Indian equity markets will take a break from trading on Wednesday, May 1, in observance of Maharashtra Day. Trading will resume normally on Thursday, May 2.

The Multi Commodity Exchange (MCX), India's largest non-agricultural commodity market, will pause trading from 9 am to 5 pm, resuming only for the evening session from 5 pm to 9 pm. The agricultural commodity index will not see any trading activity on this day.

The next trading holiday is scheduled for May 20 as polling for all six Lok Sabha seats in Mumbai along with seven others in Maharashtra will take place. Both BSE and NSE are headquartered in Mumbai.

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Markets On April 30: Indian benchmark indices experienced volatility throughout the session, ultimately erasing all intraday gains and ending in the negative zone. At close, the Sensex was down 188.50 points or 0.25% at 74,482.78, while the Nifty was down 38.60 points or 0.17% at 22,604.80.

Both the Nifty 50 and Sensex began the session on a positive note, trading in the green for most of the day. The Nifty 50 even went on to hit a fresh all-time high of 22,783.35. However, in the final hour of the session, profit booking intensified, leading key indices to enter the red zone.

Talking about the reversal, Mehta Equities Prashanth Tapse said, “Nifty eased from its fresh record highs while Sensex too lost momentum after coming close to breaching its previous high level, as investors curbed their equity positions ahead of the US FOMC meet outcome.”

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Note: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.