The Indian stock market will remain closed on Thursday, August 15, 2024, due to Independence Day.

The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will be shut for all trading activities, including equities, equity derivatives, and the securities lending and borrowing (SLB) segment. The markets will resume trading on Friday, August 16.

This closure is part of the 14 trading holidays scheduled for 2024, as per a circular issued by the stock exchanges last year.

In August, the stock market observes just one holiday for Independence Day, with no scheduled closures in September.

The next scheduled holiday for the Indian stock market in 2024 is on Wednesday, October 2, on account of Mahatma Gandhi’s birth anniversary. Markets will remain closed across all segments on this day, as part of the annual observance of Gandhi Jayanti.

Following the holiday on October 2 for Gandhi Jayanti, the Indian stock market will observe closures on November 1 on the occasion of Diwali.

Markets will also be closed on November 15 for Gurunanak Jayanti, a day celebrating the birth anniversary of Guru Nanak, the founder of Sikhism. The final scheduled holiday for 2024 is on December 25, when markets will close for Christmas, marking the end of the year’s trading calendar with festive celebrations.

Ahead of the Independence Day holiday, Indian equity benchmark indices, Sensex and Nifty, rebounded on Wednesday, opening in positive territory after experiencing a decline on Tuesday.

On Tuesday, the decline in Sensex and Nifty was largely influenced by a slump in HDFC Bank shares and fresh outflows of foreign funds. Additionally, mixed signals from global markets contributed to the lack of direction in domestic equities.