gurunanak Jayanti on November 14 and 27. Alongside these holidays, the NSE, in conjunction with the Bombay Stock Exchange (BSE), will conduct a special muhurat trading session marking the onset of the new Samvat. This session, signifying financial prosperity, will take place on Diwali, November 12, from 6 pm to 7.15 pm.
The special session will cover various trading segments including equity, commodity derivatives, currency derivatives, equity futures & options, and SLB. This comes as part of the NSE's operations which typically run from Monday to Friday with specific pre-opening and post-closing sessions. In November 2023 alone, the stock market will be closed for ten days due to weekends and holidays like Diwali, Gurunanak Jayanti, and Christmas on December 25.
Founded in 1992 and operational since 1994, the NSE is the largest financial market in India by trading volume and market capitalisation. It ranked third worldwide by number of trades in 2022. The NSE operates alongside the BSE, established in 1875 and known as Asia's oldest stock exchange. Both exchanges are regulated by the Securities and Exchange Board of India (SEBI).
The NSE hosts over 1,700 listed companies including major players like Reliance, TCS, HDFC Bank, Adani, and Infosys (NS:INFY). It uses the NEAT system for fair and transparent trading and introduced the Nifty 50 index as a benchmark for the Indian equity market. With an 80% market share in India's equity market segment, it has won awards such as the "Best Exchange in Technology Innovation".
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