This is to inform you that on November 14, 2023, i.e. today, the trading will remain closed in the equity segment, SLB segment, and equity derivatives segment. But why? If you are wondering why the Indian stock market is closed today, then kindly note that the trading segment is shut today on account of Diwali Balipratipada. Yes, you heard it right, like a national holiday when banks, educational institutions, and other professional organizations remain closed the Indian stock market also remains closed on the occasion of Diwali Balipratipada. In this article, we have poured in everything that you should keep in mind on Diwali Balipratipada. Stick with this page and go through this column till the end. Swipe down the page and take a look below.
The simple and direct meaning of this headline is that there will be no trading in the equity segment, SLB segment, and equity derivatives segment. In addition, the currency derivatives market will also remain inactive for trading on Diwali Balipratipada which falls on November 14, 2023. The other segment that will be not available for trading on Tuesday is the commodity segment which means trading at the Multi Commodity Exchange (MCX) will remain closed in the first half of today. Continue reading this article and learn more details.
As mentioned, the Multi Commodity Exchange will be shut for the first half on Tuesday, the trading at the MCX will resume in the second half in the evening at around 5 pm. However, no trading will take place in the currency derivatives segment and interest rate derivatives segment for the whole day. Do you know when Diwali Balipratipada falls every year? Balipratipada which is also known as Bali Padyami, falls on the fourth day of Diwali. Swipe down the page and read more details.
Senior VP Research Analyst at Mehta Equities Ltd, Prashanth Tapse said, “As we bid farewell to Samvat 2079, the horizon of Samvat 2080 looks promising. Our ‘Diwali Picks 2023’ features 12 stocks with balanced investment potential, including names like L&T, Tata Motors, HDFC Bank, Indigo, ABFRL, Tata Power, Usha Martin, Doodla Dairy, Crompton Greaves Consumer Electricals, Ashoka Buildcon, Imagica, and LG Bal Bros. We recommend accumulating these value picks with strong fundamentals for possible growth. The market positiveness is fueled by factors such as robust GST numbers, the Federal Reserve’s efforts for a “soft landing,” easing Middle East hostilities, active retail participation, and declining WTI oil prices”