The Indian stock market will remain shut on Tuesday (November 14) on account of Diwali Balipratipada. According to the list of stock market holidays in 2023, available on the exchanges, the market will remain closed today.
Accordingly, all the segments including, the equity segment, derivative segment, and SLB segment will be closed.
The multi-commodity exchange will also be closed for the first half but will remain open for the evening session from 5:00 pm. Trade settlements will also be closed on Tuesday.
The settlement holiday means that the commodity account balance of investors on November 14 will not include the credits from profits on trades or positions in commodity derivatives on November 13 and credits from exiting option positions on November 13.
The funds withdrawn on November 14 will be processed on November 15 and investors will receive the funds on November 16.
Similarly, profits and credits received from trades or exiting positions in the derivatives segment (F&O and CDS) on November 13 will be available for withdrawal on November 15.
In the entire calendar year, equity markets have 15 annual holidays in 2023, two more than last year.
Today marks the first holiday for markets in November and there is going to be one more on 27th of this month on account of Gurunanak Jayanti. In the upcoming month of December, the market will remain closed on the 25th for Christmas.
In a special one-hour Muhurat trading session on Sunday (November 12), which marked the beginning of Samvat 2080, both the Indian benchmark indices gained in trade. The Nifty 50 closed 100 points, or 0.52%, higher at 19,525.55, while the Sensex ended at 65,259.45, up 355 points, or 0.55%.
