Stock Market Holiday: Trading in the Indian stock market will be closed this week due to the celebration of Mahavir Jayanti 2025, a significant and auspicious festival for Jainism. After a severe selling pressure, Sensex and Nifty picked up momentum robustly to gain by 1.5% to 1.7% on April 8th. The stock market globally has a volatile trajectory due to Trump and China's trade war tension. The USA has reportedly imposed a 104% tariff, heightening global uncertainties.
Stock Market Holiday:
As per BSE and NSE's holiday list, trading in equity, derivatives, commodities, bonds, forex market, and SLB market will be closed due to the celebration of Mahavir Jayanti on April 10, Thursday.
Settlement Holiday 2025:
Apart from the stock market, stocks and market-related instruments' settlement giants that are backed by BSE and NSE such as CDSL and NSDL will be closed on April 10 as well, as per their holiday list for the month.
MCX Gold Holiday 2025: Furthermore, trading in commodities like gold, silver, natural gas, copper, crude and others on MCX will not be available on Thursday due to the Mahavir Jayanti holiday.
Significance of Happy Mahavir Jayanti:
The revered Lord Mahavir is the founder of the religion of Jainism. He was believed to have been born in 588 B.C. in the Kshatriyakund region of Bihar. His birth is celebrated on this day because it is considered that he was born on the 13th day of the half-moon as per the lunar cycle, in the Chaitra month. He is the last of the 24th Tirthankar. He is the teacher who propagates the essence of dharma in Jainism. The day is celebrated to honour his journey of attaining enlightenment as well as to pay respects to his teachings of peace and austerity to mankind, as per AstroYogi.
Mahavir Jayanti Tithi will begin at 10:55 PM on April 9 and will end at 1 AM on April 11. The full-day celebration will be held on April 10.
Sensex, Nifty:
On April 8th, the Sensex ended at 74,227.08, registering a strong surge of 1,089.18 points or 1.49%. While Nifty 50 surged by 374.25 points or 1.69%.
Gains were propelled by bargain buying following Monday's collapse and hopes for U.S. tariff negotiations that might ease global trade tensions. Many countries are negotiating with the US administration after President Donald Trump announced sweeping tariffs against them on April 2. Domestically, traders focused on the RBI's policy meeting on Wednesday, where a 25 bps rate cut is widely anticipated. All companies, except Power Grid, ended in the positive territory. Titan, Bajaj Finance, State Bank of India, Larsen & Toubro, Axis Bank, Bajaj Finserv, Asian Paints and Zomato were the biggest gainers. Titan led the way with a 3.3% rise, after posting a 25% jump in standalone Q4 revenue, driven by higher gold prices, as per Trading Economics.
Click it and Unblock the Notifications
Sign in with Google