Is Stock Market Closed Today? BSE, NSE to Remain Closed Due to Good Friday

Stock Market Holiday: Stock exchanges BSE and NSE will be closed on Friday on the account of public holiday for Good Friday. Trading in Equity, Derivative and SLB Segments will remain suspended today. There will be no action in Currency Derivatives Segment and Interest Rate Derivatives segment as well. The market was also closed on Thursday for Dr Baba Saheb Ambedkar Jayanti, Mahavir Jayanti. In the previous session, both benchmark indices ended in red with Sensex closing 237.44 points, or 0.41 per cent down at 58,338.93, and the NSE Nifty 50 was down 54.60 points, or 0.31 per cent at 17,475.70. The stock market will now open again for trading on Monday.

Ajit Mishra, vice president of research, Religare Broking, said: โ€œWe have a long weekend ahead and markets will react to two major earnings i.e. Infosys and HDFC bank on Monday i.e. April 18. Besides, any major development on the global front in the next four days would also impact the sentiment.”

Giving a round-up of the week that it was, Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel One Ltd., said: โ€œDespite a promising close last Friday, our markets started the week on Monday on a tepid note owing to sluggish global cues. On the same day, the Nifty consolidated for the major part with the hint of some weakness to close below 17,700. However, on the following day, we witnessed a decent gap opening on the back of some nervousness seen across the global markets. Although the damage was restricted to a great extent, individual stocks saw decent profit booking all this while. A similar range-bound session was observed on Wednesday to conclude the truncated week with a nearly 2 per cent loss tad below the 17,500 mark.”

โ€œIt was certainly a bit challenging week for our markets and obviously, due to such a long gap, market participants chose to take some money off the table and did not carry over aggressive trades. Now if we take a glance at the daily time frame chart, we can see Nifty placed at a crucial juncture. Firstly, the sacrosanct support of โ€™20-day EMAโ€™ is positioned at 17450 which coincides with the breakout point of the previous congestion zone. Hence till the time, Nifty is holding 17400 โ€“ 17200, we remain a bit hopeful of some recovery here. We hope there is no aberration on the global front in the coming days and any favorable cue would certainly be a cherry on the cake. On the upside, 17700 followed by 17850 are the levels to watch out for. If Nifty has to regain any strength, it needs to surpass these barriers with some authority,” Chavan added.

The impact of high commodity prices has started showing up in CPI inflation prints and is forcing RBIโ€™s hand to reduce accommodation and open up a path for higher rates starting from June. Tighter financial conditions are unfavourable for valuations of mid & small caps and the outlook favours defensive posturing for portfolios, said analysts.

Also, trading in markets regulated by the Reserve Bank of India (RBI) will start from 9.00 am onwards from April 18, with the restoration of pre-pandemic trading timings. Currently, the markets open at 10.00 am.

The trading hours for various markets regulated by RBI were changed on April 7, 2020, in the wake of the coronavirus pandemic that had resulted in operational dislocations and elevated levels of health risks. Later, with the easing of operational constraints, the trading hours were partially restored with effect from November 9, 2020.

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