The Indian stock market will be closed for trading on Monday, March 25 due to the celebration of Holi. Next week, the market will have only three trading sessions, as exchanges will also be closed on Friday, March 29 for Good Friday as well.
On Monday, trading at the country’s largest non-agricultural commodity market, the Multi Commodity Exchange (MCX), will be closed during the morning session from 9 am to 5 pm but will resume during the evening session from 5 pm to 9 pm. However, there will be no trading for the agro-commodity index on that day.
Also Read: Stock market holidays in March 2024: BSE, NSE to remain closed on Holi, Good Friday
Both MCX and NCDEX will also observe trading close on Friday.
According to the BSE holiday calendar, there are 14 business holidays scheduled for 2024. Earlier, the markets were closed on January 26 for Republic Day and March 8 for Shivratri.
Stock markets will be closed twice in April, once each in May, June, July, August, October and December, and twice in November. On November 1, Friday, Diwali (Laxmi Pujan) will be observed, and Muhurat Trading will be done by the exchanges. The timings for Muhurat Trading will be announced later.
Stock market holidays 2024
According to the 2024 stock market holiday schedule, Good Friday marks the final holiday for March. April 2024 will see two stock market holidays: April 11 and 17. On April 11, the Indian stock market observes a holiday for Eid-Ul-Fitr (Ramzan Eid), while both NSE and BSE will be closed on April 17 for the Ram Navami celebration.
Also Read: Week Ahead: Macro data, F&O expiry, global cues among key market triggers this week
Last Friday, domestic stocks rose along with the global rise after decisions by the US and UK central banks to maintain interest rates. Despite a sluggish start, the Nifty 50 index gradually climbed, ending the day with a gain of 85 points (+0.4%) at the 22097 mark. The broader market also closed positively, with all sectors except IT registering gains. Among the top performers were Auto, Pharma, and Realty. However, the IT sector experienced some selling pressure following a downward revision of US technology giant Accenture’s revenue forecasts for FY24. Accenture adjusted its full-year revenue growth outlook to a range of 1 percent to 3 percent, down from the earlier projection of 2 percent to 5 percent.
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Published: 24 Mar 2024, 11:13 IST