NSE and BSE to Stay Shut on September 14 for Ganesh Chaturthi
Indian stock exchanges will remain closed on Monday, September 14. Both the NSE and the BSE have marked the day as a trading holiday for Ganesh Chaturthi. As a result, traders will not be able to place orders on Monday. Trading will resume on Tuesday, September 15.
The holiday covers several segments. Equity trading will stay shut. Equity derivatives will also remain closed. In addition, currency derivatives will not trade. The NDS-RST and Tri-Party Repo segments will stay shut as well.
The break comes after a weak week for Indian markets. On a weekly basis, the BSE Sensex fell 1,733.67 points, or 2.26 percent. Meanwhile, the Nifty dropped 499.6 points, or 2 percent.
Friday also ended lower. Higher crude oil prices weighed on sentiment. Profit-taking added more pressure. Cautious investors kept buying limited.
Brent crude rose to a four-month high of USD 108 a barrel during the session. Later, it eased and closed at USD 104.38 a barrel. Still, the spike raised inflation concerns.
At the close on Friday, the Sensex stood at 74,781.76 points. It declined 120.83 points, or 0.16 percent. The Nifty 50 ended at 23,398.10 points. It slipped 79.70 points, or 0.34 percent.
Indian stocks recovered from a weak opening. Selective buying in a few heavyweights supported that rebound. Even so, both benchmarks finished slightly lower. Bank Nifty, however, closed modestly higher. That pattern showed a narrow recovery.
Analysts also noted mild selling during the day. The market stayed range-bound. Investors watched global cues and domestic news. Despite the decline, some experts said the broader structure still looks stable if key support levels hold.
Markets will reopen on Tuesday after the one-day holiday.