Bank Holiday On August 13: Why Are Banks Closed On Wednesday? Is It Stock Market Holiday Too?

Indian banks will be closed in the northeast region of the country due to the celebration of Patriots' Day in Manipur on Wednesday, August 13. This also means that banks will be opened in other regions. Will the Indian stock market be open or closed for trading on this day?

Bank Holiday On August 13:

As per the RBI's holiday list, banks will be closed in Imphal on Wednesday, August 13. This holiday falls under the Negotiable Instruments Act category. However, in the rest of India, banks will be open.

During holidays, financial transactions that require a visit to bank branches will not be possible since banks will be closed. However, online banking services like net banking, Google Pay, Paytm, and BharatPe will all be working as normal. Also, ATM services are fully operational on bank holidays.

Stock Market Holiday?

As per the BSE and NSE list of holidays for August 2025, trading in equity, equity derivatives, derivatives, bonds, commodities, forex and other market-related instruments will be opened on BSE and NSE on Wednesday.

Hence, there are no stock market holidays on August 13.

Sensex, Nifty:

After market hours of August 12, Sensex closed at 80,235.59, down by 368.49 points or 0.46%. The Nifty 50 plunged by 97.65 points or 0.40% to end at 24,487.40.

As per Ajit Mishra - SVP, Research, Religare Broking, this decline reflects a lack of conviction among participants amid mixed cues, and the bias is likely to turn positive only if the Nifty decisively sustains above 24,600, its 100 DEMA. Meanwhile, select stocks across sectors are showing notable strength on the back of strong earnings and upbeat prospects. Participants should focus on these outperformers and avoid laggards while anticipating a rebound.

Sensex, Nifty Prediction For August 13:

"We are of the view that the current market texture is non-directional; hence, level-based trading would be the ideal strategy for day traders. On the higher side, 24,570/80500 would act as a immediate resistance zone. Above this level, the market could bounce back up to 24,700-24,775/81000-81200," said Shrikant Chouhan, Head Equity Research, Kotak Securities.

The analyst added, "On the lower side, below 24,420/80000, selling pressure is likely to accelerate. Below this level, the market could retest the levels of 24350-24250/79800-79500.

Manipur Patroit Day 2025:

The Anglo-Manipuri War of 1891 is one of the most important events in the history of Manipur. In the war against the British colonial expansion, many martyrs of the tiny kingdom of Manipur laid down their lives to save the dignity, honour and sovereignty of their motherland despite the inevitable defeat against the mighty empire of the British. After the graceful defeat at the Battle of Khongjom, where the Manipuri armies fought gallantly under Major Paona Brajabashi, Manipur lost its sovereignty to the British. And, on the fateful day of 13th August 1891, martyrs of Manipur- Yubraj Tikendrajit, Thangal General, were hanged in front of the public at Pheidabung, presently known as Bir Tikendrajit Park. That was one of the most shocking incidents the people of Manipur witnessed in their history. Patriots' Day is observed every year on August 13 with the highest kind of tribute and honour the Manipuris can pay to those martyrs in remembrance of their bravery and love of their motherland, as per the government's website.