Dussehra, also known as Vijayadashami, marks the triumph of good over evil, with the day being celebrated with great enthusiasm and fervor across the country. It is believed to symbolize the victory of Lord Rama over the demon king Ravana, and the burning of Ravana’s effigy is a common tradition during this festival.
Source:- bussines todayDuring market holidays, trading activities come to a halt. This includes stock trading, derivatives trading, and currency trading. Investors and traders can’t place new orders or engage in any market transactions. It also means that the stock indices won’t experience any changes in their values until the markets reopen.
Source:- cnbc avazMarket holidays provide a brief respite for investors and traders who are otherwise constantly monitoring market movements and making trading decisions. It offers them an opportunity to relax and recharge, spending quality time with their families.
It’s worth noting that while the physical trading floors may be closed, electronic and online trading systems still facilitate order placements and executions, albeit with limitations. These systems can be used for placing orders during market holidays, but the actual execution may occur once the markets reopen.
In summary, the closure of the BSE and NSE on Dussehra reflects the cultural and religious diversity of India, where traditions and festivals are an integral part of life. This temporary pause in market activities allows participants to partake in the festivities, reinforcing the importance of work-life balance in the financial world
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