Are stock markets closed on May 20 due to elections? Read to know more

May 20, 2024
are-stock-markets-closed-on-may-20-due-to-elections?-read-to-know-more

Stock markets close: Mumbai is undergoing the fifth phase of polls on May 20 due to which markets are shut as the exchanges operates from the financial capital of India.

Both the stock exchanges will remain shut on Monday, May 20 due to elections in Mumbai. Thirteen constituencies will go for polling which includes Mumbai South, Mumbai North-Central, Mumbai North, Mumbai, North-East, Mumbai North-West, and Mumbai South-Central. The trading is halted in the cash market as well as the F&O segment. 

During the Special trading session conducted on May 18, the Indian equity indices closed higher. The Nifty 50 advanced 36 points or 0.16% to settle the day’s trading at 22,502. Sensex rose 89 points or 0.12% to close the session at 74,006. 

The Nifty Midcap 100 hit its all-time high of 51,916.45 during the special trading session and closed 264.35 points or 0.51% higher at 51,869.25. Nifty Bank closed 83.85 points or 0.17% higher at 48,199.50. Media and realty stocks led the indices higher. In the broader market, smallcap and midcap stocks closed in the green. 

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