Today is a holiday in the stock market after the special Muhurat trading session of Diwali. Both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will remain closed on Wednesday, October 22, because Diwali Balipratipada will be celebrated today. Regular business will resume on Thursday 23 October.
Banks are also going to remain closed in many states. Banks will remain closed in many states today, Wednesday, October 22, as part of the extended calendar of Diwali holidays. Today’s bank holiday is due to Govardhan Puja, Bali Pratipada and Vikram Samvat New Year in states like Gujarat. This festival comes after Diwali and is important in Hindu traditions.
Today stock market holiday in
The stock market was closed on Tuesday due to Diwali and now only two holidays are left this year. One on 5th November on Guru Nanak Jayanti and the other on 25th December on Christmas. The stock market is going to remain closed on both these days also.
Banks also closed in 8 states
According to RBI regional holidays, the states to remain closed today include Gujarat, Maharashtra, Karnataka, Uttarakhand, Sikkim, Rajasthan, Uttar Pradesh and Bihar. These holidays will impact physical banking services like check clearance, cash handling and functioning in branches.
Let us tell you that the festive week started with Dhanteras on 18th October, followed by Diwali Amavasya and Lakshmi Puja on 21st October and in select states it is going to continue till Bhai Dooj (23rd October) and Chhath Puja (27-28th October).
On which days will banks remain closed?
23 October: Bhai Dooj, Chitragupta Jayanti – will be celebrated in Gujarat, Sikkim, Manipur, UP, West Bengal, Himachal Pradesh.
27-28 October: Chhath Puja – will be celebrated in West Bengal, Bihar, Jharkhand.
31 October: Birth anniversary of Sardar Vallabhbhai Patel – will be celebrated in Gujarat.
Why is Diwali Balipratipada celebrated?
Diwali Balipratipada, also known as Govardhan Puja or Padwa, is celebrated a day after Diwali. This festival is dedicated to King Bali, who was known for his devotion and generosity. According to mythology, Lord Vishnu in his Vaman incarnation had given a boon to King Bali to meet his subjects once every year. This day marks his arrival and symbolizes renewal, prosperity and the victory of humility and good governance over ego-greed.
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