Is the stock market closed today for Maharashtra elections?

The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are closed today, November 20, 2024, due to the Maharashtra Assembly Elections. This trading holiday applies across all segments, including the equity, derivatives, and securities lending and borrowing (SLB) divisions.
The stock exchanges follow an annual holiday calendar that outlines days when trading will not occur. According to the 2024 calendar, 16 holidays were announced for the year, with 14 already observed. The most recent holiday was on November 15 for Guru Nanak Jayanti. The next holiday is scheduled for December 25, Christmas Day.
To check stock market holidays, investors can visit the official websites of the NSE or BSE.
How to check holidays on the NSE website:
Before the break on Wednesday, benchmark indices experienced a volatile session on Tuesday, November 19. The markets initially saw significant gains, with the BSE Sensex climbing over 1,000 points during intraday trading. However, these gains were erased by the end of the session, reflecting the continued cautious mood among investors.
The 30-share BSE Sensex ended marginally higher, gaining 239 points or 0.31% to close at 77,578.38. Similarly, the NSE Nifty50 rose by 64.7 points or 0.28%, finishing at 23,518.50.
The Nifty50 remains in a correction zone, having fallen nearly 10% from its record high of 26,277, reached on September 27. A decline of 20% from the peak would signal a move into a bear market.
Nifty’s Technical Movement:
The Nifty50 breached its 200-day exponential moving average (200-DEMA) during the recent market downturn. While it attempted to recover this level on Tuesday, the index could not sustain the effort, reflecting persistent bearish sentiment.
Foreign Portfolio Investors (FPIs):
FPIs continued their selling spree, maintaining a bearish stance on Indian equities. In November alone, FPIs pulled out Rs 22,420 crore in the first half, adding to the massive Rs 1.14 lakh crore withdrawal recorded in October.