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Banks shut for next 2 days: Will it impact your trades?


NEW DELHI: Two bank holidays and one market holiday are likely to impact how you trade this week.
April 13 is a settlement holiday on account of Gudi Padwa, said brokers. A settlement holiday is a day when trading is possible but clearing and settlement are closed for the pay-in and pay-out of stocks and funds.
On April 14, the financial market as well as banks will be closed on account of Ambedkar Jayanti. Hence, settlement will not take place on that day either.
In short, investors purchasing shares on Monday will not be able to sell them the next day (even though the market is open). ....

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