Stock Market Holidays 2024: The Indian stock market ended the November month on a mixed note, with Nifty 50 underperforming Sensex. With the first trading session of December 2024 to commence from Monday onward, it is important to know when trading on BSE and NSE is opened or closed to not miss out on market trends and opportunity. The December month is packed with Christmas and New Year’s seasons. However, the Indian stock market will be closed for only 11 days, and the majority of them are weekends.

Stock Market Holidays December 2024:

In December, there will be only one special holiday and that is for Christmas celebration on December 25th.

Christmas is an annual festival commemorating the birth of Jesus Christ, observed primarily on December 25 as a religious and cultural celebration among billions of people around the world. It is a feast central to Christianity. Christmas Day is a public holiday in many countries, is celebrated religiously by a majority of Christians, as well as culturally by many non-Christians, and forms an integral part of the holiday season surrounding it, as per Wikipedia.

The rest of the dates when the stock market will be closed are – December 1st, 7th, 8th, 14th, 15th, 21st, 22nd, 28th and 29th. These dates are Saturdays and Sundays which are default holidays for the stock market.

On November 29, which is the last trading day of November 2024, Sensex surged by 759.05 points or 0.96% to close at 79,802.79. While Nifty 50 finished at 24,131.10, higher by 216.95 points or 0.91%. Meanwhile, Bank Nifty regained over 52,000 mark to close at 52,055.60. Except for realty and PSU bank stocks, all other sectoral indices were on a positive note. Healthcare, oil and gas, media, auto and metal stocks were top bulls.

Overall, despite the latest surge, Sensex ended the trading week of November 25-29, down by 379.35 points or 0.47%, while Nifty 50 slipped by 180.35 points or 0.74% underperforming its counterpart.

Meanwhile, in November 2024 month, overall, Nifty ended lower by 74.25 points or 0.31%, while Sensex finished higher by 413.73 points or 0.52%.

What To Expect From the Market Next Week?

Palka Arora Chopra, Director of Master Capital Services said, the outlook for the market will be guided by the major domestic and global economic data such as India Nikkei S&P Global Manufacturing PMI (Nov), India Nikkei Services PMI (Nov), India Interest Rate Decision, US S&P Global Composite PMI (Nov), US Manufacturing PMI (Nov), US ISM Non-Manufacturing PMI (Nov), US Services PMI (Nov), US JOLTS Job Openings (Oct), US Nonfarm Payrolls (Nov), US Initial Jobless Claims, US Unemployment Rate (Nov).

Giving a technical view, Arora said, that Nifty 50 closed above the 21-day EMA, respecting the 23,800 level as support, and ended positive for the second consecutive week. The 23,800-23,850 zone remains a crucial support; a breach below this could trigger a fall toward 23,400. On the upside, breaking above 24,300 may initiate a fresh rally toward 24,800. The current trend suggests a “buy on dips” approach, with key levels guiding traders for entry and exit. Maintaining support above 23,800 is critical to sustain the bullish momentum.

On Bank Nifty, the analyst said, the index respects the 51,750-51,850 support zone, suggesting a “buy on dips” approach until trading above this level. A breach below could lead to a sharp fall toward 51,100. On the upside, 52,400 acts as resistance; crossing this level could drive the index to 53,000. Maintaining support above 51,750 is critical to sustain bullish momentum, with traders eyeing key levels for directional cues.