Markets

Take that: 2019 has fewer market holidays

NEW DELHI: First, the good news. You have more than 10 market holidays waiting for you next year.

The bad news is the number of such holidays in 2019 stands at 15, which misses out by a whisker in comparison to 2018 which has a tally of 16.

It's less than 20 days to go when the new year kicks in. The fact is, it has been a challenging year for stocks as an asset class. With domestic indices offering zero-to-negative returns this year, investors are looking forward to 2019 and what it may hold.

But before all that, let's take a look at when you can breathe easy, hold a cup of tea and don't have to worry about Modi's reactions or Trump's tweets that can make or break the market's fortunes.

Interestingly, like all years, January 1 will be a trading day for stocks.

January or February will have no let-up, but March is a respite as it hands out two. The stock market will be shut on March 4 for Mahashivratri and on March 20 for Holi.

Other major holidays that'll fall in the middle of the year are Good Friday (April 19), Ramzan Id or Id-Ul-Fitr (June 5), Bakri Id or Id-Ul-Zua (August 12), Ganesh Chaturthi (September 2), Moharram (September 10) and Dussehra (October 8).

Diwali-Balipratipada falling on October 28, Guru Nanak Jayanti on November 12 and Christmas on December 25 bring up the year-end market holidays.

Original Article

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