Stock markets will be closed for trading on April 7, on account of Good Friday, which is a bank holiday in most Indian states except Tripura, Gujarat, Assam, Rajasthan, Jammu, Himachal Pradesh, and Srinagar.
What Happened? On Friday, the equity, derivative, and SLB segments will remain closed, as per the information available on the BSE website. Additionally, the trading activity on the multi-commodity exchange will remain shut during the morning session and will recommence at 5 pm in the evening on the same day.
The second market holiday of the week follows Tuesday’s market holiday for Mahavir Jayanti. The following Friday, April 14, will also be a market holiday to commemorate Baba Saheb Ambedkar Jayanti.
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Markets on April 6: Shares traded on the BSE Sensex reversed early losses on Thursday after the Reserve Bank of India kept key policy rates unchanged “to assess the progress made so far” in tackling inflation.
RBI governor Shaktikanta Das cited ‘turmoil in global economy and unprecedented uncertainty in geopolitics’ to maintain policy rates and added that the central bank remained watchful of the outlook and impact of policy measures on the broader economy.
The RBI was widely expected to raise rates by 25 basis points (bps) to take the repo rate to a seven-year high of 6.75%, and then pause for the rest of the year.
Meanwhile, the Nifty 50 ended just shy of 17,600 after a similarly poor start to the day.
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