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Stock Market Holiday for Good Friday
Indian stock, bond, and commodity markets will remain shut for operations today.
Good Friday is here and it will be observed ahead of Easter 2024. This year Good Friday is on March 29, i.e. today. Indian stock, bond, and commodity markets will remain shut for operations today.
The truncated week saw only three trading sessions. On Monday, March 25, equity markets were closed on account of Holi.
The 30-share BSE benchmark Sensex surged 655 points or 0.9% to settle at 73,651. The broader NSE Nifty gained 203 points or 0.92% to end at 22,327. Meanwhile, the Nifty and BSE Sensex gained about 29% and 25%, respectively, in FY24.
The rupee depreciated 6 paise to settle at 83.39 against the US dollar on Thursday due to a strengthening greenback against major rivals overseas and rising crude oil prices in the international markets.
Trading on the stock exchanges BSE and National Stock Exchange (NSE), the commodity exchanges MCX and NCDEX, and the bond markets will resume on Monday, April 1. The BSE and NSE will kick off the day with a 15-minute pre-opening session starting at 9:00 am, followed by regular trading from 9:15 am onwards. MCX will also resume its regular trading hours, with the morning session running from 9:00 am to 5:00 pm and the evening session from 5:00 pm until 11:30/11:55 pm.
This periodic closure of markets is a common practice observed during major religious and national holidays in India. The upcoming Good Friday holiday marks an important occasion for the Christian community and allows market participants to take a well-deserved break from their trading activities.
Traders and investors are advised to plan their strategies accordingly, taking into account the holiday schedule and the potential impact on market liquidity and price movements. As always, it is essential to stay informed about such market holidays to ensure seamless trading operations and effective risk management.
Upcoming stock market holiday in April 2024-full list
April 11, 2024: Thursday, Id-Ul-Fitr (Ramadan Eid)
April 17, 2024: Wednesday, Ram Navami
May 1, 2024: Wednesday, Maharashtra Day
June 17, 2024: Monday, Bakri Id
July 17, 2024: Wednesday, Muharram
August 15, 2024: Thursday, Independence Day/Parsi New Year
October 2, 2024: Wednesday, Mahatma Gandhi Jayanti
November 1, 2024: Friday, Diwali Laxmi Pujan*
November 15, 2024: Friday, Gurunanak Jayanti
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