Stock Market Holiday 2025: India is celebrating Bengali New Year, popularly called Pohela Boishakh on Tuesday, April 15. The stock market has been closed for the past three days, with trading being closed on Monday due to Ambedkar Jayanti. Sensex and Nifty had strong upside on April 11th; however, they closed the last week in red with 1% downside. Is the Indian stock market open during the celebration of Pohela Boishakh?
Stock Market Holiday:
As per the BSE and NSE list of market holidays, April 15th is not seen as a trading holiday. And hence, the market will be open for buying or selling in equity, derivatives, currencies, and other instruments.
Sensex, Nifty Outlook:
In the Indian market for April month, the positives and risks, as per the Union Mutual Fund report are:
- Competitive welfarism, compulsion of coalition politics
- Likely growth deceleration in pockets of infrastructure investments due to altered government priorities
- Excessive supply of equity in a short time frame
- Impact on foreign flows due to US/China factors
Union Mutual Fund said, "We are likely in the midst of a peak uncertainty period. Largecap likely to remain attractive from the risk-reward perspective."
During the trading week from April 15th to 17th, SBI Securities believes the period will be a truncated one with the Indian equity market remaining shut for two trading sessions on account of public holidays. Corporate earnings will occupy most of the focus of the Indian market participants while global tariff-related developments will continue to garner the limelight. US retail sales and industrial production data for the March month coupled with weekly jobless claims are some of the key data releases in US next week. Moreover, on geopolitical front, the US-Iran-Israel and Russia-Ukraine war will be back in focus.
That being said, SBI Securities added, "Talking about the crucial levels of Nifty 50, the zone of 22,600-22,550 will act as immediate support for the index. While on the upside, the 50-day EMA zone of 23,000-23,050 will act as a crucial hurdle for the index. Any sustainable move above the level of 23,050 will lead to an extension of the pullback rally up to the level of 23,300 followed by the 23,500 level."
On FPI flows in the market, Dr. VK Vijayakumar, Chief Investment Strategist, at Geojit Investments highlighted that the turbulence in global stock markets following President Trump's reciprocal tariffs has been impacting FPI investments in India too. FPIs who had turned buyers in India from March 20 to 27 have again turned sellers during this turbulence. In April up to 11th FPIs sold equity for Rs 31988 crores through the stock market (Source NSDL). After the resumption of this selling, the total FPI selling in the equity market in 2025 has increased to Rs 161669 crores as per NSDL.
Vijayakumar added that a clear pattern in FPI strategy will emerge only after the ongoing chaos dies down. In the medium term FIIs are likely to turn buyers in India since both the US and China are heading for an inevitable slowdown as a result of the ongoing trade war. Even in an unfavourable global scenario India can grow by 6% in FY 26. This, along with better earnings growth expected in FY 26, can attract FPI investments into India once the dust in the market settles down."
Last week, on April 11th, Sensex closed at 75,157.26, higher by 1310.11 points or 1.77%. While Nifty 50 ended at 22,828.55, higher by 429.40 points or 1.92%. Overall, the weekly performance was down by nearly 1% each.
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