Good Friday: Is Stock Market Open On March 29?

Trading on BSE and NSE will not be open on March 29 due to the occasion of Good Friday. With that, the end of the financial year 2023-24 for the stock market was with the closing bell of March 28. Currently, the Sensex is over 73,650 levels and the Nifty 50 is above the 22,320 mark.

March 29 is a special day for Christians across India as they will be celebrating Good Friday in memory of Jesus Christ's sacrifice.

As per BSE and NSE notification, trading in equity, equity derivatives, SLB, and currency derivatives segment will be closed on March 29 for the occasion.

In the previous session, the Sensex surged by 655 points to settle at 73,651, while the Nifty 50 climbed by 203 points to reach 22,327. The Nifty Bank index demonstrated strength, gaining 339 points to stand at 47,125, while the Midcap Index also saw an uptick of 238 points, ending the day at 48,076. Notably, all sectoral indices, except for media, ended the session in positive territory, with the PSU and Pharma sectors leading the gains.

Also, on the last trading day of FY24, BSE-listed firms' market cap stood at Rs 386.97 lakh crore.

On the latest performance, Ajit Mishra, SVP - of Technical Research, Religare Broking said, "Market extended gains and almost retested the record high, tracking favorable cues. After the initial uptick, Nifty moved from strength to strength for most of the session however a sharp dip in the final hour trimmed the gains. Eventually, it settled at 22,326.90 level; up by 0.92%. All the key sectors contributed to the move wherein metal, pharma and auto were among the top gainers. Meanwhile, the broader indices traded mixed but managed to end in the green."

While, Vinod Nair, Head of Research, Geojit Financial Services said, "Indian equities closed the day and fiscal year on an optimistic note, with volatility by the end of the session, as buying by retails, DIIs, and FIIs surged across categories. The mid- and small-cap stocks have emerged as frontrunners, rebounding from the initial sell-off earlier in the month."

Year-to-date, Sensex has surged by 1,363.54 points or 1.89%, while Nifty 50 outperformed its counterpart with an upside of 585 points or 2.9%.

In a year, the 30-scrip benchmark is up by a massive 15,675.39 points or 27.055, while Nifty 50 skyrocketed by 5,246.20 points or 30.71%.

In FY24, Sensex touched its all-time high of 74,245.17, and Nifty 50 clocked its lifetime high at 22,526.60.