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Stock market today: Why BSE Sensex, Nifty50 are closed for trading on May 20, 2024

Stock market closed today: Due to the Lok Sabha polls in Mumbai, equity markets will remain closed on Monday, that is May 20, 2024, as per the BSE market holiday calendar. Consequently, all segments, including the equity, derivative, and SLB segments, will be shut for the day.
The Multi-Commodity Exchange (MCX) will be closed for the morning session but will operate during the evening session.
In addition to the Mumbai Elections (May 20), the markets will be closed on several other occasions in 2024, including “Bakri Id (June 17), Muharram (July 17), Independence Day (August 15), Mahatma Gandhi (October 2), Diwali (November 1), Gurunanak Jayanti (November 15) and Christmas (December 25).” The exchanges may modify these holidays, and a separate circular will be issued in advance if any changes occur.
On Saturday, Indian equities traded in two special sessions, from 9:15 a.m. to 10 a.m. (0345-0430 GMT) at a primary site and from 11:30 a.m. to 12:30 p.m. (0600-0700 GMT) at a disaster recovery site. This was done to test how the systems would respond to unexpected events.
The markets regulator had closely examined the NSE and BSE after a significant trading outage on February 24, 2021, caused by a technical glitch, during which the bourses failed to switch to the disaster recovery site. A similar special trading session was previously held on March 2, 2024.
The NSE Nifty 50 closed 0.16% higher at 22,502, while the S&P BSE Sensex gained 0.12% to reach 74,006. Both benchmarks traded within a narrow range. The Nifty breadth favored bulls, with 38 stocks trading in the green, 11 in the red, and one remaining unchanged.
The top gainers were Nestle India, Power Grid, Tata Motors, Adani Ports, and Hindalco, while the top losers were JSW Steel, M&M, UltraTech Cement, LTIMindtree, and Maruti Suzuki.

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