Holiday List- BSE, NSE, MCX, and Banking Holidays
Holidays are essential as they help us take out time for our family and loved ones. All of us work hard throughout the year and wait eagerly for the holidays.
Having information about official holidays helps us in planning the important events of our lives like a family function, a vacation, or any other event like a medical requirement.
Here is the list of holidays specifically for March 2020 for different trading platforms, including NSE, BSE, MCX, and bank holidays. You can consider this list before planning your next vacation or family outing.
Trading Holidays for BSE & NSE
Here is the detailed list for the equity trading exchanges in India, including NSE & BSE.
Trading Holidays for MCX & NCDEX
Banking Holidays- March
NSE or National Stock Exchange is a Mumbai based stock exchange. It was established in the year 1992 as a demutualized electronic exchange. NSE is India’s first largest exchange in terms of turnover. The electronic screen-based trading was launched in the year 1994. In 2000 NSE launched index futures and internet trading. NSE allows trading in the following segments:
- Mutual Funds
- Exchange-Traded Funds
- Security Lending and Borrowing Schemes
- Equity Derivatives
- Currency Derivatives
- Interest Rate Futures Debt
- Corporate Bonds
Main Functions of NSE
Main Functions of NSE include:
- To establish a nationwide trading facility for equities, debts, and other instruments.
- To provide a fair, efficient, and transparent securities market to the investors through electronic trading systems.
- To ensure equal access to investors across the country with an appropriate network of communication.
- To enable a shorter settlement cycle.
- To meet current international standards of the securities market.
The first and the largest securities market in India, called BSE or the Bombay Stock Exchange, was established in the year 1875 and is located in Mumbai, Maharashtra.
Earlier known as the Native Share and Stock Brokers’ Association, the BSE list closes to 6,000 companies making it one of the largest exchanges in the world.
Important Functions of BSE
- To provide liquidity and marketability to existing securities
- To monitor the pricing of securities
- To ensure the safety of transactions
- To contribute to the economic growth of the country
- To spread equity cult
- To provide scope for speculations
MCX or Multi-Commodity Exchange is an Indian exchange where commodities are traded. It facilitates online trading, settlement, and clearing of commodity futures transactions, thereby providing a platform for risk management. The exchange was established in 2003 under the regulatory framework of FMC.
Commodities that can be traded on MCX
- Base Metals
- Agro Commodities
The National Commodity and Derivatives Exchange Limited or NCDEX was established in the year 2003 and is an Indian public company. It facilitates trading in soft commodities, unlike MCX, that supports trading in hard commodities.
NCDEX has advanced technology to conduct its operations. Such as the N-charts, a free technical analysis tool for all its users, and a proprietary warehouse accounting system called COMTRACK.