Many of us make the mistake of venturing into the stock market without an idea of how it works. A lot of novice investors in India are also unaware of the holidays that affect the stock market. If you are a stock market investor starting out in the Indian stock market, it is important to know about the stock market holidays of 2023. Many stock market investors trade on a day-to-day basis. This means, to be successful in your stock market investment, you should focus on the daily market developments.
Knowing stock market holidays is important to maximise gains because trading is not available during those days. Many novice investors are not aware of the holidays that affect the stock market, so it's crucial to know the stock market holiday calendar before trading stocks. Trading on specific days can affect a trader's profitability, and it's important to have a clear understanding of the trading holidays in the Indian stock market.
India's stock market is open for business between 9.15 am and 3.30 pm on weekdays. There will be no stock market equity trading on weekends and stock market holidays. Most market investors in India trade on the NSE (National Stock Exchange) and the BSE (Bombay Stock Exchange).
The stock market holiday list for BSE and NSE are the important ones to look out for. You should also carefully track the Commodity Exchanges' holiday list. The different exchanges will have a holiday list according to which they operate. There will be no trading on the equity segment, SLB segment, and equity derivative segment during these holidays. Also, there can be some modifications in the holiday list if some unavoidable event happens. So, be careful to look into the trading holiday calendar before you decide to trade stocks.
NSE is the largest stock exchange in India, with over $3.4 trillion in market capitalisation. NSE opens from 9.15 am to 3.30 pm on weekdays. Sundays and Saturdays are trading holidays for NSE. The holiday list of NSE includes specific cultural and national holidays.
The trading holidays in NSE for SLB, equity derivative, and equity segment include the following:
The date of Muhurat Trading in NSE falls on Diwali and is considered to be auspicious for trading. You can trade for one hour on this day. In 2023, Muhurat Trading in NSE falls on 12th November. The timings will be notified subsequently.
BSE is the oldest stock exchange in Asia, with a listing of over 6000 companies. BSE plays a crucial part in managing and regulating India's financial market, diverting idle funds into the nation's economic expansion. For 2023, BSE has published a separate holiday list. Clearing and trading holidays are also indicated separately in the list. There will be no transactions on trading holidays in the BSE. Whereas on clearing holidays, BSE allows the sale and purchase of securities. But there will be no financial transfers between investors and companies as banks will be closed.
The trading holidays in BSE for SLB, equity derivative, and equity segment include the following:
The date of Muhurat Trading in BSE falls on Diwali - Laxmi Pujan and is believed to bring prosperity. In 2023, Muhurat Trading in BSE falls on 12th November. The timings will be notified subsequently.
When there is a share market holiday, there can be an impact on share market activity. This is called the weekend or holiday effect. There will be a marked increase in trading activities, and the returns will be higher the day before the holiday.
Trading holidays can be a boon for beginner and seasoned investors. You can use these holidays to relearn the trading and share market basics. You can also prepare yourselves for the next trading day. If you are interested in expanding your investment portfolio, Fi can help you. You can invest in leading US firms through Fi at the best exchange rates in the industry. You can own stock in companies like Apple, Microsoft, and Tesla. Fi has a user-friendly interface making it easy to understand US Stocks. In addition to in-app explainers, Curated Collections (like All-Time Favourites) can be used by inexperienced investors to guide their decisions. Experienced investors can explore further, apply numerous filters (such as Stock Price), and choose from a large selection of overseas possibilities. Additionally, Fi allows you to instantly purchase US Stocks with no brokerage fees.
The stock exchanges operate from 9.15 am to 3.30 pm on weekdays in India.
No NSE and BSE are closed on Saturday.
There can be an increase in trading activities the day after a holiday like Christmas. The returns are better on the day before Christmas.
On trading holidays, no trading occurs as the market is closed. On clearing holidays, the market is open and trading takes place, but there will be no settlement.