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The Indian indices and banks in many parts of the country will not be operational on Wednesday, December 25 on account of Christmas. Christmas is one of the biggest festivities observed by followers of Christianity.
Markets And Banks Are Closed
The Indian indices have had an eventual year, with ups and downs, crossing major milestones, and even dropping down from newly attained peaks. This noon-operational day would mark the last holiday at Dalal Street in 2024.
The markets will be operational for another four days in this calendar year, as it will come to a close on Tuesday, December 31.
Banks in India will also remain closed in most Indian territories on account of Christmas. In fact, in states like Mizoram, Nagaland and Meghalaya, the banks will remain closed from December 24 to December 26, reopening on December 27.
Markets Close Christmas Eve In Red
When we look at th performance of the Indian indices in the latest trading session on Christmas Eve, Tuesday, December 25, after making reasonable progress, the markets closed in the red.
BSE Sensex
The BSE Sensex saw a major slump in its value over the course of the day’s trade on Tuesday. After hitting the high of 78,877.36 points, the index quickly saw its value diminish as the day progressed.
By the end of the day’s trade, the BSE Sensex closed at 78,472.87, having declined by 0.086 per cent or 67.30 points.
Nifty 50
The story was no different at the NSE end, as the Nifty 50 index closed in red as well. Here, the decline observed is greater than what was witnessed by Sensex.
The Nifty Index after hitting the peak of 23,867.65 points, soon dropped in value.
The Nifty index eventually closed with a decline of 0.11 per cent or 25.80 points. This decrease in value took the overall value of the index to 23,727.65.
