Today, both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India are closed in observance of Dr. Baba Saheb Ambedkar Jayanti. This closure affects trading in various segments including derivatives, equities, SLBs, currency derivatives, and interest rate derivatives for the day. Additionally, the commodity derivatives segment will be closed in the morning session but open for the evening session.
Trading is scheduled to resume on April 15 after the holiday for Dr. Baba Saheb Ambedkar Jayanti, and the market will be closed again on April 18 for Good Friday. This closure comes after a recent surge in the market, where benchmark indices saw a significant rise of nearly 2% following a decision by US President Donald Trump to pause reciprocal tariffs for most countries except China.
On the last trading day, the Sensex closed up by 1.77% at 75,157.26, and the Nifty was up by 1.92% at 22,828.55. Despite this positive trend, both BSE Sensex and Nifty50 indices experienced a slight loss of 0.3% for the week. Notable gainers included Hindalco Industries, Tata Steel, and JSW Steel, while TCS, Asian Paints, and Apollo Hospitals were among the losers.
Various sectoral indices ended on a positive note, with the Metal index rising by 4%, and other sectors like Auto, Oil & Gas, Power, PSU, Telecom, and Pharma also showing gains. The BSE midcap index rose by 1.8%, and the smallcap index added 3% during the trading session.
Technical analysis by experts suggests a positive short-term trend in the market, with Nifty positioned at key resistance levels. The Indian rupee also saw an uptick, ending higher against the dollar following a pause in reciprocal tariffs and improved regional sentiments.
Looking ahead, market experts advise caution and recommend consulting certified professionals before making investment decisions. The recent market movements reflect a mix of global economic factors and regional sentiments that impact trading activities in India’s stock exchanges.
As traders and investors await the reopening of the market post-holiday, the focus remains on monitoring global economic indicators, geopolitical events, and corporate earnings reports that influence market sentiments and trading patterns.
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