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Wednesday, April 17, 2024

Stock Market Holiday: Due to Mahashivratri, the BSE and NSE will be closed today

<p><strong>March 2024 stock market holidays:</strong> On March 8, in observance of Mahashivratri, the stock markets BSE and NSE will be closed. The interest rate derivatives section, together with trading in stocks, currency derivatives, SLBs, and derivatives on derivatives, will be closed for the day.</p>
<p><img decoding=”async” class=”alignnone wp-image-485880″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-stock-market-holiday-due-to-mahashivratri-the-bse-and-nse-will-be-closed-today-dar.jpg” alt=”theindiaprint.com stock market holiday due to mahashivratri the bse and nse will be closed today dar” width=”1041″ height=”781″ title=”Stock Market Holiday: Due to Mahashivratri, the BSE and NSE will be closed today 6″></p>
<p>On March 8, the commodities derivatives section will similarly be closed in the morning but open in the evening. Morning classes at MCX run from 9 a.m. to 5 p.m., while evening sessions run from 5 p.m. to 11:30 p.m./11:55 p.m.</p>
<p>On Monday, March 11, trading on the NSE and BSE will restart.</p>
<p><strong>Mahashivratri: What is it?</strong></p>
<p>Shivaratri, according to Drik Panchang, is a celebration of the union of Shiva and Shakti.</p>
<p><strong>March Stock Market Holidays</strong></p>
<p>In addition, the BSE and NSE stock markets will be closed on March 25 in honor of Holi, Friday, and March 29 in observance of Good Friday.</p>
<p>On March 7, the market finished a rangebound day flat, unable to expand on the early gains. In the first trade, the major indexes surged to new all-time highs, with the Nifty crossing 22,500 for the first time.</p>
<p>The Nifty50 index likewise reached a new high of 22,525.65, and finished 19.50 points or 0.09 percent, higher at 22,493.50. The BSE Sensex also reached a new record high of 74,245.17, but ended 33.40 points (0.05 percent) higher at 74,119.39.</p>
<p>The BSE Sensex and Nifty both increased by 0.5% over the abbreviated week.</p>
<p>Among the top Nifty gainers were Tata Steel, Bajaj Auto, Tata Consumer, Tata Motors, and JSW Steel; losers were M&M, BPCL, Reliance Industries, Axis Bank, and ICICI Bank.</p>
<p>Among the sectors, metals, capital goods, media, FMCG, oil and gas, banks, and real estate all had negative final results. The BSE SmallCap index increased by 0.7%, while the BSE MidCap index climbed 0.3%.</p>
<p>“The Nifty began the day flat and steadied throughout the day. It concluded with a little gain of 19 points in the green. We can see from the daily charts that the Nifty managed to hold onto its gains and then consolidate ahead of a long weekend. We anticipate that the uptrend will return in the next week, as stated by Jatin Gedia, a technical analysis analyst at Sharekhan by BNP Paribas. “The consolidation is a brief pause in the overall uptrend.”</p>
<p>Since important hourly moving averages are positioned in this area and may draw buying attention, a decline towards 22,390–22,340 should be seen as a buying opportunity. From a short-term standpoint, 22,570–22,600 will serve as an immediate barrier, he said.</p>
<p>The Indian rupee closed at 82.78 versus the US dollar on Thursday, up from its closing value of 82.83 on Wednesday.</p>
<p>“The rupee showed resilience, rising 0.10 to 82.76 on the back of a declining dollar, which was trading below 103.20. Furthermore, there was a slight decrease in oil prices, which fell by 1.15 percent. According to Jateen Trivedi, vice president and research analyst at LKP Securities, “the rupee looks poised to continue its positive momentum, potentially targeting the 82.50 zone ahead,” given that the bottom end of the USDINR’s base range appears to have been breached.</p>

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