December 23rd 2024.
There's some exciting news for traders and investors! The stock markets will continue their usual operations on February 1, a Saturday, despite being a non-trading day. This is in light of the upcoming presentation of the Union Budget by Finance Minister Nirmala Sitharaman. The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have confirmed that trading will be open on this day, marking a rare occurrence as markets are typically closed on weekends.
For those unfamiliar, the Union Budget is an annual financial statement that outlines the government's revenue and expenditure for the upcoming fiscal year. This year, the budget will be presented on February 1 for the 2025-26 financial year. In anticipation of this event, the BSE and NSE have issued circulars stating that trading will be conducted during the usual hours of 9.15 am to 3.30 pm.
Interestingly, this is not the first time that markets have remained open on a Saturday for the Union Budget. In fact, it has happened twice before, in 2020 and 2015, both of which were also Saturdays. This is a testament to the significance of the budget and its impact on the financial market.
It is worth noting that ever since the budget presentation timings were changed from 5pm to 11am in 2001, the stock markets have always been open during their regular hours. This decision was made to allow for better analysis and reaction to the budget's announcements. As a result, traders and investors can expect to conduct their usual activities on February 1, all while keeping an eye out for any major changes that may affect their portfolios.
So mark your calendars and get ready for an eventful trading day on February 1! The stock markets will be open and buzzing with activity as we eagerly await the Union Budget for the 2025-26 financial year. Keep an eye out for any developments and let's see what the budget has in store for us. This is definitely a day that we don't want to miss.
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