The Indian market is currently undergoing a corrective phase, impacted by the rise in the dollar index following Donald Trump’s victory in the 2024 US Presidential elections, along with continuous outflows from foreign investors and the Middle East crisis.
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While the last session was a positive one for the Indian markets after seven straight sessions of losses, analysts expect the consolidation phase to continue. In November so far, the benchmark has lost 3 per cent after an over 6 per cent decline in October.
Consumer Demand
The path ahead for FY25 presents a mix of challenges and opportunities. While subdued earnings in the first half have posed concerns, the anticipation of a recovery in the latter half, supported by strategic government spending and robust consumer demand, offers a positive outlook.
Due to the Maharashtra state elections, the Indian stock exchanges National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will also remain shut today.
Accordingly, all the segments including, the equity segment, derivative segment, and SLB segment will be closed.
MCX Holiday Calendar
The public holiday list applies to the capital markets, futures, and options divisions as well.
As per the MCX holiday calendar, trading holidays have been announced on 16 days in 2024. So far, MCX has been closed on 14 occasions this year. The last time it was closed was on November 15, Friday for Guru Nanak Jayanti.
Next, MCX will remain closed on December 25, Wednesday on account of Christmas.
The National Commodity & Derivatives Exchange (NCDEX), the largest agri commodity exchange in India will remain closed tomorrow.
Currently, the commodity exchanges operate in two sessions—one in the morning and one in the evening. While some public holidays are observed in the first half, with trading resuming in the second half, others involve full-day closures.
