Indian Stock Markets Closed for Ram Navami; Trading to Resume Friday
MUMBAI — India’s stock markets remained closed on Thursday in observance of Ram Navami, with trading suspended across major exchanges and segments.
According to the official holiday calendar, both the Bombay Stock Exchange and the National Stock Exchange were shut for the day, halting activity in the equity, equity derivatives, and currency derivatives segments, as well as NDS-RST and tri-party repo markets.
Commodity trading on the Multi Commodity Exchange of India was also partially affected, with the exchange closed during the morning session. Trading in commodities is scheduled to resume in the evening session starting at 5 p.m.
The exchanges are set to observe additional holidays later this month and in early April, including March 31 for Mahavir Jayanti and April 3 for Good Friday. No stock market holidays are scheduled for July or August this year.
The closure follows a strong performance in the previous session, when Indian equities posted gains for a second consecutive day. The rally was supported by easing oil prices and positive global cues.
Investor sentiment was also lifted after U.S. President Donald Trump said discussions were ongoing to bring an end to tensions in the Middle East.
The benchmark Nifty index rose 1.72 percent, gaining 392.70 points to close at 23,306.45 on Wednesday. The Sensex climbed 1.63 percent, or 1,205 points, to settle at 75,273.45.
Market analysts said the near-term outlook remains sensitive to key technical levels. The 23,300–23,350 range is seen as a critical zone for the Nifty, with sustained movement above it likely to support short-term stability. Failure to hold that range could trigger renewed selling pressure.
On the upside, resistance is expected between 23,500 and 23,600, followed by 23,800. On the downside, 23,000 remains an important support level, with 22,900 as the next level to watch if weakness emerges.
Analysts attributed the recent rally to optimism over easing geopolitical tensions and softer oil prices, which helped boost confidence across sectors. (Source: IANS)
