Stock Market Holidays Next Week: A host of major events state-wise are queued next week for celebration. From Buddha Purnima to Sikkim state, banks will be closed accordingly in several cities. Some states will most likely have a public holiday too such as Sikkim. Does that mean, trading on BSE and NSE will be closed too?
Sensex, Nifty:
After market hours of May 9th, Sensex closed at 79,454.47, down by 880.34 points, or 1.10%. Overall, during the trading week from May 5th to 9th, Sensex plunged by 1,541.59 points, or 1.90%.
Meanwhile, Nifty 50 dropped by 265.80 points or 1.10% to close at 24,008 on Friday. Overall, in the trading week, this 50-scrip benchmark dropped by 433.40 points or 1.8%.
For the week, Nifty 50/Nifty MidCap/Nifty 500 were down by 1.4%/0.9%/1.5% WoW to settle at 24,008.0/53,223.4/21,675.6 levels respectively. During the week, sectoral indices like Auto/Consumer Durable/Capital Goods managed to close in green with gains of 1.5%/0.6%/0.3% respectively while Realty/Power/Bankex/Oil & Gas were top losers closing with WoW decline of 6.3%/3.3%/2.6%/2.2% respectively. For the week, FIIs and DIIs were both net buyers in the cash market with figures of Rs 13,056.7 cr and Rs 3,173.2 cr (DIIs data is till 8th May), as per SBI Securities analysts note.
Sensex, Nifty Weekly Prediction:
Analysts note highlighted that next week, the ongoing result season will further gain momentum as more than 350 companies including Tata Steel, UPL, Bharti, HAL, Tata Motors, Eicher, Tata Power, PB Fintech etc to declare their 4QFY25 results. India and USA CPI data will also be released on 12th and 13th May respectively.
Over and above, any further escalation of tension between India and Pakistan will be the biggest overhang on the market which can drag the indices lower. On the other hand, if the situation deescalates, we can see a sharp recovery in the market, they said.
Adding, their note said, talking about crucial levels, the zone of 23,850-23,800 will act as crucial support for the index. If the index slips below the level of 23,800, then the 100-day EMA zone of 23,560-23,500 will act as the next crucial support for the index. While, on the upside, the zone of 24,250-24,300 will act as a crucial hurdle for the index.
Additionally, the analyst said, investors are recommended to adopt bottoms-up approach in the market and focus on companies with robust growth outlook. Traders are advised to keep booking profit and adhere to stop losses.
Stock Market Holiday 2025:
As per BSE and NSE list of holidays for May 2025, trading will not be closed on occasions like Buddha Purnima or Sikkim state day. These two events fall on May 12 and May 16.
The only holiday that BSE and NSE took into consideration in May month was Maharashtra Day on May 1st. That being said, trading will be open in equities, equity derivatives, derivatives, currencies, and commodities on May 12 and May 16.
Noteworthily, BSE and NSE will only follow their weekend holiday which will be on May 17th and May 18th. Saturday and Sunday are default holidays for the market.
Disclaimer: The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.Disclaimer:
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