Stock market holiday: In observance of Ram Navami, the Indian stock market is closed today, Wednesday, April 17. Since today is Ram Navami, the day that marks the birth anniversary of Lord Ram, both the major stock exchanges, the BSE and the National Stock Exchange (NSE), are closed, meaning that there will be no trading in the Indian equity market.
The BSE and NSE official websites have listed April 17, Wednesday, as a trading holiday in 2024 in honor of Ram Navami. Because the stock exchanges are closed today in the Indian share market, stock market investors should be aware that there will be no trading activity at the BSE and NSE.
The BSE reports that trading is closed today for the equity, equity derivatives, SLB, currency derivatives, and interest rate derivatives segments.
Only today's morning session will see the Commodity Derivative Segment on the Multi Commodity Exchange of India Limited (MCX) closed; the evening session will continue to be operational.
Commodity market trading on MCX will start this evening from 5 p.m. until 11:30 p.m. or 11:55 p.m.
The stock market holidays list for 2024, however, indicates that there won't be another trading holiday in April 2024; instead, May 1st, Maharashtra Day, will be the next stock market holiday.
May 2024 stock market holidays
In May 2024, there will be two stock market holidays. The first stock market holiday of May falls on May 1st, which is Maharashtra Day. The second stock market holiday of May is set for May 20th, which is the day of the Mumbai Lok Sabha election.
News on the Indian stock market
Amid weak global cues, the Indian stock market indices, Sensex and Nifty 50, closed Tuesday more than half a percent lower, extending losses for the third straight session.
The Nifty 50 was down 124.60 points, or 0.56%, to close at 22,147.90, while the Sensex fell 456.10 points, or 0.62%, to conclude at 72,943.68.
In the wider markets, the Nifty Midcap 100 index decreased by 0.09%, but the Nifty Smallcap 100 index beat the leaders and closed 0.75% ahead.
Read this: Today's stock market: Sensex and Nifty fall for the third straight session; IT stocks are among the top drags; mid-caps and small-caps do better
The confrontation between Iran and Israel, which is escalating tension in the Middle East, the strengthening US currency and US Treasury yields, as well as the relentless selling by Foreign Institutional Investors (FII), are the main causes of the decline in the Indian stock market.
According to provisional data available on the exchanges, on Tuesday, domestic institutional investors (DIIs) net-bought shares worth ₹2,040.38 crore, while foreign institutional investors (FIIs) net-sold Indian shares worth ₹4,468.09 crore.
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