Leaders Online Desk: Voting for the fifth phase of the Lok Sabha elections is taking place in Mumbai, the financial capital of the country, on May 20. In this background, BSE and NSE stock exchanges will be closed on Monday, May 20. As a result, there will be no transactions in the cash market or F&O department. This includes equity, commodity or currency contracts.
This decision has been taken to ensure citizen participation in elections under Section 25 of the Negotiable Instruments Act, 1881. The Central Election Commission had announced that Lok Sabha elections will be held in five phases on April 19, April 26, May 7, May 13 and May 20. On April 8 itself, the NSE and BSE had announced a stock market holiday for the fifth phase of voting to be held in Mumbai on May 20.
Polling will be held in 13 Lok Sabha constituencies including Dhule, Dindori, Nashik, Palghar, Bhiwandi, Kalyan and Thane in the state on May 20.
According to the BSE website, the equity segment, equity derivatives segment and SLB segment will remain closed on May 20. A circular issued by the NSE said that there will be a holiday for trading on Monday, May 20 due to the Lok Sabha elections in Mumbai. There will be no trading in Equity, Equity Derivatives and Securities Lending and Borrowing segments on this day. Members should note this.
According to information on the BSE and NSE websites, the Indian stock market will resume normal trading at 9:15 am on Tuesday, May 21, after a fifteen-minute pre-opening session starting at 9 am.
The Multi Commodity Exchange of India Limited (MCX) will also be closed on Monday for trading in morning sessions i.e. from 9 am to 5 pm.
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