Indian Stock Markets Closed on November 5 for Guru Nanak Jayanti Holiday

Indian stock markets, including the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), will not operate on Wednesday, November 5, as the country observes the holiday for Guru Nanak Jayanti. The holiday is officially listed as Prakash Gurpurb Sri Guru Nanak Dev in the exchanges' trading calendar. This closure affects all market segments, such as equity, derivatives, and currency derivatives. Trading activities will resume as usual on the next business day, Thursday, November 6, as per the standard Monday-to-Friday trading schedule, excluding weekends and holidays. Guru Nanak Jayanti, also known as Gurpurab or Prakash Utsav, celebrates the birth anniversary of Guru Nanak Dev Ji, the founder of Sikhism. The year 2024 marks the 556th birth anniversary. The next and final trading holiday for the year will be on December 25 for Christmas.

Impact This news directly impacts traders and investors by halting all trading activities for a full day. It means no new positions can be opened or closed on the affected exchanges, and price discovery is suspended. The impact on market sentiment is generally neutral, as holidays are pre-scheduled and anticipated. Impact Rating: 7/10

Difficult Terms Explained: Prakash Gurpurb Sri Guru Nanak Dev: This is the official name used by stock exchanges to refer to the holiday celebrating the birth anniversary of Guru Nanak Dev Ji, the founder of Sikhism.