Stock market holidays in March 2024, Mahashivratri Holiday: Stock exchanges BSE and NSE will stay shut on March 8 on account of Mahashivratri. Trading in derivatives, equities, SLBs, and foreign money derivatives, in addition to the rate of interest derivatives section, will stay shut for the day.
The commodity derivatives section can also be closed for morning buying and selling on March 8 however will open for the night session. MCX conducts morning classes from 9 am to 5 pm, and night classes from 5 pm to 11:30/11:55 pm.
Trading on each NSE and BSE will resume on Monday, March 11.
What is Mahashivratri?
As per Drik Panchang, Shivaratri is a competition of the convergence of Shiva and Shakti.
Stock Market Holidays In March
Stock exchanges BSE and NSE will even be closed on March 25 on the event of Holi, Friday, and March 29, on account of Good Friday.
On March 7, the market failed to construct on the opening beneficial properties and ended a rangebound session on a flat observe. The benchmark indices climbed to recent all-time highs within the opening commerce with the Nifty surpassing 22,500 for the primary time.
The BSE Sensex touched a recent report excessive of 74,245.17, however ended 33.40 factors (0.05 per cent) increased at 74,119.39, whereas Nifty50 index additionally hit a brand new excessive of twenty-two,525.65 and closed 19.50 factors or 0.09 per cent increased at 22,493.50.
In the truncated week, BSE Sensex and Nifty rose 0.5 per cent every.
Tata Steel, Bajaj Auto, Tata Consumer, Tata Motors and JSW Steel have been among the many prime Nifty gainers, whereas losers have been M&M, BPCL, Reliance Industries, Axis Bank and ICICI Bank.
Among sectors, financial institution, oil and gasoline, auto and realty ended within the crimson, whereas metals, capital items, media and FMCG have been 1-2.5 per cent every. The BSE MidCap index added 0.3 per cent and SmallCap index rose 0.7 per cent.
“The Nifty opened on a flat note and consolidated during the day. It closed marginally in the green up 19 points. On the daily charts, we can observe that the Nifty held on to the gains and consolidated before an extended weekend. The consolidation is a brief pause in the overall uptrend, and we expect the up-move to resume in the coming week,” stated Jatin Gedia, technical analysis analyst at Sharekhan by BNP Paribas.
“In the case of a dip towards 22,390–22,340, it should be used as a buying opportunity as key hourly moving averages are placed in this range and can attract buying interest. On the upside, 22,570–22,600 shall act as an immediate hurdle zone from a short-term perspective,” he stated.
On Thursday, the Indian Rupee ended increased at 82.78 per US Dollar as towards Wednesday’s shut of 82.83.
“The rupee exhibited strength, gaining 0.10 to reach 82.76, supported by a weak dollar, trading below 103.20. Additionally, crude prices experienced a slight decline, dropping by 1.15 per cent. With the basing range seemingly broken in USDINR on the lower end, the rupee appears poised to continue its positive momentum, potentially targeting the 82.50 zone ahead,” stated Jateen Trivedi, VP and analysis analyst at LKP Securities.
