Stock markets are set to be closed for trading on April 4, on account of Mahavir Jayanti, which is a bank holiday.
What Happened? The BSE website indicates that it will close the equity, derivative, and SLB segments on Tuesday. Multi Commodity Exchange of India Limited (MCX), the first listed exchange in India, has also decided to suspend trading during the morning session on April 4, Tuesday. The exchange will resume its trading activity in the evening session from 5 pm to 11:30/11:55 pm.
The month of April has three scheduled market holidays, with another one coming up later this week on April 7, on account of Good Friday. On this day, both NSE and BSE will remain closed. Markets will also observe a holiday on April 14 to commemorate Baba Saheb Ambedkar Jayanti.
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Markets on April 3: Investors experienced volatility in the Indian market on April 3 as it traded mostly flat, but a surge in auto and PSU banking stocks during late trading hours helped boost the benchmark indices.
The market ended with the Nifty up 38.30 points, or 0.22%, at 17,398.05. Meanwhile, BSE’s flagship, the Sensex ended the day at 59,106.44, up 114.92 points or 0.19%.
After OPEC’s surprise production cut, crude oil prices rose to a one-month high, putting major upstream oil companies in the spotlight.
Investors will be watching for indications regarding a rate hike pause at RBI’s policy announcement this week, which will be a key event.
The shortened trading week, combined with this announcement, is likely to keep the market range-bound.
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