Is Share Market Closed On April 14, Dr. Baba Saheb Ambedkar Jayanti?

The holiday calendar available on the NSE and BSE websites reveals that the country’s leading stock exchanges, the National Stock Exchange (NSE), and BSE (Bombay Stock Exchange), will remain closed on Friday, April 14, on account of Dr Baba Saheb Ambedkar Jayanti.

What Happened? As per the BSE and NSE websites, trading in equities, equity derivatives, and SLB segments will be closed on April 14. Markets will also be automatically closed on April 15 and 16 due to the weekend holidays.

The third market holiday of the month follows last Tuesday's and Friday’s market holidays for Mahavir Jayanti and Good Friday. The next market holiday is on May 1, to mark Maharashtra Day.

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Markets on April 13: FMCG stocks boosted the headline indices, while IT shares traded in the red, as Indian equity benchmarks NSE Nifty 50 and BSE Sensex had a muted start on the last trading day of the week.

At the time of writing, the BSE Sensex is down 255.1 points or 0.4% at 60,137.7. The Nifty 50 index is trading at 17,748.4, down 64 points, or 0.4%.

The fall in IT stocks comes on the back of TCS flagging concerns of deferred spending and near-term uncertainty in its banking, financial services, and insurance (BFSI) segment. TCS reported nearly 15% year-on-year growth in net profit in the March quarter, missing estimates.

Among other stocks, AU Small Finance Bank jumped 16% on the Reserve Bank of India’s approval for the reappointment of its managing director and CEO.

Meanwhile, the Indian rupee advanced early on Thursday after U.S. inflation cooled, while U.S. Federal Reserve officials flagged risks to the economy, which compounded troubles for the dollar index. The early advance, did, however, turn over towards the afternoon.

The rupee traded around 81.83 per dollar by 01:40 pm IST — down 0.16% when compared to 82.07 in the previous session.

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Posted In: Pre-Market OutlookStock market holidays