Stock Market Holiday: Equity Markets Closed Today for Eid-al-Adha Celebrations


Stock Market Holiday: Equity Markets Closed Today for Eid-al-Adha Celebrations
Today, June 17, the equity markets will be closed in observance of Eid-al-Adha (Bakri Eid) as per the BSE market holiday calendar. This closure applies to all segments, including equity, derivatives, and SLB segments. 
The Multi-Commodity Exchange (MCX) will be closed for the morning session on June 17 due to Bakri Eid but will resume operations for the evening session. Additionally, in 2024, the exchange will be closed on the following dates: July 17 for Muharram, August 15 for Independence Day, October 2 for Mahatma Gandhi's birthday, November 1 for Diwali, November 15 for Gurunanak Jayanti, and December 25 for Christmas. Any changes to these holidays will be communicated in advance through a separate circular issued by the exchanges.
Indian benchmark equity indices achieved record closing highs for the second consecutive session on Friday. The rise was propelled by state-run companies and energy stocks, bolstered by expectations of sustained capital expenditure under the new government. The 30-share BSE benchmark Sensex climbed 181 points, closing at 76,993, marking a gain of 0.24%. Meanwhile, the broader NSE Nifty advanced by 67 points, settling at 23,465, up by 0.29%.
The Nifty's market breadth favored bulls, with 28 stocks gaining and 22 declining. Leading the gains were Eicher Motors, Adani Ports, M&M, Shriram Finance, and Titan, while Tech Mahindra, TCS, Wipro, HCL Tech, and L&T led the list of top losers.
On Friday, the small and mid-cap indexes, focused on domestic markets, surged by 1% and 0.75% respectively, marking their fourth consecutive session of reaching record highs. These indexes continued to outperform the benchmarks, having risen by 15% and 12.36% respectively since their decline following the election results on June 4. In comparison, the Nifty rose by 7.22% during the same period. State-run firms and lenders posted gains of 4.94% and 2.5% respectively for the week, buoyed by expectations of policy continuity after key ministers were retained in the new government's cabinet.