The BSE and the National Stock Exchange (NSE) will remain closed on April 17 (Wednesday) on account of Ram Navami. This closure encompasses trading in derivatives, equities, SLBs, currency derivatives, and interest rate derivatives for the entire day.

The commodity derivatives segment will also be closed during the morning session, from 9:00 a.m. to 5:00 p.m. However, the evening session will remain operational from 5:00 p.m. to 11:55 p.m. Trading on both the NSE and the BSE will resume on Thursday, April 18.

In the previous session on Tuesday, the Sensex and the Nifty concluded lower for the third consecutive day, taking cues from the global market's weakness amid escalating tensions in the Middle East. The surge in US treasury bond yields, reaching a five-month high, further dampened investors' risk appetite.

In the previous session on Tuesday, the BSE Sensex dropped 456 points at 72,944, while the NSE Nifty50 settled 125 points lower at 22,148.

Despite this downturn, the broader market showed resilience, with the BSE Smallcap index registering a gain of 0.6 per cent and the Midcap index settling flat.

Sectorwise, Nifty IT and Nifty Financial Services saw the most substantial declines, with Nifty IT falling by 2.6 per cent and Nifty PSU Bank shedding 1.3 per cent. On the other hand, Nifty Pharma and Nifty FMCG emerged as the top gainers among sectoral indices, ending 0.4 per cent higher.

Vinod Nair, Head of Research at Geojit Financial Services, commented, "The domestic market sustained its consolidation trend for the third consecutive day, amid apprehensions regarding geopolitical tensions and a drop in the probability of a rate cut in the short-term. Heightened concerns arose following stronger-than-anticipated US retail sales, amplifying the assumption that the US Federal Reserve might delay rate cuts, leading to a notable uptick in the dollar index and US bond yields."

On the currency front, on Tuesday, the rupee experienced a record low, closing at 83.53 against the dollar, down 8 paise from the previous closing of 83.45 on Monday.

For more details on stock market holidays in 2024, here is the full list provided on the official BSE and NSE websites:

Trading holiday event

Date

Day

Republic Day

January 26, 2024

Friday

Mahashivratri

March 8, 2024

Friday

Holi

March 25, 2024

Monday

Good Friday

March 29, 2024

Friday

Id-Ul-Fitr (Ramzan Id)

April 11, 2024

Thursday

Ram Navami

April 17, 2024

Wednesday

Maharashtra Day

May 1, 2024

Wednesday

Bakri Id

June 17, 2024

Monday

Muharram

July 17, 2024

Wednesday

Independence Day

 

August 15, 2024

Thursday

Mahatma Gandhi Jayanti

October 2, 2024

Wednesday

Diwali * Laxmi Pujan

November 1, 2024

Friday

Gurunanak Jayanti

November 15, 2024

Friday

Christmas

December 25, 2024

Wednesday