Voting for the assembly elections is being held in Maharashtra on Wednesday 20 November. In the midst of this voting, there is also a holiday for the Indian stock market because on this day there is no trading in both the exchanges of the Indian stock market, BSE and NSE. This decision has been taken in view of voting for the assembly elections.
It is noteworthy that on Wednesday 20th November, voting is taking place on all 288 seats in Maharashtra including Mumbai. In view of the voting, it has been decided to keep the stock market closed. There will be no trading in derivatives segments other than equities during the market closure.
Stock market keeping an eye on Maharashtra election results
The stock market is keeping an eye on the election results of Maharashtra and Jharkhand assembly. Maharashtra’s capital Mumbai is the country’s economic capital. From stock market to industries, the results will be kept an eye on. After voting takes place on November 20, counting of votes will take place on November 23, 2024. It will be clear on this day whether Mahayuti government will be formed in Maharashtra or Maha Aghadi (MVA) will come to power.
On Tuesday, due to buying in banking, information technology and automobile stocks amid mixed global trend, the ongoing decline in the stock market for the last several days came to an end. During this period, BSE Sensex closed up by about 240 points or 0.31 percent and NSE Nifty closed up by about 65 points or 0.28 percent. Traders said continued buying by domestic institutional investors also supported the market sentiment. After four days of decline, the Sensex closed 239.37 points or 0.31 per cent higher at 77,578.38.
