September 2024 Stock Market: Nine Non-Trading Days and No Weekday Holidays

Posted on by

Discover the nine non-trading days in September 2024, including Saturdays and Sundays. Learn about regular trading hours, market performance, and the impact of Ganesh Chaturthi on the stock market.

As we approach September 2024, it’s essential for investors and traders to be aware of the upcoming stock market holidays. This month will see nine non-trading days, but unlike previous years, there will be no additional weekday holidays. Here’s a detailed look at what to expect.

Genus Power Infrastructures
Old structure of Share market Bombay Stock Exchange Building.

No Weekday Holidays in September 2024

In 2023, the stock market had an extra holiday for Ganesh Chaturthi, which fell on a weekday. However, in 2024, Ganesh Chaturthi will be observed on Saturday, September 7th. This alignment with the weekend means that the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will remain open on all weekdays in September. This is good news for active traders, as it reduces interruptions in trading activity.

  • Key Non-Trading Days:
    • Four Saturdays: September 7th, 14th, 21st, and 28th
    • Five Sundays: September 1st, 8th, 15th, 22nd, and 29th

Regular Trading Hours: What You Need to Know

The BSE and NSE operate on a well-defined schedule, and understanding the trading hours is crucial for making informed decisions.

  • Pre-Open Session:
    • Order Entry & Modification: 09:00 AM to 09:08 AM
    • Random Closure: During the last minute of the pre-open session.
  • Regular Trading Session:
    • Normal & Limited Physical Market: 09:15 AM to 03:30 PM
  • Closing Session:
    • Time: 03:40 PM to 04:00 PM
  • Block Deal Session Timings:
    • Morning Window: 08:45 AM to 09:00 AM
    • Afternoon Window: 02:05 PM to 02:20 PM

These sessions allow investors to place, modify, or cancel orders before and after the regular trading hours.

BSE & NSE: Pillars of Indian Stock Trading

India’s stock market is primarily driven by two major exchanges: the BSE and NSE. The NSE is not only the largest in India but also ranks among the top financial markets globally. According to the World Federation of Exchanges (WFE), the NSE was the 3rd largest stock exchange in the world in 2022.

  • BSE: Established in 1875, it’s Asia’s oldest stock market.
  • NSE: Founded in 1992, it revolutionized electronic trading in India.

Both exchanges are regulated by the Securities and Exchange Board of India (SEBI), ensuring fair and transparent trading practices.

Read More Genus Power Infrastructures: The Multibagger Power Stock That Just Secured a Rs 4,469 Crore Order

Stock Market Performance & Future Outlook

The Indian stock market has been on a remarkable upward trajectory. Recently, the BSE Sensex and NSE Nifty have seen continuous gains, driven by robust global trends and increased foreign investments.

  • BSE Sensex: Gained 231 points, closing at a record high of 82,366.
  • NSE Nifty: Rose by 84 points, closing at a historic 25,235.

This bullish trend reflects strong market fundamentals, and investors should stay informed about future developments to capitalize on these opportunities.

Ganesh Chaturthi 2024: Celebrations and Market Impact

Ganesh Chaturthi, a significant Hindu festival, will be celebrated on September 7th, 2024. While the stock market will be closed on this day (Saturday), there will be no additional impact on weekday trading.

  • Ganesh Visarjan: Scheduled for Tuesday, September 17th, an important day for devotees.

Investors should be aware of these dates to avoid any disruptions in their trading plans.

Conclusion

September 2024 will be a relatively calm month for the stock market, with no additional weekday holidays. Investors should plan their trades accordingly, keeping in mind the non-trading days. Staying informed about the market schedule and recent performance trends will be crucial for maximizing returns.