Stock market holiday today: Why are BSE Sensex, Nifty50 closed for trading on October 2, 2024? – Times of India

Stock market holiday today: On October 2, stock markets in India will remain closed in observance of Gandhi Jayanti. This closure affects all segments, including equity such as BSE Sensex, Nifty50, derivative, and SLB. Additionally, the multi-commodity exchange will not operate during both morning and evening sessions.
Throughout the calendar year, there are 16 scheduled holidays for stock markets, which is one more compared to the previous year.In addition to the Indian markets, the Chinese stock markets will be closed for an extended period from October 01 to October 7 as the country celebrates China National Day. Hong Kong’s market will also be closed on October 1.
The next trading holiday in India will be on Friday, November 1, due to Diwali Laxmi Pujan. However, the exchanges will conduct a special trading session, known as the Muhurat trading session, on November 1 to celebrate the auspicious occasion of Diwali. This session will mark the beginning of Samvat 2081, a new Hindu Calendar year.
Also Read | Gandhi Jayanti: Are banks in India closed on October 2, 2024? Check bank holidays list
The benchmark indices, BSE Sensex and Nifty50, experienced a slight decline on Tuesday, marking the third consecutive day of losses amidst profit-taking in the oil & gas sector and select FMCG shares. The BSE Sensex closed at 84,266.29, down by 33.49 points or 0.04 per cent, after fluctuating between a high of 84,648.40 and a low of 84,098.94 during the trading session.
Similarly, the NSE Nifty ended the day marginally lower, shedding 13.95 points or 0.05 per cent to settle at 25,796.90. Analysts attributed the lackluster performance of the markets to subdued global market trends and substantial foreign fund outflows, which dampened investor sentiment.
Since Friday, following China’s announcement of stimulus measures to bolster its economy, the Sensex has lost nearly 1,570 points or approximately 2 per cent, while the Nifty has fallen by 419 points or 1.6 per cent.