According to the BSE website, Indian benchmark equities will be closed on Friday. The domestic benchmarks will be closed due to Good Friday. This holiday-shortened week saw only three trading sessions as opposed to the usual five. The indices were halted on Tuesday, April 4 (Mahavir Jayanti). Additionally, there is a market holiday next week. The BSE and NSE will be closed on April 14, 2023, to commemorate Dr. BR Ambedkar’s birthday.
On April 7 and April 14, the equity derivative segment, the equity segment, and the SLB (Security Lending and Borrowing) segment will also be closed.
The Multi Commodity Exchange (MCX) will be closed for both the morning and evening trading sessions today.
The total number of stock market holidays in April 2023 was 13, including Saturdays and Sundays.
Yesterday, during a volatile trading session, the domestic benchmarks won for the fifth trading session in a row.The benchmarks closed higher despite lacklustre global cues as the Reserve Bank of India (RBI) unexpectedly maintained the repo rate at 6.50 percent after six consecutive increases.
Vinod Nair, head of research at Geojit Financial Services, said that the unexpected policy decision to halt interest rate increases had a significant impact on bond yields and the stock market.
The benchmark BSE Sensex index of 30 stocks gained 143.66 points, or 0.24 percent, to close at 59,832.97, while the broader NSE Nifty index rose 42 points, or 0.24 percent, to 17,599.
The Nifty Midcap 100 and Nifty Smallcap 100 both concluded with gains, with the Nifty Midcap 100 gaining 0.64 percent and the Nifty Smallcap 100 gaining 0.78 percent, respectively. The India fear index VIX decreased 4.95 percent to 11.80.
Twelve of the NSE’s fifteen sectoral indices closed in the green. The sub-indices Nifty Financial Services, Nifty Auto, Nifty Pharma, and Nifty Oil & Gas performed better than the index, increasing 0.94 percent, 0.90 percent, 0.76 percent, and 0.65 percent, respectively. Nifty IT, Nifty Consumer Durables, and Nifty FMCG ended in the red.
Dhani Services, Vakrangee, Barbeque-Nation Hospitality, Indian Energy Exchange, and Ashoka Buildcon all increased by 17.36% on the BSE.
“The markets did very well during the short week. The benchmark index Nifty50 kept going up after breaking out of consolidation the week before.The emergence of widespread buying demonstrated the bulls’ urgency to lift the market amid favourable conditions. As a result of a prosperous trading week, the Nifty index rose by nearly 1.40 percent from its previous week’s close, “said Angel One’s Senior Analyst for Technical and Derivative Research, Osho Krishan.
Krishan said that if you want better trading opportunities in the future, you need to focus on stocks and be aware of what’s going on around the world and in your own country.
