According to the BSE website, Friday would be a closed day for Indian equities benchmarks. Due to Good Friday, the domestic benchmarks would be closed. This week was shorter than normal due to the holidays, with only three trading sessions as compared to the usual five. Because it was “Mahavir Jayanti” on April 4 (Tuesday), indices were closed. A second week of market closure is also planned. In honor of Dr. BR Ambedkar’s birthday on April 14, 2023, BSE and NSE will be closed.
On April 7 and April 14, the equity derivative, equity, and SLB (Security Lending and Borrowing) segments will all be closed.
Stock Market Holidays
The Multi Commodity Exchange (MCX) won’t be open this morning or in the evening. There were 13 stock market holidays in all, including Saturdays and Sundays, as of April 2023.
In a very tumultuous trading session yesterday, the domestic benchmarks increased their advances for a sixth straight session. The Reserve Bank of India (RBI) unexpectedly maintained the repo rate constant at 6.50 percent following six straight increases, causing the benchmarks to settle higher in defiance of gloomy global cues.
- On April 7 and April 14, the equity derivative, equity, and SLB segments will all be closed.
- There were 13 stock market holidays in all, including Saturdays and Sundays, as of April 2023.
- A 42-point or 0.24-percent rise in the overall NSE Nifty index led to an ending value of 17,599.
As a result of the unexpected policy decision, bond yields, and stocks have been affected positively, according to Vinod Nair, Head of Research at Geojit Financial Services. A 42-point or 0.24-percent rise in the overall NSE Nifty index led to an ending value of 17,599. To settle at 59,832.97, the benchmark 30-share BSE Sensex index gained 143.66 points or 0.24 percent.
The Nifty Midcap 100 increased by 0.64 percent, and the Nifty Smallcap 100 increased by 0.78 percent, as mid- and small-cap shares ended the day higher. India VIX, a measure of fear, dropped 4.95 percent to 11.80.
On the NSE, 12 of the 15 sectoral indices finished in black. Nifty Financial Services, Nifty Auto, Nifty Pharma, and Nifty Oil & Gas sub-indices all beat the index by increasing by 0.94, 0.90, 0.76, and 0.65 percentage points, respectively. Nifty IT, Nifty Consumer Durables, and Nifty FMCG, on the other hand, all ended the day in the red.
Dhani Services, Vakrangee, Barbeque-Nation Hospitality, Indian Energy Exchange, and Ashoka Buildcon all saw increases of up to 17.36% on the BSE.
” As markets advanced during the short week, the benchmark Nifty50 index continued its upward trend from the previous week. The broad buying activity revealed the bulls’ intention to push the market higher despite the market’s current favorable conditions. Nifty increased by around 1.40 percent from the end of last week thanks to a strong trading week, according to Osho Krishan, Senior Analyst – Technical & Derivative Research at Angel One.
