Stock market: Public holiday today due to Buddha Purnima. What investors need to know

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On the account of Buddha Purnima, May 16, 2022 is a public holiday. A settlement holiday is a day when trading is possible, but clearing and settlement are closed for payment and payment of shares and funds.

Investors’ account balance will not include the following credits on May 16, 2022 if intraday profits made in the equity segment on May 12 and 13. Credits from trades in equity futures and options (F&O), currency and commodity derivatives on May 31. This will include option premium credits, M2M futures profits, etc. India’s debt, foreign exchange and currency markets are also closed today.

Meanwhile, the stock market opened today on a positive note on Monday with Sensex jumping over 500 points to 53,332 in early trades while the Nifty 50 climbed around 172 points to approach the 16 mark. 000.

Global trends, Wholesale Price Index (WPI) inflation data for the month of April and ongoing quarterly corporate earnings would be the main drivers for stock markets, analysts said. Investors would also keep an eye on the movement of foreign institutional investors who have been selling in the domestic stock market for several days.

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