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Bhai Tika

Nepal
About This Indicator

About This Indicator

Description

Bhai Tika is a prominent Hindu festival celebrated in Nepal on the final day of the Tihar festival, honoring the sacred bond between brothers and sisters. It is observed as a national public holiday, resulting in the closure of the Nepal Stock Exchange (NEPSE) and all banking institutions. The festival emphasizes social cohesion and traditional values, leading to a temporary halt in domestic economic data releases. International investors in Nepalese markets should account for this closure in their settlement cycles.

Methodology

The date is determined by the Hindu lunar calendar, specifically the second lunar day of the Shukla Paksha in the month of Kartik.

No historical data available

Source · Central Bank — NPView Source