Sabke Ram: Stock Market shut for Pran Pratishtha ceremony, open on Saturday

The Indian stock market will operate a full day of trading this Saturday, January 20th, before closing on Monday, January 22nd is declared as a public holiday in Maharashtra state.

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The Indian stock markets will operate on an unusual schedule this weekend due to a public holiday declared for Monday in the state of Maharashtra.

On Saturday, January 20, the National Stock Exchange (NSE) has confirmed there will be a full trading session from 9am to 3:30pm. This comes ahead of the Pran Pratishtha ceremony for the new Ram Temple in Ayodhya taking place on Monday, January 22.

The NSE announced in a press release on Friday that trading across equities, debt and money markets will remain closed on Monday due to the public holiday. The holiday was declared by the Maharashtra state government under Section 25 of the Negotiable Instruments Act, 1881 to mark the celebrations for the temple ceremony.

Earlier there had been some ambiguity around the trading hours for the NSE and Bombay Stock Exchange on Saturday. But the NSE spokesperson has now clarified that it will be a full session that day to make up for the closure on Monday.

In addition to Maharashtra, the central government has declared a half-day closure until 2:30pm on Monday for the occasion of the Pran Pratishtha ceremony in Ayodhya. So while the stock markets will operate as normal on Saturday, traders should be aware the week will start with a shortened session on Monday.