Stock Markets Closed Today for Maharashtra Day and Labour Day
Stock market holiday today: Are NSE, BSE and MCX open or closed on May 1 for Maharashtra Day and Labour Day? Check now
The Economic TimesImage: The Economic Times
On May 1, 2023, the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in India are closed in observance of Maharashtra Day. The Multi Commodity Exchange (MCX) will be closed until the evening session, while the National Commodity & Derivatives Exchange (NCDEX) remains closed all day. Global markets are also affected by International Labour Day.
- 01NSE and BSE are closed today for Maharashtra Day.
- 02MCX will resume trading in the evening session from 5 PM to 11:30 PM.
- 03NCDEX is closed for the entire day.
- 04Global markets in Asia and Europe are also closed for Labour Day.
- 05Next market holiday in India is on May 28 for Bakri Eid.
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On May 1, 2023, India's major stock exchanges, the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), are closed in honor of Maharashtra Day. The Multi Commodity Exchange of India (MCX) will not operate during the morning session but will reopen for trading between 5 PM and 11:30 PM. In contrast, the National Commodity & Derivatives Exchange (NCDEX) will remain closed all day. This closure coincides with International Labour Day, resulting in many global markets, including those in China, Singapore, and Hong Kong, being shut down. European markets in France, Germany, and Spain are also closed, while stock markets in the UK and US will operate as usual. The next scheduled market holiday in India is on May 28 for Bakri Eid, with several other holidays planned throughout the year, including Muharram on June 26 and Ganesh Chaturthi on September 14. Notably, there is a lack of mention of Diwali trading hours due to it falling on a weekend, with Muhurat Trading set for November 8, 2026.
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The closure of stock markets may affect traders and investors looking to execute trades today, potentially leading to a backlog of transactions.
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