Mumbai, June 14: The stock market will be closed on Monday, June 17, on the occasion of Eid Ul Azha 204 or Bakrid. The festival of Bakrid, also known as Eid al-Adha and Eid Ul-Azha, will be celebrated by the members of the Muslim community in India on Monday. On account of Bakra Eid, both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will be shut for business.

According to the holiday calendar on BSE's website, all segments, including equity, derivative and SLB, will be closed on Bakrid. Traders who invest in the stock market will get a much-needed extended weekend this week as the market will be closed for three days straight. While the stock market will be closed on Saturday, June 15 and Sunday, June 16, as it is the weekend, it will remain shut on Monday for the festival of Bakrid. So, the question arises as to when the stock market will reopen. Eid Ul Azha 2024: Islamic Centre of India Issues Advisory, Says No Social Media Display of ‘Qurbani’.

Trading to Resume on June 18

After an extended weekend, the stock market will resume business on Tuesday, June 18 at 9:15 am, which will be followed by a fifteen-minute pre-opening session starting at 9 am. While the stock market will remain shut on Monday, the Multi Commodity Exchange of India Limited (MCX) will only be closed for the morning session. MCX will resume trading in the evening at 5 pm.

When is Stock Market Closed Besides Weekends?

Notably, the next stock market holiday is on July 17 for Muharram. The Bombay Stock Exchange has listed 15 holidays for equity, equity derivatives, and SLB segments on its official website for this year. In the coming months, the stock market will remain closed on several occasions, including Independence Day, Mahatma Gandhi Jayanti, Diwai, and Christmas. Eid al-Adha 2024 Meat Recipes: From Mutton Korma to Dal Gosht, Enjoy These Traditional Meat Dishes to Celebrate Bakri Eid (Watch Recipe Videos).

Meanwhile, the festival of Bakrid will be celebrated by Muslims in India on Monday. Bakrid also known as Eid Ul Azha is observed to commemorate the willingness of Prophet Ibrahim to sacrifice his son as an act of obedience to God’s command. Also known as the "Feast of Sacrifice", Bakrid is the second important festival of Muslims with the first being Eid al-Fitr.

(The above story first appeared on LatestLY on Jun 14, 2024 11:45 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).