Indian Stock Markets Closed Tuesday for Dussehra Holiday
Domestic stock markets in India are closed on Tuesday, October 20, for the Dussehra holiday, with normal trading scheduled to resume on Wednesday, October 21. The trading pause applies across equity, derivative, currency, and securities lending segments on both National Stock Exchange of India Limited (BSE:NSE) and the Bombay Stock Exchange. Meanwhile, commodity trading on the Multi Commodity Exchange of India is suspended for the morning session but reopens in the evening.
The holiday follows a market decline on Monday driven by profit-booking across multiple sectors. Weakness in private banking stocks, earnings results that missed expectations, and rising crude oil prices created pressure on equities. The BSE Sensex Index (BSE:SENSEX) fell 876.37 points, or 1.17 percent, to close at 73,852.90, while the Nifty 50 Index (NSE:NIFTY) dropped 257.20 points, or 1.11 percent, to 22,888.95. Public sector bank shares provided a brief bright spot, gaining 2.41 percent, while technology and consumer goods indexes closed lower.
When Indian markets reopen on Wednesday, investors will continue to monitor corporate earnings announcements, global market cues, and energy market trends. Brent crude oil traded around USD 109.66 per barrel, keeping inflation and cost pressures in focus for domestic businesses.
Key points
- Indian equity, derivative, and currency markets are closed on Tuesday, October 20, for the Dussehra holiday.
- Regular trading on the BSE and NSE will resume on Wednesday, October 21.
- Prior to the holiday, the BSE Sensex fell 1.17 percent and the Nifty 50 dropped 1.11 percent on Monday.
- Trading on the Multi Commodity Exchange is closed for the morning session but reopens in the evening.
- Investors are monitoring upcoming quarterly earnings, energy prices, and currency stability ahead of Wednesday's reopening.
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Why are Indian stock markets closed on Tuesday, October 20?
Indian stock markets, including the NSE and BSE, are closed on Tuesday, October 20, for the Dussehra festival holiday. Regular trading resumes on Wednesday, October 21.
Is commodity trading open on MCX on Dussehra?
Trading on the Multi Commodity Exchange of India (MCX) is suspended during the morning session on Dussehra but resumes for the evening session.
How did Indian stock indexes perform before the holiday?
On Monday, the BSE Sensex dropped 876.37 points (1.17%) to 73,852.90, and the Nifty 50 declined 257.20 points (1.11%) to 22,888.95 due to selling in private banks and weak earnings.