Business

Are stock markets closed on May 20 due to elections- Read to know more

Stock Market Holiday: Both the stock exchanges will remain shut on Monday, May 20 due to elections in Mumbai. Thirteen constituencies will go for polling which includes Mumbai South, Mumbai North-Central, Mumbai North, Mumbai, North-East, Mumbai North-West, and Mumbai South-Central. The trading is halted in the cash market as well as the F&O segment. 

During the Special trading session conducted on May 18, the Indian equity indices closed higher. The Nifty 50 advanced 36 points or 0.16% to settle the day’s trading at 22,502. Sensex rose 89 points or 0.12% to close the session at 74,006. 

The Nifty Midcap 100 hit its all-time high of 51,916.45 during the special trading session and closed 264.35 points or 0.51% higher at 51,869.25. Nifty Bank closed 83.85 points or 0.17% higher at 48,199.50. Media and realty stocks led the indices higher. In the broader market, smallcap and midcap stocks closed in the green. 

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