Bombay Stock Exchange and National Stock Exchange to Remain Closed on 22 January: Trading Halted on Ramlalla’s Pranpratishtha Day
On the day of Ram Lalla Pran Pratishtha, trading will remain closed in Stock Market on Monday. The Maharashtra government has declared a holiday in the state on January 22. Consequently, there will be no trading on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on this day.
Due to the holiday on January 22, the market will remain open throughout the day, unlike the usual Saturday closure. Previously, discussions were underway to open the market for just 2 hours on Saturdays, but a notice on January 20 stated that the market would stay open for trading from 9:00 AM to 3:30 PM throughout the day.
Stock Market Opens with Significant Gains
Today, the Indian stock market is witnessing significant gains on January 20. The Sensex opened at 72,008 with a rise of 325 points. Similarly, Nifty also saw an increase of 84 points, opening at 21,706. The trading session started with 28 out of 30 Sensex stocks gaining, with only 2 facing losses. Power and banking shares are showing more benefits.
Quarterly Results of Companies, Including ICICI Bank and IREDA, to be Announced
Many companies are set to announce their quarterly results today. Among them are Kotak Mahindra Bank, Can Fin Homes, ICICI Bank, IDBI Bank, IDFC First Bank, IREDA, Jammu and Kashmir Bank, JK Cement, Persistent Systems, and Union Bank.
Facility to Exchange/Deposit INR 2000 Notes Suspended from January 22
Starting from January 22, on the day of the Ram Mandir Pran Pratishtha celebrations in Ayodhya, the facility to exchange or deposit INR 2000 notes at the Reserve Bank of India (RBI) office will be suspended.
Central Bank’s Orders for Central Institutions and Industrial Institutions
The Central Bank issued orders related to the holiday on January 22 for public sector banks, insurance companies, and Regional Rural Banks (RRBs). Employees in these sectors will observe a half-day holiday on Monday.
Reliance Industries Also Announces Holiday on January 22
As per reports, Reliance Industries has also declared a holiday on January 22 across all its offices nationwide.
Sensex Closed at 71,683 with a Gain of 496 Points Yesterday
Yesterday, on January 19, the stock market saw a significant rise. The Sensex closed at 71,683 with a gain of 496 points. During the same time, Nifty recorded a rise of 160 points, closing at 21,622. Out of the 30 shares in the Sensex, 26 saw gains, while 4 experienced losses. ONGC’s share was the top gainer in Nifty.
