Is Share Market Closed On Friday, March 29 For Good Friday?

On Friday, March 29, Indian stock, bond, and commodity markets will close in observance of Good Friday, halting trading activities in cash, derivatives, securities lending and borrowing (SLB), and commodity futures.

The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), India’s leading stock exchanges, along with the Multi Commodity Exchange (MCX) and the National Commodity and Derivatives Exchange (NCDEX), which handle various commodity trades, have all announced a day off. Trading will resume normally on Monday, April 1.

This temporary shutdown aligns with India’s practice of closing markets for major religious and national holidays. Additionally, banks across India will also close, except those in Tripura, Assam, Rajasthan, Himachal Pradesh, Jammu, and Srinagar, in recognition of Good Friday.

See also: What’s Up With Jio Financial Shares Today?

Markets on March 28: The Indian stock market had a mixed trading day on Thursday, closing in the green yet significantly below the day’s highs. The Nifty couldn’t keep above 22,500, and the Sensex struggled above 74,000, both observed during the day.

The monthly expiry caused a sharp drop in the final trading hour, pushing the Sensex and Nifty to close about 1% below their peaks. The Sensex climbed 655 points to settle at 73,651, and the Nifty rose 203 points, ending at 22,327.

The Nifty Bank jumped 339 points to 47,125, while the Midcap Index increased by 238 points, reaching 48,076. Except for the Nifty Media Index, which faced losses, sectors like PSU and pharma led the gains.

A notable 44 of the Nifty 50 stocks closed higher. Bajaj Finance and Bajaj Finserv built on their gains from Wednesday, buoyed by the news of a potential housing finance IPO. Additionally, companies like Grasim, L&T, Adani Ports, Sun Pharma, and Maruti Suzuki hit record highs.

Meanwhile, Hero MotoCorp and Eicher Motors saw their stocks rise, but Bajaj Auto fell slightly before releasing its monthly sales data. Shriram Finance dipped into the red on its first day in the Nifty Index.

Read next: Midcap Stock Jumps 13% To Lead Nifty 500 Gainers

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Posted In: EquitiesFuturesCommoditiesForexMarketsMarket Holidays