Is Indian Stock Market Closed For Ram Navami On April 17? – Know Here (image source: Canva)
Stock Market Holiday: Today on April 17, the Indian stock market remains closed in observance of Ram Navami, celebrating the birth anniversary of Lord Ram. Both major stock exchanges, the Bombay Stock Exchange (BSE), and the National Stock Exchange (NSE) are shut for trading on this auspicious occasion.
Is Market Open Today On Ram Navami 2024?
Referencing the official websites of BSE and NSE, April 17 is listed as a trading holiday for Ram Navami. Investors should be aware that no trading activities will occur at BSE and NSE today due to the closure of the stock exchanges.
Segments Closed for Trading
As per BSE, various segments including Equity, Equity Derivative, SLB, Currency Derivative, and Interest Rate Derivatives are closed for trading today.
Commodity Market Schedule
While the Commodity Derivative Segment on MCX is closed for the morning session, trading will resume in the evening from 5 pm to 11:30/11:55 pm today.
Upcoming Stock Market Holidays
Following today’s closure, there are no further trading holidays in April 2024. The next stock market holiday is scheduled for May 1, observed as Maharashtra Day.
Stock Market Holidays in May 2024
May 2024 will witness two stock market holidays: May 1 for Maharashtra Day and May 20 due to the Lok Sabha election in Mumbai.
Trading Activity on April 16
On Tuesday, FIIs net sold Indian shares worth ₹4,468.09 crore, while DIIs net purchased shares worth ₹2,040.38 crore, as per provisional exchange data.
Market Performance on April 16
Sensex and Nifty 50 indices experienced losses for the third consecutive session on April 16. The Sensex declined by 456.10 points (0.62 per cent) to close at 72,943.68, while the Nifty 50 dropped by 124.60 points (0.56%) to settle at 22,147.90. Despite this, the Nifty Smallcap 100 index exhibited resilience, closing 0.75 per cent higher, while the Nifty Midcap 100 index experienced a minor decline of 0.09 per cent.
Factors Influencing Market Fall
The decline in the Indian stock market is attributed to various factors including tensions in the Middle-East due to the Iran-Israel conflict, the strengthening US dollar and Treasury yields, and continuous selling by Foreign Institutional Investors (FIIs).
