Stock market holiday today: As the entire nation is celebrating Eid-Ul-Fitr or Eid 2024, India’s currency, debt and equity markets will be closed on Thursday, April 11, for a holiday. Trading in derivatives, equities, SLBs, and currency derivatives, as well as the interest rate derivatives segment too will remain shut for the day.
The commodity derivatives segment will remain closed in morning session (9am to 5pm), while the evening session will be remain open from 5pm to 11.55pm.
Trading will resume on Friday, April 12.
On April 10, the benchmark indices ended higher with the Nifty hitting a fresh record high, and Sensex moving closer to its all-time high. At close, the Sensex was up 354.45 points or 0.47 percent to 75,038.15, and the Nifty was up 111.00 points or 0.49 percent to 22,753.80.
Top gainers on the Nifty included Coal India, BPCL, Kotak Mahindra Bank, ITC and Hindalco Industries, while the top losers were Cipla, Maruti Suzuki, HDFC Life, Divis Labs and SBI Life Insurance.
Except pharma, all sectoral indices ended in the green with media, PSU Bank, FMCG, Metal, Oil & Gas up 1-2 percent each.
The BSE MidCap and SmallCap indices were up 0.5 percent each.
“Markets edged higher and gained nearly half a percent in continuation of the prevailing trend. After the initial gap-up move, the Nifty remained range bound for most of the session and finally settled at 22,753.80 levels. The majority of sectors were aligned with the move where FMCG, metal and energy were among the top gainers. The broader indices also edged higher after two days of pause and gained in the range of 0.7-0.9 percent,” said Ajit Mishra, SVP – Technical Research at Religare Broking.
“Rotational buying across sectors combined with stability at the global front is helping the index to inch higher every passing day. We are eyeing the 22,850-23,100 zone in the Nifty ahead and expect the 22,350-22,500 zone to act as a strong support in case of any profit-taking. The beginning of the earnings season would trigger stock-specific volatility ahead, so participants should plan their positions accordingly,” he said.
Stock Market Holidays April
The stock market holidays list 2024 states that there will be two stock market holidays in April 2024 and those two trade holidays are 11th April 2024 i.e. today and 17th April 2024.
As per the list of stock market holidays 2024, the next trade holiday after Eid 2024 falls on 17th April 2024 for Ram Navami Festivel. So, next week will; also be a truncated week for the Indian stock market as trading activity on NSE and BSE will remain suspended on Wednesday next week. After Ram Navmi 2024, there will be no stock market holidays falling in April 2024.
Stock Market Holiday in May & June
In May 2024, initially, there was only one stock market holiday falling on 1st May 2024 for the Maharashtra Day celebration. However, due to the Lok Sabha election, one more stock market holiday has been announced on 20th May 2024. So, there will be two stock market holidays in May 2024.
In June and July also, there is just one stock market holiday. In June 2024, the Indian stock market will remain closed on the 17th day of the month for the Bakdi Eid festival whereas in July 2024, NSE and BSE will remain closed on the 17th date of the month for Muharram.
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