Indian stock markets will remain closed on Tuesday on the occasion of Ram Navami, with the next trading session likely to commence after the holidays.
The stock markets on Wednesday registered strong gains, owing to reported closed-door peace talks between Washington and Tehran in Islamabad, Pakistan.
According to the stock market Holiday calendar shared by the National Stock Exchange (NSE), today’s closure is one of the several upcoming breaks in the mid-year schedule, with the next holiday slated for Mahavir Jayanti on March 31.
After today Markets will close again on Friday, April 3, and Babasaheb Ambedkar Jayanti on April 14.
While it is slated to close on Maharashtra Day on May 1, Eid-ul-Adha on May 28, and Muharram on June 26.
On Wednesday, both indices, Sensex and Nifty, recovered after the previous week’s losses due to the Iran-US war. BSE’s Sensex gained 1205.00 points, or 1.63 per cent, to settle at 75,273.45. While the NSE’s Nifty 50 climbed 394.05 points to close at 23,306.45 points.
Experts have expressed positive optimism in the coming weeks, owing to returning investor confidence in the share markets despite the prevailing West Asia crisis.
Shrikant Chouhan, Head of Equity Research at Kotak Securities, observed that the benchmark indices maintained positive momentum throughout the prior trading day.
Chouhan said on Wednesday, "Today, the benchmark indices continued their positive momentum, with the Nifty ending 394 points higher and the Sensex up by 1205 points."
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