October 31 or November 1? When is the stock market closed for Diwali
Indian equity markets will remain open for trading on Thursday, October 31, despite many celebrating the festival of lights, Diwali, on that day. However, the markets will observe a holiday on November 1, Friday, although they will briefly open for Muhurat Trading.
According to Hindu Calendar and Panchang, Deepawali is celebrated on Amavasya Tithi of Krishna Paksha in the month of Kartik and media reports suggest that the Amavasya Tithi will prevail on October 31, 2024.
India's largest commodity exchange, the Multi Commodity Exchange of India (MCX) will also be open for trading on Thursday while remaining closed in the morning session (9 am to 5 pm) on November 1. It will resume trading in the second session between 5 pm and 11:30/11:55 pm.
Likewise, the National Commodity & Derivatives Exchange (NCDEX) which is the largest agri commodity exchange in India will also be open for trading on Thursday at the usual hours. It will be closed on Friday between 9 am and 5 pm and will resume trade between 5 pm and 9 pm.
Diwali Muhurat trading
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