In May 2024, both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) are set to observe two holidays. The first holiday falls on May 1, commemorating Maharashtra Day, which marks the formation of the state of Maharashtra on May 1, 1960, following the linguistic restructuring of Indian states. The second holiday, on May 20, is in correlation with the Lok Sabha Elections set to take place on that day across all six Lok Sabha seats in Mumbai during the fifth phase of the voting process.
The state of Maharashtra is actively participating in the Lok Sabha elections through the five phases. The voting for the seats began on April 19 and April 26, with the remaining constituencies scheduled for May 7, May 13, and May 20. The counting of votes for the Lok Sabha elections is slated for June 4, culminating the democratic process in the region.
The Lok Sabha elections in India kicked off in 2024, with a multistage voting process witnessing above-average turnouts. The initial voting phases recorded a turnout of approximately 65.5% and 63% in different regions, reflecting high public engagement in the democratic exercise.