Finance Minister Nirmala Sitharaman is scheduled to present her second budget on February 1. It is Saturday on this day, but the stock market will remain open. Apart from this, the market is usually closed on Saturday and Sunday, but BSE and NSE can remain open on this day due to the presentation of the budget.
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Prime Minister Narendra Modi is meeting again and again with well-known economists of the country. On Thursday also, PM Modi had a meeting with the chairman of NITI Aayog, industry officials. In the same meeting, several important issues related to advancing the economy of the country were discussed. Besides, Nirmala Sitharaman has already indicated that personal income tax may be cut. Apart from this, the stock market is also looking at the relief in long-term capital gains (LTCG) from equity investment.
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This weekend there are seven holidays, so the stock traders on Dalal Street may get five holidays less in 2020 as compared to the previous year. In total, BSE and NSE have 12 holidays in 2020, excluding weekends. There is no separate holiday in the stock market this month. The market will remain closed due to Mahashivratri on the 21st of February.
