On the occasion of Buddha Purnima, there is a holiday of Basti on 16 May 2022. A settlement holiday is a day when trading is possible, but clearing and settlement are closed for the settlement and payment of stocks and funds.
If there is intraday profit in equity segment on 12th and 13th May, then the investors’ account balance will not include the following credits as on 16th May 2022. Credits from trades made in Equity Futures & Options (F&O), Currency and Commodity Derivatives as on 31st May. This will include option premium credit, futures M2M profit etc. India’s debt, forex / money markets are also closed today.
During this, stock market today The Sensex opened on a positive note on Monday with a gain of 500 points in opening deals, while the Nifty 50 rose almost 172 points to close to the 16,000-mark.
According to analysts, global trends, Wholesale Price Index (WPI) inflation data for the month of April and current quarter earnings of corporates will be the key driving factors for the stock markets. Investors will also keep an eye on the movement of foreign institutional investors, who have been selling in the domestic equity market for the past several days.