NSE and BSE will be shut on March 7 for Holi
Published On: Tuesday, March 7, 2023 | By: Team KnowMyStock
On account of the Holi Festival, officially, Both the exchanges NSE and BSE will be shut on March 7. There was uncertainty about the holiday as to how India marks the festival, with some parts of the country celebrating it on March 7, while the rest do it on March 8. Recently, Anmi (Association of National Exchanges Members of India), a leading stock brokers association, has requested the government, Sebi, and exchanges to change the holiday date to March 8.
In its letter to the finance ministry, Sebi, stock exchanges and depositories, Anmi said that Holi festival is falling on March 8 as opposed to the exchange trading holiday declared on March 7.
For central government employees, March 8 has been declared as a public holiday applicable for central administrative offices located in Delhi/ New Delhi. Banks are also closed on the same day.
Commodity Participants Association of India (CPAI) has made a similar request to the exchanges. It has asked exchanges to either shift the trading holiday from March 7 to March 8 or declare both days as trading holidays.
As market holiday falling on March 7 and some parts of India celebrating it on the next day, there were doubts about whether the markets would see a volume dip. But the market experts ruled out such a scenario.
Tags: Indian equity markets NSE BSE
We are on Telegram!
JOIN our telegram channel to receive updates on Financial News and Stock and FNO Tips.
Click Here!
Follow Us On:
