Domestic stock exchanges, the Bombay Stock Exchange (BSE) and the National Exchange (NSE) will remain shut on Monday, January 22, 2024, in the wake of Ram Temple’s inauguration in Ayodhya, Uttar Pradesh. 

The Reserve Bank of India (RBI) and the bourses released statements notifying that the Maharashtra State Government has declared a public holiday on Monday on the occasion of ‘Pran Pratishtha’ in Ayodhya Ram Mandir under Section 25 of the Negotiable Instruments Act, 1881. 

Press releases by the NSE and BSE stated that there will be no action in the Equity Segment, Equity Derivative Segment, SLB Segment and Currency Derivatives Segments today. Trading will resume on Tuesday, January 23.

In the Commodity Derivatives Segment and Electronic Gold Receipts (EGR) Segment, trading will remain suspended on the Multi-Commodity Exchange (MCX) and National Commodity Exchange (NCDEX) in the morning session, i.e. from 9:00 AM to 5:00 PM, but it will resume in the evening session at 5:00 PM. 

RBI added that there will be no transactions and settlements in primary and secondary government securities, foreign exchange, money markets, and Rupee Interest Rate Derivatives on Monday, January 22, 2024. 

“Settlement of all outstanding transactions will accordingly get postponed to the next working day i.e., January 23, 2024 (Tuesday),” the RBI added.