Stock Market Holiday Today: BSE, NSE Closed on Account of Mahavir Jayanti
Stock Market Holiday
The Indian stock exchanges, including the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), will remain closed on Wednesday, April 10, in observance of Shri Mahavir Jayanti. Normal trading across equities, derivatives (equity, currency, and interest rate), securities lending and borrowing (SLB), and other segments will be suspended for the day.
The commodity derivatives segment will also remain closed during the morning session (9:00 AM to 5:00 PM). However, it will reopen for the evening session from 5:00 PM to 11:55 PM.
Regular trading activity on both the BSE and NSE will resume on Friday, April 11.
Stock Market Holiday
Market Overview: April 9 Session Summary
Following a strong rebound in the previous session, Indian equity markets came under pressure on April 9, weighed down by weak global cues that triggered broad-based selling across sectors.
At the close of trade, the BSE Sensex declined 379.93 points (0.51%) to settle at 73,847.15, while the NSE Nifty fell 136.70 points (0.61%) to end at 22,399.15.
Among the major laggards on the Nifty were Wipro, SBI, Tech Mahindra, Larsen & Toubro (L&T), and Trent. On the other hand, gainers included Nestlé India, Hindustan Unilever (HUL), Tata Consumer Products, Titan Company, and Power Grid Corporation.
The BSE Midcap index declined by 0.8%, while the Smallcap index was down 1%. Sectorally, barring Consumer Durables (up 0.3%) and FMCG (up 1.5%), all other indices closed in the red. Realty, Information Technology (IT), and PSU Banks were among the worst performers, each falling by 2%.
Technical Outlook – Stock Market Holiday
“Nifty continues to trade below the upper band of the falling channel and the 21-day Exponential Moving Average (EMA), signaling short-term weakness and resistance near the 22,500 level,” said Rupak De, Senior Technical Analyst at LKP Securities.
He added, “The Relative Strength Index (RSI) has shown a bearish crossover, reinforcing the negative momentum. Unless Nifty breaks above 22,500, the index may remain under pressure, potentially declining toward the 22,000 level. A breakout above this resistance could, however, push it towards 22,750–22,800.”
Currency Update – Stock Market Holiday
The Indian rupee ended the session 45 paise lower at 86.69 against the US dollar, compared to the previous close of 86.24.
“Global uncertainties intensified after the US imposed a steep 104% tariff hike on Chinese goods, significantly escalating trade tensions. This move sparked a sell-off in global equity markets, including India, which further pressured the rupee,” said Jateen Trivedi, Vice President and Research Analyst – Commodity and Currency, LKP Securities.
He added, “While the RBI has attempted to support growth through rate cuts, the rupee remained under pressure due to prevailing risk-off sentiment. Market participants are now closely watching the upcoming US CPI data, which is expected to introduce fresh volatility based on inflation trends and expectations regarding future Federal Reserve rate actions.”
In the short term, the rupee is expected to trade in a volatile range between 86.25 and 86.95, with global economic indicators and inflation data serving as key drivers.
Disclaimer: The views and investment advice expressed by experts quoted on Charvijobs.com are their own and do not reflect those of the website or its management. Users are advised to consult certified financial professionals before making any investment decisions.
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