Stock Market Holiday Tomorrow: Indian Stock Markets Closed on November 20 for Maharashtra Elections

Indian stock markets will be closed for trading on Wednesday, November 20, 2024, due to voting for the Maharashtra state elections. The elections will be held for 288 seats, with 4,136 candidates contesting. Vote counting will take place on November 23, 2024.

Trading Hours and Market Status

• Stock Market

Both the Stock Exchange NSE and the BSE will remain closed for all trading activities on Wednesday, including stocks, derivatives, and securities lending and borrowing.

• Commodity Market

The Multi Commodity Exchange (MCX) will be closed for the morning session (9 AM to 5 PM), but will open for evening trading from 5 PM to 11:55 PM (until 9 PM for some Agri Commodities). The National Commodity & Derivatives Exchange (NCDEX) will be closed.

• Contract Expiry

Any contracts expiring on November 20, 2024, will be settled a day earlier, on Tuesday, November 19, 2024.

Market Recap: November 18, 2024

• Benchmark Indices Performance
  • The BSE Sensex fell by 241.30 points, or 0.31%, closing at 77,339.01. It traded within a range of 76,965.06 to 77,886.97.
  • The NSE Nifty 50 dropped 78.90 points, or 0.34%, ending at 23,453, fluctuating between 23,350.40 and 23,606.80.
• Broader Market Trends:
  • The Nifty Smallcap100 index declined by 0.53%, while the Nifty Midcap100 index remained mostly unchanged.
• Sectoral Performance:
  • Nifty IT saw a significant drop of 2.32%, led by declines in stocks like Coforge, Persistent Systems, HCL Tech, Tech Mahindra, and LTTS.
  • Other sectors like Nifty Media, Pharma, CPSE, and Healthcare also ended lower, with losses up to 1.60%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.