Stock markets are closed on public holidays and weekends. Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will be closed for nine days, including weekends, in July. Here is the list of holidays in July so investors can decide accordingly.
Stock Market Holiday List:
July 6, 2024: Saturday, weekend
July 7, 2024: Sunday, weekend
July 13, 2024: Saturday, weekend
July 14, 2024: Sunday, weekend
July 17, 2024: Wednesday, Moharram
July 20, 2024: Saturday, weekend
July 21, 2024: Sunday, weekend
July 27, 2024: Saturday, weekend
July 28, 2024: Sunday, weekend
The Bombay Stock Exchange (BSE) closed at Rs 79,032.73., It fell 0.29% in the last trading day of June. The National Stock Exchange (NSE) fell 0.14% in the last trading day of June to close at Rs 24,010.60.
“The continuity of the government after the election results ensures continued reforms. This has improved GDP growth projections, attracting foreign portfolio investor (FPI) buying. However, FPI buying is concentrated in a few specific stocks rather than spread across the market or sector. This is as Indian equities are still considered overvalued by FPIs,” Vipul Bhoir, director, listed investments at Waterfield Advisors said about the market trends.
“FPIs are favouring financials, auto, capital goods, real estate and certain consumer sectors. FPIs are expected to make selective investments in certain sectors and stocks instead of broad-based purchases across the market,” Bhoir said about the market outlook.
“India will continue to be a favourable market for FPI inflows, though actual inflows may not be the highest among emerging markets due to intermittent volatility and shifts in global investor sentiment. However, the long-term outlook remains favourable, providing reassurance about the stability of FPI inflows in India,” he added.
On the impact of India’s inclusion in the JP Morgan Emerging Markets Index from June 28, 2024, VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, “India’s inclusion in the JP Morgan bond index is definitely a positive. As of now, India’s debt inflows for 2024 have been at 1.2%. ₹68,674 crore. In the long run, it will reduce the borrowing cost of the government and also reduce the cost of capital for companies. This will be good for the economy and, ultimately, for the stock market.”
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