The stock market will remain closed on Bakrid, which is being celebrated on July 10, 2023. This is in accordance with the decision taken by the Securities and Exchange Board of India (SEBI).
Earlier, the market was scheduled to remain closed on June 28, 2023, but this was later changed to July 10, 2023, to coincide with the festival.
The decision to close the market on Bakrid is in line with the SEBI’s policy of giving investors a break on important religious holidays. This is to ensure that investors have time to celebrate the festival with their families and friends.
The stock market will reopen on July 11, 2023.
Impact on Investors
The closure of the stock market on Bakrid is likely to have a limited impact on investors. However, it may lead to some volatility in the market in the days leading up to the festival.
Investors who are planning to trade on Bakrid should be aware of the closure and make their trading plans accordingly.
Other Market Holidays
In addition to Bakrid, the stock market will also be closed on the following holidays in 2023:
- Independence Day (August 15)
- Gandhi Jayanti (October 2)
- Diwali (November 4)
- Christmas (December 25)
Investors should keep these holidays in mind when making their trading plans.