The Indian equity markets, both BSE Sensex and NSE Nifty, will remain closed on Wednesday, April 17, on account of ‘Ram Navami’. According to the BSE’s website, equity, equity derivates, and SLB and currency segments will remain closed on Wednesday. The market will be opened on Thursday, April 18.
The Multi Commodity Exchange (MCX) will remain closed on Wednesday.
However, the commodity derivatives segment of the Sensex will be opened for trading on April 17 in the evening session at 5 pm.
On Ram Navami, Indians celebrate the birthday of Lord Ram, and the devotees observe a day-long fast on this auspicious day.
In the calendar year 2024, there will be 9 more holidays after the Ram Navami holiday (15 holidays in total this year). The next holiday after Ram Navami is on Maharashtra Day on May 1.
However, for the currency derivatives segments, there are 19 holidays in the current calendar year 2024. Apart from the Ram Navami holiday, 10 more holidays are left.
Meanwhile, domestic stock markets took a beating on Monday with benchmark Sensex and Nifty tumbling over 1 per cent as escalating conflict in the Middle East and weak trends from global markets unnerved investors.
Falling for the second session in a row, the 30-share BSE Sensex tanked 845.12 points or 1.14 per cent to settle at a more than two-week low of 73,399.78. During the day, it plunged 929.74 points or 1.25 per cent to 73,315.16. The NSE Nifty declined 246.90 points or 1.10 per cent to settle at 22,272.50.
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