After a recent holiday on Gandhi Jayanti, investors are in for another market closure in October. The stock market in 2023 has had more holidays compared to 2022.
This article highlights the closure of the stock market on the occasion of Dussehra, also known as Vijayadashmi, a prominent Hindu festival.
Market Closure Date
The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will remain closed on October 24, 2023, for the Dussehra celebration.
Significance of Dussehra
Dussehra is celebrated to symbolize the triumph of good over evil, and it holds a special place in Indian culture.
2023 vs. 2022 Holidays
The stock market in 2023 has seen a total of 15 holidays, which is two more compared to the previous year, 2022.
Upcoming Earnings Reports
Aside from the festive holiday, the stock market is gearing up for a busy week with several prominent companies reporting their earnings for the second quarter of the fiscal year.
Key Companies Reporting Earnings
Prominent companies like Reliance Industries Limited (RIL), Axis Bank, PNB, Tech Mahindra, and others are part of this week’s earnings lineup.
As the stock market observes a holiday for Dussehra, investors can also expect an eventful week ahead with important earnings reports from major companies.
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