Stock Market Holiday 2025: April 29th is auspicious as the majority of Indians will be celebrating the birth anniversary of Maharishi Parasuram, which is popularly known as Parshuram Jayanti. Many states have declared it a public holiday, including school and bank holidays. Does that mean the Indian stock market is closed on April 29, Tuesday, as well? In the previous session, Sensex peaked at a 4-month high, while Nifty gained more than 1%.
Stock Market Holiday On April 29:
As per the BSE and NSE holidays list, the stock market will not be closed for Parshuram Jayanti on April 29. The last holiday for the month of April was on April 18th due to Good Friday. The market was also closed for Shri Mahavir Jayanti on April 10 and Dr.Baba Saheb Ambedkar Jayanti on April 14. These were excluding market holidays on weekends. Hence, there are no more trading holidays in the remainder of April.
What Is Parshuram Jayanti?
Parashurama, also referred to as Rama Jamadagnya, Rama Bhargava, and Virarama, is the sixth avatar among the Dashavatara of the preserver god Vishnu in Hinduism. Hindu tradition holds him to be the destroyer of the evil on Earth. According to legends, Shiva advised him to go and liberate Mother Earth from felons, ill-behaved men, extremists, demons, and those blind with pride. He is described as one amongst the Chiranjivis (Immortals), who will appear at the end of the Kali Yuga as the guru of Vishnu's tenth and last incarnation, Kalki. Furthermore, Parashurama is said to carry various traits, including courage, aggression, and warfare, along with serenity, patience, and prudence, as per Wikipedia.
Sensex, Nifty:
After market hours of April 28th, Sensex finished at 80,218.37, higher by 1005.84 points, or 1.27%, while Nifty 50 zoomed by 289.15 points, or 1.2%, to finish at 24,328.50. BSE-listed companies' market cap ended at Rs 42,610,761.10 crore on April 28, which meant investors' wealth climbed by a whopping Rs 451,860.19 crore from an m-cap of Rs 42,158,900.91 crore.
Meanwhile, on April 28th, FIIs and DIIs were net buyers of Indian stocks. Foreign institutional investors (FIIs) invested Rs 2,474.10 crore alone in equities on Monday, while its counterparts, domestic institutional investors (DIIs) bought Rs 2,817.64 crore worth of stocks. This further added to the upside.
Sensex, Nifty Prediction For Tuesday, April 29:
"The domestic market recouped from the losses incurred during the last two days of the previous week, which stemmed from the border tensions. While sustained buying from FIIs and better results from RIL also boosted the investor sentiment. A weakening dollar and inflationary pressure in the US may attract FIIs into the domestic market," said Vinod Nair, Head of Research, Geojit Investments.
However, the analyst further said, "Investors are advised to exercise caution in the near term as the market is yet to discount the impact of retaliation for the Pahalgam terror attack. For a new investor, holding a position on cash and debt of about 40% with a bottom-up approach on equity based on the earnings outcome will be a beneficial strategy."
Also, Ajit Mishra, SVP, Research, Religare Broking, said, This buoyancy is certainly encouraging; however, participants should maintain a positive yet cautious bias, given the lingering geopolitical tensions. A decisive breakout above 24,400 could trigger fresh momentum in the Nifty, potentially propelling it towards the 24,800 mark. Amidst all this, the focus should remain on sectors and themes showing consistent outperformance, with an aim to accumulate quality counters on any intermediate dips.
Lastly, Satish Chandra Aluri, Lemonn Markets Desk, said, on the technical front, the Nifty 50 closed above the 24,300 mark. On the upside, 24,500 is expected to act as an immediate resistance zone, while 24,200 will serve as immediate support on the downside.
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