Stock markets to stay open on Budget day
21 Feb 2015 10:49 PM GMT
Stock markets will remain open on the Budget day, February 28, and trading would be conducted during normal hours from 9 am to 3.30 pm, despite it being a Saturday.
Capital markets regulator Sebi on Friday asked the nation’s stock exchanges, including the BSE and the NSE, to keep the markets open on Budget day, following requests made in this regard.
This is probably the first time in many years that the Union Budget is being presented on a Saturday.
The stock markets are generally closed on Saturdays and Sundays, except for special circumstances.
As the Budget contains several market-moving announcements, market participants, including the stock exchanges, had requested Sebi and the government to keep markets open on February 28, when Finance Minister Arun Jaitley will present his full Budget.
Capital markets regulator Sebi on Friday asked the nation’s stock exchanges, including the BSE and the NSE, to keep the markets open on Budget day, following requests made in this regard.
This is probably the first time in many years that the Union Budget is being presented on a Saturday.
The stock markets are generally closed on Saturdays and Sundays, except for special circumstances.
As the Budget contains several market-moving announcements, market participants, including the stock exchanges, had requested Sebi and the government to keep markets open on February 28, when Finance Minister Arun Jaitley will present his full Budget.
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