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The Indian stock market will be closed for trading on Monday, March 25th due to Holi festival. Exchanges will also be closed on Friday, March 29th for Good Friday, so there will only be three trading sessions for the market next week.
On Monday, trading at the Multi Commodity Exchange (MCX), the country’s largest non-agricultural product market, will be closed for morning trading from 9 a.m. to 5 p.m., but evening trading from 5 p.m. to 9 p.m. will be resumed. However, agricultural products index trading will not be conducted on this day.
Also read: Stock market closure in March 2024: BSE, NSE to remain closed on Holi, Good Friday
MCX and NCDEX will also close on Friday.
According to the BSE holiday calendar, 14 trading holidays are scheduled for 2024. Earlier, the market was closed on January 26 for Republic Day and March 8 for Shivratri.
The stock market will be closed twice in April, once each in May, June, July, August, October, and December, and twice in November. Diwali festival (Lakshmi Pujan) will be held on Friday, November 1st, and muhurat transactions will be conducted by exchanges. The timing of the Muhurat transaction will be announced at a later date.
Stock market holidays in 2024
According to the stock market holiday schedule for 2024, Good Friday will be the last holiday in March. In April 2024, the stock market will be closed twice on April 11th and April 17th. On April 11th, the Indian stock market will celebrate Eid-ul-Fitr (Ramzan Eid), and the NSE and BSE will be closed on April 17th for Ram Navami festival.
Also read: Macro data, F&O deadlines and global cues for this week’s key market triggers
Last Friday, domestic stocks soared in line with the global uptrend following the decision by the US and UK central banks to maintain interest rates. Despite a slow start, the Nifty 50 index gradually rose, rising by 85 points (+0.4%) to end the day at 22097 points. The broader market also closed on a positive note, with all sectors except IT recording gains. Top performers included automobiles, pharmaceuticals, and real estate. However, the IT sector came under some selling pressure after US tech giant Accenture cut its FY24 earnings forecast. Accenture has revised its full-year sales growth outlook to a range of 1-3% from its previous forecast of 2-5%.
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