Finance
The BSE and NSE are closed today, April 4, in observance of Mahavir Jayanti. The MCX, the country’s leading commodity exchange, will also be closed for the first session of trade and will reopen at 5 p.m. for the evening session. The equity, SLB, equity derivatives, interest rate derivatives, and currency derivatives segments will all be closed for trading. Furthermore, the markets will be closed on April 7, and the MCX will be closed for both sessions. In April, the stock exchanges will be closed for 13 days, including weekends.
The BSE website has announced that the stock market will close for three days during the month of April 2023, excluding weekends. Trading will be suspended on April 4th in observance of Mahavir Jayanti, April 7th in observance of Good Friday, and April 14th in observance of Dr. Baba Saheb Ambedkar Jayanti.
Here are the other holidays on which the stock markets will be closed in 2023.
| Date | Holiday | Day |
| April 4 | Mahavir Jayanti | Tuesday |
| April 7 | Good Friday | Friday |
| April 14 | Ambedkar Jayanti | Friday |
| May 1 | Maharashtra Day | Monday |
| June 28 | Bakra Eid | Wednesday |
| August 15 | Independence Day | Tuesday |
| September 19 | Ganesh Chaturthi | Tuesday |
| October 2 | Gandhi Jayanti | Monday |
| October 24 | Dussehra | Tuesday |
| November 14 | Diwali | Tuesday |
| November 27 | Gurunanak Jayanti | Monday |
| December 25 | Christmas | Monday |
On Monday, markets extended their winning streak, with the Nifty up 0.22% to 17,398, and the Sensex up 114 points to 59,106. “Investors believed that easing price pressures would allow the central bank to postpone the rate hike.” However, OPEC+’s unexpected production cut has fueled concerns about inflationary pressures, prompting central banks to remain hawkish. The market’s downside pressure was alleviated as auto stocks rallied in response to the latest sales data, which indicated a surge in demand. Furthermore, India’s manufacturing PMI outperformed expectations, exhibiting the fastest growth rate in three months due to increased output and new orders,” said Vinod Nair, Head of Research at Geojit Financial Services.
Source:FE
