Lucknow Wealth Management：Ayodhya Ram Mandir consecration： Are stock markets, banks open today？ Find out what's closed

ALSO READ-

On Monday, January 22, the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will remain closed due to a public holiday declared in Maharashtra for the Ram temple consecration ceremony.

Market activities are set to resume on Tuesday. In the previous trading session, the Nifty 50 closed down 0.23 per cent at 21,571, while the S&P BSE Sensex fell 0.4 per cent to 71,423.65, influenced by losses in information technology stocks and Hindustan Unilever.

ALSO READ-

Public sector banks and regional rural banks, as per the Ministry of Finance's order issued on January 18, will observe a half-day off on January 22 for the Ram temple consecration ceremony.Lucknow Wealth Management

Major private sector banks such as HDFC Bank and Axis Bank will remain closed in Uttar Pradesh, with HDFC Bank observing a full-day closure in UP and Uttarakhand.

FOLLOW-

The Reserve Bank of India (RBI) announced the closure of money markets on Monday due to the Pran Pratishtha ceremony at the Ram Mandir. This decision follows the Maharashtra government's declaration of January 22 as a public holiday. All transactions and settlements in government securities, foreign exchange, money markets, and Rupee Interest Rate Derivatives on this day will be postponed until Tuesday.

The 3-day variable rate repo auction scheduled earlier is cancelled, and a two-day VRR auction will be conducted on Tuesday. The RBI also mentioned an extra issue each of Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) with reversal on January 23, 2024.

ALSO READ- How does Ram Mandir look from space? ISRO satellite captures imageLucknow Stock

Udabur Investment