The Multi-Commodity Exchange (MCX) will also be closed for both morning and afternoon sessions.
Equity markets will remain closed for a total of 145 days in the calendar year, the same as that of 2023.
Further, apart from Good Friday (March 29), in 2024, the markets will be shut for Ramzan Id (April 11), Ram Navami (April 17), Maharashtra Day (May 1), 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).
The exchanges may alter any of the above holidays, for which a separate circular will be issued in advance.
Indian benchmark equity indices closed higher in the previous session, the final trading session of fiscal year 2024, as financials rose after the central bank eased recently tightened rules for lenders’ investments in alternative investment funds (AIFs). The 30-share BSE benchmark Sensex surged 655 points or 0.9% to settle at 73,651. The broader NSE Nifty gained 203 points or 0.92% to end at 22,327.In FY24, all major sectors rose, with real estate, auto, and state-owned banks advancing the most at between 80% and 140%.The broader Nifty Smallcap100 and Midcap100 gained about 70% and 60% in the fiscal year 2023-24, far outperforming the blue-chip indices despite valuation concerns.
“Indian equities closed the day and fiscal year on an optimistic note, with volatility by the end of the session, as buying by retails, DIIs, and FIIs surged across categories. The mid- and small-cap stocks have emerged as frontrunners, rebounding from the initial sell-off earlier in the month,” said Vinod Nair, Head of Research at Geojit Financial Services.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
