Stock Market Holiday: Is NSE, BSE Trading Open Today on Diwali Balipratipada?
Are Stock Markets Closed Today? Check NSE, BSE Trading Status on Diwali Balipratipada
Photo : PTI
New Delhi: Indian equity markets, including the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), will remain closed today, Wednesday, October 22, for Diwali Balipratipada. This festival, which celebrates prosperity and renewal, follows the symbolic Muhurat trading session that marked the beginning of Samvat 2082.
Muhurat Trading Session Performance
The Muhurat trading session, held on Tuesday, October 21, between 1:45 PM and 2:45 PM IST, is a traditional event that signifies auspicious beginnings for investors. During this session, the Sensex saw an initial surge, climbing over 270 points, while the Nifty briefly surpassed the 25,900 mark. However, profit-taking led to a flat close for both indices, indicating a cautious sentiment among traders.
Significance of Diwali Balipratipada
Diwali Balipratipada, also known as Govardhan Puja or Padwa, is celebrated to honour King Bali, a figure revered for his devotion and righteousness. According to legend, Lord Vishnu granted King Bali permission to visit his kingdom once a year, a day marked as Balipratipada. This festival represents the triumph of good governance and humility, making it a significant occasion for traders and investors.
Market analysts express optimism regarding the upcoming financial year, anticipating a profit-led revival after a period of consolidation. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted, “The market’s underperformance last year was primarily due to a slowdown in earnings growth. However, expectations of an earnings recovery in FY26 and FY27 could lead to a strong market rally.”
Resumption of Trading
Normal trading activities will resume on Thursday, October 23. Investors are expected to focus on the upcoming second-quarter corporate earnings, particularly from sectors such as finance, energy, and information technology. Despite potential global challenges, market sentiment appears to be improving as India enters Samvat 2082 with better valuation comfort and fiscal stability.