Saturday times ESB, NSE: Major stock exchanges BSE and NSE will hold a comprehensive trading session in the equity and equity derivatives segments on Saturday, January 20. Testing of a disaster recovery (DR) site was underway to assess their preparedness to handle substantial market-level disruptions or failures. the main site has been put on hold.
Also, trading at the National Stock Exchange will remain closed on January 22 as the Maharashtra government has announced a public holiday in connection with the consecration of the Ram temple in Ayodhya, an official said on Friday.
In a circular, the NSE said the currency derivatives segment would remain closed on January 22.
According to sources, the National Commodity and Derivatives Exchange (NCDEX) will remain closed on Monday, while the Multi Commodity Exchange (MCX) will open from 5 p.m.
BIG BREAK:
Stock markets are open all day tomorrow, Saturday January 20. Full trading session from 9 a.m. to 3:30 p.m.
Monday January 22 will be a public holiday @NSEIndia @BSEIndia #StockMarketindia @ZeeBusiness
– CA Anil Singhvi Zee Business (@AnilSinghvi_) January 19, 2024
Money markets to remain closed on January 22: RBI
The Reserve Bank of India (RBI) announced on Friday that money markets would remain closed on January 22.
The RBI said that since the Maharashtra government has declared January 22 a public holiday under Section 25 of the Negotiable Instruments Act, 1881, there will be no transaction or settlement in government securities (primary and secondary), foreign exchange, money markets or derivatives on rupee interest rates on that day.
It indicated that the settlement of all pending transactions will be postponed to the next business day, January 23.
