Share Market Today: Google search has exploded with queries on ‘Why is the stock market closed today’ (20 November) and related search terms such as ‘share market today’ and ‘why is the stock market closed’? Google’s Trending Now results revealed over 100,000 searches within an hour with people wanting to know why.

Trading on both National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) is suspended today due to Maharashtra Assembly Elections on November 20, 2024. All market segments, including equity, derivatives, and securities lending and borrowing (SLB), will remain inactive during this holiday.

The BSE calendar highlights the trade holidays.

The BSE calendar for 2024 lists a total of 16 trading holidays, of which 14 have already been observed this year. In honor of Guru Nanak Jayanti, Friday 15th November was the latest market holiday. Looking ahead, the next shutdown is scheduled for Wednesday, December 25, as markets stop for Christmas celebrations.

For detailed holiday updates on NSE, investors can:

1. Visit the official website of NSE.

2. Go to the ‘Resources’ tab on the home page.

3. Click on ‘Holidays’ under the ‘Exchange Communication’ section.

Tuesday’s Market Performance: Nifty reverses gains.

In the last trading session on Tuesday, Indian indices showed promise with early gains but lost momentum towards the end of the day. The Nifty50 formed a bearish candle with an upper wick on its daily chart, indicating selling pressure.

Despite a brief attempt to recover above its 200-day exponential moving average (DEMA), the Nifty failed to sustain these levels. It is now down nearly 10% from its September 27 peak of 26,277, entering correction territory. If the index falls 20% from its peak, it will indicate a bear market on Dalal Street.

Foreign portfolio investors (FPIs) remain cautious, pulling significant funds out of Indian equities. In the first half of November alone, FPIs made a surprising withdrawal. ₹22,420 crore, bucking the trend of heavy outflows seen in October.

A market holiday provides a brief respite between sharp fluctuations. Investors will be watching the coming sessions closely, especially as indices near key technical levels. With FPIs maintaining a negative stance and the Nifty in correction mode, cautious optimism will be key for traders going forward.