Indian Stock Markets Closed on Shri Mahavir Jayanti
Indian Stock Markets to Remain Closed on March 31 Due to Shri Mahavir Jayanti
The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will observe a holiday on March 31 to mark the occasion of Shri Mahavir Jayanti. As a result, trading activities in equities, equity derivatives, securities lending and borrowing (SLBs), currency derivatives, and interest rate derivatives will be suspended for the day on both exchanges.
The commodity derivatives segment will remain closed during the morning session but will reopen for trading in the evening session. Trading activities on the NSE and BSE will recommence on April 1.
Market Performance in the Last Session
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The Indian benchmark indices extended their decline for the second consecutive session on March 30. The Nifty 50 index closed below the 22,350 mark, while the Sensex was down 1,635.67 points or 2.22 percent at 71,947.55. The Nifty was down 488.20 points or 2.14 percent at 22,331.40.
| Index | Previous Close | Current Close | Percentage Change |
|---|---|---|---|
| Sensex | 73,583.22 | 71,947.55 | -2.22% |
| Nifty | 22,819.60 | 22,331.40 | -2.14% |
The Nifty 50 index declined more than 11 percent in March, marking its biggest monthly loss since March 2020. Broader markets also witnessed sharp declines, with the Nifty Midcap and Smallcap indices shedding around 2.6 percent each.
Sector Performance
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All sectors ended in the red, with auto, FMCG, consumer durables, capital goods, telecom, realty, private bank, and PSU bank experiencing declines of 2-4 percent.
| Sector | Previous Close | Current Close | Percentage Change |
|---|---|---|---|
| Auto | -3.2% | ||
| FMCG | -3.5% | ||
| Consumer Durables | -3.1% | ||
| Capital Goods | -3.8% | ||
| Telecom | -3.2% | ||
| Realty | -3.5% | ||
| Private Bank | -3.8% | ||
| PSU Bank | -3.5% |
Key Losers and Gainers
Among the Nifty constituents, major losers included Bajaj Finance, Axis Bank, Bajaj Finserv, State Bank of India, and InterGlobe Aviation. On the other hand, gainers were Hindalco Industries, Coal India, ONGC, and Power Grid Corporation of India.
Indian Rupee Hits Record Low
On Wednesday, the Indian rupee failed to hold on to the opening gains of 134 paise and crossed the 95 mark for the first time, hitting a record low of 95.12. It eventually ended nearly flat at 94.83 per dollar against Friday's close of 94.81.
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