NSE, BSE to be closed today on account of Ram Navami1 min read . Updated: 02 Apr 2020, 07:57 AM IST
- Financial markets will resume trading on Friday, 3 April
- The first day of the financial year started on a negative note
India's Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will be closed today for any trading activity including currency, debt and equity, on account of Ram Navami holiday.
Financial markets will resume trading on Friday, 3 April.
The first day of the financial year started on a weak note for the markets, with NSE Nifty 50 index closed down 4% at 8,253.8 and the benchmark S&P BSE Sensex ended 4.08% lower at 28,265.31.
Banks and IT stocks led the blue chip losers with Tech Mahindra plunged 9.21% to ₹512, followed by Kotak Mahindra Bank, which fell 8.81% to ₹1,182. TCS, Infosys and Axis Bank were among the other major losers. Meanwhile gainers were Hero MotoCorp, Grasim, Bajaj Auto, Bajaj Finance, Yes Bank and Titan Company.
Share market traders on Dalal Street will get a lesser number of holidays in the new year 2020. Besides Saturdays and Sundays, both the BSE and the NSE will be shut for 12 days in 2020, according to the trading calendar of the two stock exchanges. In 2019, the markets were closed for 17 days.