The Indian stock markets are set to take a break in August 2024, with the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) closing their doors for a total of 10 days, including weekends. Investors and traders will need to plan their strategies accordingly, as the markets will be closed on the following dates:
– August 3, 2024: Saturday (Weekend)
– August 4, 2024: Sunday (Weekend)
– August 10, 2024: Saturday (Weekend)
– August 11, 2024: Sunday (Weekend)
– August 15, 2024: Thursday (Independence Day – National Holiday)
– August 17, 2024: Saturday (Weekend)
– August 18, 2024: Sunday (Weekend)
– August 24, 2024: Saturday (Weekend)
– August 25, 2024: Sunday (Weekend)
– August 31, 2024: Saturday (Weekend)
Despite the upcoming market closures, the BSE Sensex index closed 1.62 per cent higher at 81,332.72 points, while the NSE Nifty 50 index closed 1.76 per cent higher at 24,834.85 points after the trading session on Friday, July 26. The Nifty Midcap 50 and Nifty Midcap Select also saw significant gains, with a change of 2.24 per cent and 2.17 per cent, respectively.
Looking ahead to the business week of July 29 to August 2, investors can anticipate the Ola Electric IPO, Akums Drug IPO, and two other potential listings. Additionally, UltraTech Cements has received approval to acquire a 32.72 per cent stake in India Cements, with a payment of ₹3,954 crore at ₹390 per share. This acquisition is expected to have a significant impact on the cement industry in India.
As the stock markets prepare for a brief hiatus in August, investors and traders will need to stay informed and make strategic decisions to navigate the upcoming market closures.
