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Stock market holiday: Is the market closed for Maharashtra Day tomorrow?

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Equity markets will remain closed on Wednesday on account of Maharashtra Day. Accordingly, all the segments including, the equity segment, derivative segment, and SLB segment will be closed.

The multi-commodity exchange will also be closed for the first half but will remain open for the evening session from 5:00 pm. Trade settlements will also be closed on Wednesday.

Since it’s also a settlement holiday, the commodity account balance on May 1 will not include the credits from profits (realized and marked to market) from trades or positions in commodity derivatives on April 28 and also the credits from existing option positions on April 28.

Markets have a total of 15 holidays in the calendar year 2024, the same as 2023. In the year 2023, markets were closed for 15 annual holidays.

For the rest of 2024, markets will be shut for, Bakri Id (June 17), Muharram (July 17), Independence Day (August 15), Mahatma Gandhi (October 2), Diwali (November 1), Gurunanak Jayanti (November 15) and Christmas (December 25).A special muhurat trading will be held on November 01 for Diwali. The exchanges may alter any of the above holidays, for which a separate circular will be issued in advance.Tracking a rally in global equities, domestic markets continued their positive trend even on Tuesday.Analysts said the outlook remains positive with factors like net buying by FIIs and DIIs, crude oil slipping below $83 a barrel, and anticipation of a pre-election rally.

“The focus now shifts to the Fed decision outcome on May 1 and the April jobs report on May 3,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.

Technically, analysts said investors can expect a consolidation as long as the index is below 22660, leaving room for an extension in the uptrend in the day, aiming for 22790.

“Alternatively, consolidation bias will be replaced by bearish bias if unable to float above 22580- 60, but we will wait for a slippage past 22450 to join the bear,” said Anand James, Chief Market Strategist, Geojit Financial Services.

SROMPL – India’s 1st Import Export Consultant and Branding and Marketing Company,

Welcome to Sromplexport! We’re a company that helps people and businesses import and export products across different countries. Whether you’re looking to source products, manage logistics, or navigate customs regulations, we’ve got you covered. We’re based in Rajkot, Gujarat, India, and we’re committed to providing ethical and transparent service to our clients. We work with industries like textiles, agriculture, and handicrafts, and we’re always happy to build new relationships with people who want to succeed in the import/export world. Thanks for stopping by, and let us know how we can help you!

Sromplexport offers international trade services, including product sourcing, quality control, logistics, and customs clearance. Our ethical and transparent approach simplifies the import/export process for clients in various industries.