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Indian Stock Market Holidays List in 2023

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By Team Dontgetserious

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Soon, 2022 will be history, and 2023 will begin. As the new year begins, everyone will start thinking about what they hope to accomplish on a personal and financial level. It’s essential to have your planner set up before you begin making plans. Every year’s first order of business is to check the calendar for the upcoming holidays.

Indian Stock Market Holidays List in 2023

Due to our vast history, India is home to many different languages and cultures. This is why we celebrate so many different holidays all year long. The Indian stock market, like any other institution, maintains its own set of official holidays. Investors should keep in mind the upcoming holidays as this would allow for more efficient planning and, thus, better-investing choices.

India’s stock market

The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are the two largest stock exchanges in India (National Stock Exchange). A stock may list on either exchange or both if its owners choose. The Indian stock exchange is open from Monday through Friday and is closed over the weekend. The stock market does not operate on other days of the week, either, due to the observance of national holidays and festivals.

List of Trading Holidays of the NSE Market in 2023

DAY DATE HOLIDAY COMMENTS
Thursday Jan 26, 2023 Republic Day Full Day Off
Saturday Feb 18, 2023 Maha Shivaratri Morning Off
Wednesday Mar 08, 2023 Holi Morning Off
Thursday Mar 30, 2023 Ram Navami Morning Off
Tuesday Apr 04, 2023 Mahavir Jayanti Morning Off
Friday Apr 07, 2023 Good Friday Full Day Off
Friday Apr 14, 2023 Dr.Baba Saheb Ambedkar Jayanti Morning Off
Friday Apr 21, 2023 Id-ul-Fitr (Ramzan ID) Morning Off
Monday May 01, 2023 Maharashtra Day Full Day Off
Wednesday Jun 28, 2023 Bakri Id / Eid ul-Adha Morning Off
Saturday Jul 29, 2023 Muharram Morning Off
Tuesday Aug 15, 2023 Independence Day Full Day Off
Tuesday Sep 19, 2023 Ganesh Chaturthi Morning Off
Monday Oct 02, 2023 Mathatma Gandhi Jayanti Full Day Off
Tuesday Oct 24, 2023 Dasara Morning Off
Sunday Nov 12, 2023 Diwali-Laxmi Pujan** Morning Off
Tuesday Nov 14, 2023 Diwali-Balipratipada Morning Off
Monday Nov 27, 2023 Guru Nanak Jayanti Morning Off
Monday Dec 25, 2023 Christmas Full Day Off

 List of Trading Holidays of BSE Market in 2023

DAY DATE HOLIDAY COMMENTS
Thursday Jan 26, 2023 Republic Day Full Day Off
Wednesday Mar 08, 2023 Holi Morning Off
Saturday Mar 18, 2023 Maha Shivaratri Morning Off
Thursday Mar 30, 2023 Ram Navami Morning Off
Tuesday Apr 04, 2023 Mahavir Jayanti Morning Off
Friday Apr 07, 2023 Good Friday Full Day Off
Friday Apr 14, 2023 Dr.Baba Saheb Ambedkar Jayanti Morning Off
Saturday Apr 22, 2023 Id-ul-Fitr (Ramzan ID) Morning Off
Monday May 01, 2023 Maharashtra Day Full Day Off
Wednesday Jun 28, 2023 Bakri Id / Eid ul-Adha Morning Off
Tuesday Aug 15, 2023 Independence Day Full Day Off
Tuesday Aug 29, 2023 Muharram Morning Off
Tuesday Sep 19, 2023 Ganesh Chaturthi Morning Off
Monday Oct 02, 2023 Mathatma Gandhi Jayanti Full Day Off
Tuesday Oct 24, 2023 Dasara Morning Off
Sunday Nov 12, 2023 Diwali-Laxmi Pujan** Morning Off
Tuesday Nov 14, 2023 Diwali-Balipratipada Morning Off
Monday Nov 27, 2023 Guru Nanak Jayanti Morning Off
Monday Dec 25, 2023 Christmas Full Day Off

Trading in the Muharat, 2023

Although the market will be closed all day on Sunday, November 12, 2023, in observance of Diwali, it will reopen that evening for a special Muhurat session. Timetables are often announced by the government one month in advance.a

What is the stock market like during the holidays?

Changes manifest early on. The “holiday effect” or “pre-holiday effect” describes a regular occurrence in which stock values experience a little increase the day before a holiday.

This may be due to several factors that have been proposed as explanations.

Some analysts attribute it to a decrease in trading activity as people take time off for vacations, resulting in fewer eyes on the market. Investor sentiment is another possible explanation. Some cautious investors sell off their riskiest holdings in the days leading up to a holiday if something unfavorable happens in the market while they’re gone.

Stock market performances are affected by several factors over the winter vacations, including reduced trading volume, the “seasonality” of the market, and quarterly and annual rebalancing by institutional investors. If history indicates, December is a month of extreme market volatility. For instance, December 2018 saw one of the most significant monthly falls in recent years, with the S&P 500 Index falling 9.2%, while December 2021 saw one of the best monthly performances in 2021, with the index rising 4.4%.

Company performance can also significantly influence stock performance during the winter season. Early sales data can prompt investors to get enthusiastic about particular stocks despite a higher inflation rate, as many consumers are expected to visit stores this Christmas season. The newest projection from the National Retail Federation (NRF) predicts a 6% to 8% increase in holiday sales from November 1 to December 31, compared to the same period in 2021. Furthermore, non-store sales like those made online are anticipated to grow by 10% to 12%.

For the benefit of potential investors: dos and don’ts

Experts recommend the following if you’ve been feeling the need to reassess your investments since the holidays:

  • Avoid trying to predict when the market will rise or fall to avoid losing money. Avoid second-guessing the stock market while you’re away for the holidays; you might lose more money. The market’s performance varies significantly yearly, making it dangerous to rely on investing decisions on seasonality effects. Due to reduced market liquidity, trading during the Christmas season can be fraught with peril.
  • Do on creating lasting wealth, and resist the need to make rash adjustments to your portfolio. There is always some danger when you have money invested in the market, but sticking it out now could pay you huge dividends later. Maintaining a focus on long-term allocations and riding out any short-term market volatility is the best action.
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