The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will be closed on March 29 for Good Friday, with trading in various segments suspended for the day. This closure is part of the market’s observance of the holiday, with trading set to resume on Monday, April 1.
It is crucial for traders and investors to be aware of market holidays to ensure smooth operations and effective risk management. Looking ahead, there are more holidays to note in April 2024, including Id-Ul-Fitr (Ramadan Eid) on April 11 and Ram Navami on April 17.
In the latest financial year, the benchmark indices saw significant gains, with the Sensex and Nifty both posting impressive numbers. The Sensex surged nearly 1,200 points before closing at 73,651, up 0.9 per cent, while the Nifty rose to 22,326, marking a 0.9 per cent increase.
Overall, the indices have shown strong performance, with gains of 28.6 per cent and 24.8 per cent, respectively, outperforming many other major market indices. The Nifty Midcap and Nifty Smallcap indices have also seen substantial growth, with the latter achieving its best performance in the last three financial years.
In terms of specific sectors, the realty, CPSE, and infra indices have all gained over 100 per cent during the year, reflecting positive market sentiment. Additionally, key metrics such as India’s growth forecast and CAD/GDP ratio remain positive, indicating a favorable outlook for the market.
While most Asian indices ended in the red on Thursday, the US markets saw gains, with the S&P 500 hitting a fresh high. Looking ahead, investors will be keeping an eye on data releases and speeches from central bank officials for further market cues.
As always, it is important for readers to consult with a qualified financial advisor before making any investment decisions. Stay informed and stay ahead in the dynamic world of stock markets.
