Maharashtra is gearing up to celebrate Gudi Padwa on March 19, the annual spring festival marking the start of the new year for Marathi and Konkani Hindus. Every year, Gudi Padwa is celebrated with much pomp and show across Maharashtra and Goa.
On this day, families celebrate the occasion by preparing feasts, wearing new clothes, exchanging gifts and hoisting a traditional Gudi flag. "Gudi" refers to the flag, while "Padwa" comes from the Sanskrit word pratipada, meaning the first day of a lunar fortnight.
To mark the day, a public holiday is declared in Maharashtra and Goa to allow people to celebrate the festival with their friends and families. As a result, schools, colleges, banks, government offices, post offices and other institutions remain closed on this day.
This has led to confusion among investors if the holiday is also applicable to NSE and BSE, both of which are based in Mumbai.
Are Stock Markets Closed On March 19?
According to the holiday calendar shared by the NSE, no trading holiday will be observed on Gudi Padwa. This means that investors will be able to execute trades as usual. However, a settlement holiday has been declared on this day. This means that the stocks purchased on Wednesday, March 18, will not be available for sale on Thursday, March 19. Instead, the settlement will occur on Friday, March 20.
Additionally, sale proceeds of stocks sold on Wednesday, March 18, will be available on Friday, March 20. Fund withdrawal requests placed after 5:30 p.m. on March 18 will also be credited by March 20. For MTF stocks bought on Wednesday, March 18, these will not appear in permanent positions and cannot be sold on Thursday, March 19. Fund withdrawals or credits from intraday profits, options premiums and marked-to-market gains will be credited and visible in accounts by Friday, March 20.
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Market Timings In India:
Trading on the equities segment takes place on all days of the week (except Saturdays and Sundays and holidays declared by the Exchange in advance). The market timings of the equities segment are:
A) Pre-open session
Order entry & modification Open: 09:00 a.m.
Order entry & modification Close: 09:08 a.m.
*with random closure at the last minute. Pre-open order matching starts immediately after close of pre-open order entry.
B) Regular trading session
Normal / Limited Physical Market Open: 09:15 a.m.
Normal / Limited Physical Market Close: 15:30 p.m.
C) Closing session
The Closing session is held between 15.40 p.m. and 16.00 p.m.
D) Block Deal session Timings:
Morning Window: This window shall operate between 08:45 a.m. to 09:00 a.m.
Afternoon Window: This window shall operate between 02:05 p.m. to 2:20 p.m.
ALSO READ: Gudi Padwa, Ugadi 2026 Bank Holiday: Are Banks Closed On March 19 In Your State?
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