Stock market holiday: NSE, BSE to remain closed on April 17 for Ram Navami

Stock market holiday: NSE, BSE to remain closed on April 17 for Ram Navami

Leading stock exchanges Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on Wednesday, April 17, on account of Ram Navami. Both currency and derivatives markets will also remain closed due to the public holiday.

Ram Navami is celebrated across the country to mark the birth of Lord Ram. It falls on the ninth day (Navami) of the Chaitra month, as per the Hindu calendar. The festive day generally corresponds to April on the Gregorian calendar.

Last week, on April 11, the stock markets were closed for Eid-Ul-Fitr (Ramadan Eid). Following this, there are no other trading holidays in April. With the two public holidays and the regular weekend shutdowns (Saturdays and Sundays), there are a total of 20 trading days in April.

Last week, the exchanges announced that the stock market will be closed on May 20 due to voting for the Lok Sabha elections 2024 in Maharashtra. The exchanges clarified that while the morning session, from 9 am to 5 pm, will remain closed, trading will resume for the evening session from 5 pm to 11:30 pm.

Previously, the only trading holiday scheduled for next month was on May 1, 2024, for Maharashtra Day. Overall, BSE and NSE have declared 15 holidays for the calendar year 2024.

The equity benchmark indices Sensex and Nifty continued to slump on Tuesday (April 16) dragged down by heavy selling in IT stocks amid weak global trends and fears of escalating tensions in the Middle East.

Continuing its downtrend for the third day running, the 30-share BSE Sensex tanked 456.10 points or 0.62% to settle at 72,943.68. During the day, it slumped 714.75 points or 0.97% to 72,685.03. The NSE Nifty declined 124.60 points or 0.56% to finish at 22,147.90.

From the Sensex basket, Infosys, IndusInd Bank, Bajaj Finserv, Wipro, HCL Technologies, Bajaj Finance, Tech Mahindra, Tata Consultancy Services, and Larsen & Toubro were the major laggards. Titan Company, Hindustan Unilever, HDFC Bank, Maruti, ITC, Power Grid and Reliance Industries were the gainers.