Diwali Stock Market Holiday: Are NSE, BSE Shut on October 31?

Mumbai: As India prepares to illuminate its homes and hearts, the joyous festival of Diwali kicks off on October 29, 2024. Known as the Festival of Lights, Diwali is one of the longest and most celebrated festivals in the country, lasting until November 3. During this vibrant time, schools, public offices, and banks will observe holidays, allowing families to come together and partake in age-old traditions.

Diwali Stock Market

With the festivities in full swing, many are curious about the impact on the financial markets. This year, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will be closed for trading for three days during the Diwali celebrations. Specifically, the markets will remain shut on October 30, November 1, and November 2.

This closure is in line with customary practices during major festivals, allowing investors and traders to focus on family and festivities without the distraction of the stock market.

Stock Market Holiday

Diwali is marked by a myriad of celebrations, including the lighting of diyas (oil lamps), bursting of fireworks, exchanging gifts, and sharing festive meals. Each region of India has its own unique customs, adding to the rich tapestry of this festival.

A Time for Reflection and Renewal

Beyond the joy and celebration, Diwali is also a time for reflection and renewal. People often take this opportunity to clear out the old and welcome the new, both in their homes and in their lives. As businesses close for the festivities, many look forward to starting fresh with new ventures and opportunities post-Diwali.

As the festival approaches, the spirit of Diwali is palpable across the country. Communities come together, reinforcing bonds and spreading goodwill, embodying the essence of this beloved celebration. Whether it's through traditional rituals or modern festivities, the joy of Diwali is set to brighten the lives of millions in India.