NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%

India's Stock Markets to Close on Thursday for Bakrid

The Indian stock markets will remain closed on Thursday, resulting in a shortened trading week, due to the celebration of Bakrid. This holiday marks a significant break in the trading schedule and will impact market participants as they adjust to the condensed week.

Trading on the domestic exchanges will resume on Friday, followed by the regular weekend holidays on Saturday and Sunday. This brief closure will not disrupt the overall market momentum, as the trading week will resume promptly on Friday.

The next market holiday in India will be observed in June for Muharram, followed by the next holiday in September. Investors and traders should note these upcoming holidays to ensure they are prepared for the reduced trading activity.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

In addition to the already scheduled holidays, November 8 will also be a trading holiday on account of Diwali Laxmi Pujan. However, this day falls on a Sunday, so it will not impact the trading week. Nevertheless, Muhurat Trading will be conducted on the occasion, with timings to be announced later through a circular issued by the exchanges.

Key Dates:

HolidayDate
BakridThursday
MuharramJune
Next HolidaySeptember
Diwali Laxmi PujanNovember 8

The Multi Commodity Exchange (MCX) will remain closed for the morning session from 9 am to 5 pm on Thursday. Trading will resume for the evening session between 5 pm and 11:30 pm/11:55 pm.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

Investor Takeaway

Markets will remain closed on May 28 for Eid-al-Fitr celebrations, resuming on Friday.

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