Diwali 2024: From stock market, banks and schools to liquor shops, what’s open & what’s closed on October 31?

Diwali 2024: The festival of lights, also known as Deepawali, is being celebrated across India on October 31. The chief priest of Shri Ram Janmabhoomi Temple in Ayodhya, Acharya Satyendra Maharaj, in an interview with ANI, cleared the confusion regarding the exact date of the festival. According to Drik Panchang also, the festival falls on the same date. As devotees gear up for festivities on Thursday, it’s time to look at what will open and what will stay shut on October 31.

Stock market

On Thursday, October 31, Indian equity markets will open for trading, even though Diwali celebrations are scheduled for that day. Notably, the stock market will observe a holiday in the currency and derivative segments on Friday, November 1, but the commodity derivatives segment will open for a brief period in the evening during Muhurat Trading time, as per the BSE holiday calendar. The Muhurat Trading time begins at 6:00 pm and ends at 7.00 pm on Friday, according to the BSE and NSE.

Liquor shops

Delhi’s liquor shops will be closed on October 31, according to the government of the national capital territory of Delhi.

Schools

The national capital will observe a holiday on October 31 for all educational institutions, including schools and colleges. The Uttar Pradesh government announced a two-day holiday for schools on October 31 and November 1 on the occasion of Diwali.

Diwali Bank Holiday 2024

Given below is the list of states marking the Diwali holiday on the following days:

October 31

Banks will remain closed on Thursday in Andhra Pradesh, Goa, Karnataka, Kerala, Puducherry, Telangana, Tamil Nadu, Delhi, Uttar Pradesh, and West Bengal. However, they will remain open in Tripura, Maharashtra, Uttarakhand, Sikkim, Manipur, Jammu, Kashmir, and Meghalaya.

November 1

Banks will remain closed on Friday in Tripura, Karnataka, Uttarakhand, Jammu & Kashmir, Maharashtra, Meghalaya, Sikkim, and Manipur due to Deepavali celebrations, Kut Festival, and Kannada Rajyotsava.

November 2

Banks will remain closed on Saturday in Gujarat, Maharashtra, Karnataka, Uttarakhand, Sikkim, Rajasthan, and Uttar Pradesh for Diwali (Bali Pratipada)/Balipadyami/Laxmi Puja (Deepawali)/Govardhan Pooja/Vikram Samvant New Year Day.

Extended Diwali holidays

Some states will observe extended bank holidays on the occasion of the Diwali festival. Banks will remain closed for four consecutive days in two states, Karnataka and Maharashtra, from Thursday, October 31, to Sunday, November 3. In Uttarakhand and Sikkim, banks will be closed for three consecutive days from November 1 to November 3 (Sunday).

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Aniket Pujari

Aniket Pujari is a visionary entrepreneur and dedicated content creator who has made significant contributions to the digital media landscape. As the founder of Minute To Know News, he has established himself as a leading figure in the world of finance, cryptocurrencies, and Internet-related topics.

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