BSE, NSE settlement holiday on 16 Aug, share trading to remain open; check what happens to this week’s trades

BSE, NSE settlement holiday on 16 Aug, share trading to remain open; check what happens to this week’s trades

Stock exchange clearing houses mark settlement holiday on Tuesday, 16 August 2022, on account of Parsi New Year. On settlement holiday, trading in equity markets takes place as usual, but clearing and settlement remain shut for Payin and Payout of stocks and funds. It may be noted that the trading holiday is different from the settlement holiday: in the case of the former, stock markets remain closed and no trading takes place. Next week, Indian stock markets will observe a trading holiday too on Monday, 15 August 2022, on account of the Independence Day.

Also read: HDFC – HDFC Bank merger may result in Rs 48000 crore fund flows, see 14% of index weight re-adjusted

Also read: Elon Musk sells Tesla shares worth $6.7 billion, months after saying he won’t sell more

List of remaining trading and settlement holidays in 2022

15 August 2022 (Monday): India’s Independence Day

16 August 2022 (Tuesday): Parsi New Year

31 August 2022 (Wednesday): Ganesh Chaturthi

5 October 2022 (Wednesday): Dussehra

24 October 2022 (Monday): Diwali Laxmi Pujan

26 October 2022 (Wednesday): Diwali Balipratipada

8 November 2022 (Tuesday): Gurunanak Jayanti

Indian stock markets would remain open on Friday, 12 August 2022. The stock markets will observe 3-day holidays from 13-15 August on account of Saturday, Sunday and India’s 75th Independence Day. When trading, investors must keep the settlement holiday list in mind in order to avoid any confusion regarding the calculation of settlement days for their respective trading transactions into their Demat accounts.