Indian Stock Markets Closed on November 10 for Diwali-Balipratipada

Indian stock exchanges will not operate on Tuesday, November 10, in observance of the Diwali-Balipratipada festival. Both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) have announced a full market holiday for this day. All trading activities, including equity, equity derivatives, and securities lending and borrowing (SLB) segments, will be suspended.

Trading is set to recommence on Wednesday, November 11, starting at 9:15 AM. On the same day, commodity derivatives will see a partial trading schedule. The morning session will remain closed, while the evening session will open from 5 PM, allowing market participants to engage in trading activities during this limited window.

Looking ahead to 2026, the stock market calendars from NSE and BSE indicate two additional holidays beyond regular weekends. Markets will be closed on Tuesday, November 24, 2026, to mark Prakash Gurpurb Sri Guru Nanak Dev’s birth anniversary. Another closure is scheduled for Friday, December 25, 2026, in honor of Christmas Day.

Reflecting on the market activity before the holiday, Monday’s session was relatively steady. After a strong seven-day upward trend, the markets appeared to take a pause, maintaining recent gains with a slight increase. The BSE Sensex ended the day at 81,106.65 points, gaining 107.25 points or 0.13 percent. Intraday, it reached a high of 81,339.41 points, up by 340.01 points or 0.41 percent.

The NSE Nifty also closed modestly higher, rising 58.25 points or 0.23 percent to finish at 25,044.65. Sector-wise, pharmaceutical and select financial stocks showed strength supported by company-specific buying and positive earnings reports. In contrast, IT stocks faced selling pressure, while metals and other cyclical sectors experienced profit-taking. Midcap and smallcap indices displayed limited movement, signaling a moderate slowdown in the broader market’s momentum following the recent rally.

Ajit Mishra, Senior Vice President of Research at Religare Broking, commented on the market’s current phase. He observed that investors seem to be consolidating after the sharp gains last week. Foreign investors have remained active, injecting over $4.1 billion into Indian equities so far in November, which continues to provide support.

He noted that Brent crude prices hovered around $98 per barrel, and easing tensions in West Asia have helped ease concerns. However, the weak performance of global technology stocks and ongoing geopolitical and economic uncertainties warrant caution among investors.

Mishra suggested that a period of consolidation is a healthy development for the market. He emphasized the importance of the Nifty staying above the 24,600–24,800 range to maintain a positive outlook and potentially push towards 25,200–25,600 points. He recommended using this consolidation phase to selectively buy quality stocks, focusing on sectors such as banking, pharmaceuticals, automotive, infrastructure, and capital markets.

This outlook reflects the views of market analysts cited and does not represent the official stance of Business Standard. Investors are advised to make decisions carefully and consider multiple factors before trading.

Market holidays provide investors and traders a pause to observe cultural and national events while also allowing time to assess market conditions. The Diwali-Balipratipada holiday is a significant occasion in India, often associated with new beginnings and prosperity. The closure of stock markets on such days is a customary practice, aligning with the country’s cultural calendar and providing a break in trading activity.

Overall, the scheduled market holiday and recent trading trends highlight the balance between cultural observance and economic activity in India’s financial markets.