Investors and traders in the Indian equity market will find both the BSE and the NSE closed for the day. This means that there will be no trading activities conducted on these leading stock exchanges throughout the day. The closure aligns with the holiday schedule released by both exchanges earlier, designating April 17 as a non-trading day for Ram Navami.

Understanding the Trading Holidays Schedule

The official calendar of trading holidays provided by the BSE and the NSE indicated April 17, 2024, as a holiday for Ram Navami well in advance. As a result, market participants were aware that trading activities would cease on this day, allowing them to plan their investment strategies accordingly.

Closure of Specific Market Segments

The closure of the stock exchanges impacts various segments of the market. The Equity Segment, Equity Derivative Segment, SLB Segment, Currency Derivatives Segment, and Interest Rate Derivatives segments are all closed for trading on this holiday. This closure applies to both the BSE and the NSE.

Partial Closure on MCX

While the Multi Commodity Exchange of India Limited (MCX) is also observing the holiday, there is a partial closure for the Commodity Derivative Segment. Trading in this segment will be closed only for the morning session, with the evening session remaining operational.

Next Trading Holiday in May

After today’s holiday for Ram Navami, the next trading holiday in April 2024 falls on May 1, which is Maharashtra Day. Following that, there will be another trading holiday on May 20 due to the Lok Sabha elections taking place in Mumbai.

Market Performance on Tuesday

In the recent trading sessions leading up to the holiday, the Indian stock market indices, namely the Sensex and the Nifty 50, experienced losses for the third consecutive day. On Tuesday, these indices ended over half a percent lower amidst weak global cues.

Impact of Global Factors

The decline in the Indian stock market was influenced by various global factors, including tensions in the Middle-East region due to the Iran-Israel conflict. Additionally, factors such as the strengthening of the US dollar and rising US Treasury yields contributed to the negative sentiment in the market.

Foreign Institutional Investors Activity

Foreign Institutional Investors (FIIs) were observed net selling Indian shares worth ₹4,468.09 crore on Tuesday, while Domestic Institutional Investors (DIIs) net purchased shares amounting to ₹2,040.38 crore. These activities reflect the dynamic nature of investor behavior in response to global and domestic developments.

As investors await the reopening of the stock exchanges after the holiday, they will closely monitor market developments and global events for potential impacts on trading sentiment. With the next trading holiday scheduled in May, market participants will strategize their investment decisions accordingly.

Read more: Marketing NewsAdvertising News, PR and Finance NewsDigital News



Saiba Verma, an accomplished editor with a focus on finance and market trends, contributes to Atom News with a dedication to providing insightful and accurate business news. Saiba Verma analytical approach adds depth to our coverage, keeping our audience well-informed.