Maharashtra meeting elections are going down in a single section at present.
The Nationwide Inventory Change (NSE) and BSE will stay closed at present, because of the Maharashtra Meeting elections. Buying and selling throughout all segments, together with fairness, fairness derivatives and the securities lending and borrowing (SLB) section, will probably be suspended for the day as voters head to the polls.
The inventory market closure at present comes on the heels of an extended weekend. The markets remained shut on Friday, November 15, for Guru Nanak Jayanti, adopted by the common weekend closures on November 16 and 17. Consequently, November 20 marks an additional break for buyers.
Remaining market holidays in 2024
In 2024, the inventory market will stay closed on Christmas Day, December 25. November noticed a complete of three further holidays past the common weekends. The markets remained closed for 12 days this month.
Inventory market efficiency on November 19
On November 19, fairness markets confirmed combined efficiency. The NSE Nifty 50 index snapped a seven-day shedding streak, closing 64.70 factors, or 0.28 per cent, larger at 23,518.50. The BSE Sensex additionally noticed a rebound, reversing a four-day loss with a 239.38-point, or 0.31%, achieve, ending the day at 77,578.38. Nonetheless market sentiment remained cautious resulting from rising considerations over the geopolitical tensions between Ukraine and Russia. Studies of Ukraine’s missile strikes deep inside Russia, doubtlessly escalating to a nuclear response, weighed on investor sentiment.
What about banks in Maharashtra?
On November 20, banks in Maharashtra will even stay closed, because of the Maharashtra meeting elections. Digital banking companies like ATMs, UPI methods and on-line banking will proceed to perform.
Maharashtra meeting elections
The Maharashtra meeting elections are going down in a single section on November 20, throughout all 288 meeting seats. Polling started at 7 am and can proceed till 6 pm.
Within the battle of two alliances, the Maha Vikas Aghadi (MVA) of the Shiv Sena (Uddhav Thackeray faction), Nationalist Congress Occasion (NCP) beneath Sharad Pawar, and Congress is up towards the Mahayuti Alliance of the Bharatiya Janata Occasion (BJP), Shiv Sena (Eknath Shinde faction) and NCP beneath Ajit Pawar. The outcomes will probably be declared on November 23.
On November 20, Mumbai and different cities in Maharashtra are additionally observing a dry day, that means the sale of alcohol is prohibited throughout voting hours.
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