Bombay Stock Exchange, BSE Holidays

BSE or the Bombay Stock Exchange is the premier stock exchange operating in India.  The oldest stock exchange in Asia and the third biggest in the world, the BSE was established in 1875 by Premchand Roychand. The BSE is also the first stock exchange to be recognised in 1956, by the Indian government under the Securities Contracts Regulation Act. The exchange is the fastest in the world with a speed of 6 microseconds and is known for its efficient capital-raising platform. But before you trade on this exchange check out the list of BSE trading holidays.

BSE Offerings

BSE provides an efficient and transparent market for trading in equity, debt, and derivatives. Present in nearly 400 cities and towns, the BSE is the first exchange in India and the second in the world to obtain an ISO 9001:2000 certification. It is also the first exchange in the country and second in the world to receive Information Security Management System Standard BS 7799-2-2002 certification for its BSE On-line Trading System (BOLT).

The exchange offers several attractive trading opportunities.

• BSE also offers India’s largest SME platform with over 250 companies listed on it. It also offers the country’s largest online mutual fund platforms that process over 27 lakh transactions per month while adding almost 2 lakh new SIPs every month.
•  The BSE also offers trading in commodity derivatives including gold and silver.
• Another attractive offering of the BSE is the BSE bond for the private placement of debt securities.  
• BSE has also launched India INX, the country’s 1^st International exchange in Ahmedabad.
• All trades executed on the BSE trading platform are cleared by the Indian Clearing Corporation Ltd, a wholly-owned subsidiary of the exchange. The subsidiary guarantees the settlement of all bonafide trades executed.

BSE’s equity Index- the S&P BSE Sensex is traded internationally on the EUREX and other leading exchanges of the BRCS Nations that include Brazil, Russia, China, and South Africa.

The exchange generally works the whole week except Saturdays and Sundays. It also announces its BSE trading holidays list for which a separate circular is issued in advance.

BSE Market Timings and Trading Holidays 2023

The BSE is open Monday to Friday from 9.15 AM to 3.30 PM India Standard Time. The exchange does not close for lunch and so is open for 6 hours and 15 minutes on weekdays. The timings for extended hours trading are mentioned below:

Pre-Trading Session Timings

• 9.00 AM to 9.15 AM

Post-Trading Session Timings

• 3.40 PM to 4.00 PM

The exchange may alter, extend, advance, or reduce the trading hours when it deems fit and necessary. The exchange has announced 15 holidays for the equities, equity derivatives, and the SLB segments in 2023. These are in addition to the holidays on Saturdays and Sundays.

List of BSE Holidays for equities, equity derivatives, and the SLB segments (2023)

Some other trading holidays during 2023 are falling on weekends. These include:

• Maha Shivratri on 18^th February, Saturday.
• Id-UL-Fitr on 22^nd April, Saturday
• Moharram on 29^th July, Saturday and
• Diwali-Laxmi Pujan on 12^th November, Sunday.

This BSE holiday List 2023 is also applicable to the Commodity Derivatives Segment and Electronic Gold Receipts (EGR) Segments. However, trading in the evening sessions between 5.00 PM and 11.30/11.55 PM will be allowed for the commodity derivatives and EGR segments. The days when trading will not be allowed in both sessions are:

• Republic Day
• Good Friday
• Independence Day
• Mahatma Gandhi Jayanti and
• Christmas

Muhurat Trading shall be held on Diwali -Lakshmi Pujan day which is 12^th November. The timings of Muhurat trading will be notified at a later date. The exchange may change any of the abovementioned holidays but a separate circular shall be issued in advance for the same.

BSE India Holidays for Currency Derivatives Segments, New Debt Segment – Reporting, Settlement and Trading (NDS-RST) and Tri-Party Repo

No trading in the currency derivatives segments will be held for 19 days during 2023. While the 15 holidays are the same as the ones listed for the equity, equity derivatives and the SLB segments, four additional BSE market holidays have been listed out. These include

• Gudi Padwa- 22^nd March, Wednesday
• Maharashtra Day- 1^st May, Monday
• Budh Poornima- 5^th May, Friday
• Parsi New Year- 16^th August, Wednesday 

These 19 holidays are in addition to the holidays on Saturdays and Sundays.

 Awareness about the trading marketplaces such as the BSE and the NSE, the market holidays, the formalities to be completed including opening a demat account is must before you start stock market trading.

OPEN DEMAT ACCOUNT