Stock Market Holidays: Trading In BSE, NSE To Be Closed For Ten Days In April; Check List!

The trading session for April 2024 has kickstarted with a blockbuster bull rally. Sensex and Nifty 50 have touched a new lifetime already in a few minutes of early trade on April 1, no kidding here! The overall monthly performance is expected to be healthy for Indian stocks.

However, of the total 30 days of April, trading on BSE and NSE will be opened only for 20 of them. That being said, BSE and NSE are set for a total of ten days of holiday in the current month.

In April 2024, there are two special holidays namely on April 11 for the celebration of Id-Ul-Fitr (Ramzan Id)and April 17 for the celebration of Ram Navami.

Apart from this, the stock market will be closed on the 6th, 7th, 13th, 14th, 20th, 21st, 27th and 28th of April by default as these days fall on Saturday and Sunday. The stock market is closed on weekends by default, including the settlement window and depositories like CSDL and NSDL.

On these mentioned dates, trading will be closed for equity, equity derivatives, SLB, and currency derivatives segments.

On April 1, the start of FY25 was impressive as the Indian stock market made a banger opening to hit new lifetime highs. Sensex touched its highest level in history at 74,254.62, while Nifty 50 also followed the trend by hitting its record high of 22,529.95. All sectoral indices are in green, while India's volatility index slipping by 2%.

Meanwhile, the market ended FY24 on a strong note. As of March 28, 2024, BSE-listed firms' market cap stood at Rs 386.97 lakh crore. On the last trading day of FY24, Sensex surged by 655 points to settle at 73,651, while the Nifty 50 climbed by 203 points to reach 22,327.

For the trading week from April 1st to 5th, Ajit Mishra, SVP - Technical Research, Religare Broking said, "We expect volatility to remain high in the coming week too, citing the scheduled MPC's policy meet. On the global front, participants would continue to take cues from US markets, which are showing noticeable resilience."

Further, Mishra added, "We expect the tone to remain positive however momentum would depend on the alignment of Nifty and the banking index. We are eyeing 22,550-22,700 in Nifty ahead, with a cushion at 21,850-22,050 zone. Amid all, we reiterate our preference for index majors and large midcaps and suggest focusing on themes/sectors which are showing relatively higher strength."

For entire FY25, Sanjay Bembalkar, CFA, Co-Head Equities at Union Mutual Fund said, "As per the Fair Value Spectrum released by the AMC, Nifty 50 is trading in the fair zone in terms of market valuations. For financial markets, FY25 is expected to be a year of mega events: 1) elections to be held in India as well as in key developed economies, 2) clarity on interest rates and 3) inclusion of India in global bond indices. India is a preferred destination for foreign flows due to the positive GDP outlook, impetus on manufacturing sector in the economy and structural reforms undertaken."

Currently, Bembalkar added, "we prefer large caps due to better risk reward to investors, thanks to attractive valuations and strong earning potential. Key risks to watch are on protectionist trade policies and economic implications from geopolitical conflicts."

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