Mumbaikars will be busy on November 20 due to political stir in Mumbai
Reportedly the indian stock markets will remain closed on Wednesday, november 20, 2024 and there will be no work on the BSE and NSE in the stock market. The holiday in the stock market has been announced on the occasion of the assembly elections in Maharashtra. The stock market has given official information about this. There will be a holiday in the stock market on both the exchanges of the stock market i.e. BSE and NSE and there will be no work on the exchange on this day due to the maharashtra assembly elections. There will be a trading holiday on the currency market and commodity exchange as well.
Meanwhile jharkhand assembly elections will also be held on the same day and 9 assembly by-elections of Uttar Pradesh have been announced. By the way, the holiday has been given in the stock market because it is election day in Mumbai, the financial capital of the country from where the stock exchanges operate. There will be political turmoil in Maharashtra's capital Mumbai on november 20 and for this reason, an attempt has been made to pause financial work a little so that all Mumbaikars and residents of maharashtra can exercise their right to vote.
Moreover the stock market is going to remain closed for a total of 12 days in november and the reason for this is festivals and special holidays. On Friday, november 1, the stock market was closed on the occasion of Diwali. After this, on Friday, november 15, the stock market will remain closed due to Guru Nanak Jayanti. After this, on Wednesday, november 20, the stock market will remain closed on the day of maharashtra assembly elections. At the same time, a total of 12 days of stock market holiday are being included in november, including all Saturdays and Sundays of the month.