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Stock Markets Closed for Ram Navami; Nifty Hits 23,300, Sensex Gains 1,200 Pts

Indian stock exchanges will remain closed on Thursday for the Ram Navami holiday. Markets rallied on Wednesday, with the Nifty and Sensex posting strong gains of over 1.6% each, buoyed by softer oil prices and positive global sentiment. Analysts identify 23,300-23,350 as a critical zone for the Nifty, with stability above this level being key for short-term trends. Further trading holidays are scheduled for Mahavir Jayanti and Good Friday in the coming days.

Key Points: Stock Market Holiday for Ram Navami; Sensex, Nifty Rally

  • Markets closed for Ram Navami
  • Nifty up 1.72%, Sensex gains 1,205 pts
  • Rally on easing oil, global cues
  • Next holidays: Mahavir Jayanti, Good Friday
  • Critical zone for Nifty at 23,300-23,350
2 min read

Sensex, Nifty to remain closed on Ram Navami

Indian stock markets closed for Ram Navami. Nifty crosses 23,300, Sensex gains 1,200 points on easing oil prices and global cues. Check trading holidays.

"23,300-23,350 remains a critical zone. Sustaining above this range could provide short-term stability. - Market Expert"

Mumbai, March 26

The Indian stock markets will remain closed for trading on Thursday on the occasion of Ram Navami.

According to the stock market holiday calendar, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain shut and no trading will take place.

Moreover, the Equity Segment, Equity Derivative Segment, Currency Derivatives Segments and NDS-RST and Tri Party Repo segments will remain closed for trading.

The Multi Commodity Exchange of India (MCX) declared a trading holiday for the first half, or the morning session. Trading in commodities on all exchanges will begin in the evening session at 5 pm.

The stock exchanges will also observe trading holidays on March 31 for Mahavir Jayanti and April 3 for Good Friday. There will be no stock market holidays in July and August this year.

On Wednesday, stock markets ended higher for the second straight session, supported by easing oil prices and positive global cues.

Investor sentiment improved after US President Donald Trump reiterated that talks are ongoing to bring an end to the conflict in the Middle East.

The benchmark indices saw strong gains, with the Nifty rising 1.72 per cent, or 392.70 points, to close at 23,306.45. The Sensex also advanced 1.63 per cent, or 1,205 points, to settle at 75,273.45.

Going ahead, 23,300-23,350 remains a critical zone. Sustaining above this range could provide short-term stability, while failure to hold may invite renewed selling pressure, a market expert stated.

On the upside, 23,500-23,600 continues to act as a strong supply zone, followed by 23,800. On the downside, 23,000 remains a crucial support backed by strong demand and OI build-up, with 22,900 as the next support in case of weakness, an analyst added.

Analysts said that the market rally was driven by hopes of easing geopolitical tensions and softer oil prices, which boosted investor confidence across sectors.

- IANS

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Reader Comments

S
Sarah B
As an NRI investor, I appreciate the transparency in the holiday calendar. It helps in planning my trades. The analysis on the 23,300 zone is crucial. Let's see if the support holds after the long weekend.
A
Ananya R
Jai Shri Ram! 🙏 It's important to have these holidays. Markets can wait, faith comes first. The positive close before the holiday is a good sign for sentiment.
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Vikram M
While I respect the holiday, three trading holidays in close succession (Ram Navami, Mahavir Jayanti, Good Friday) can disrupt the flow a bit, especially for derivatives. Maybe exchanges could look at a more consolidated holiday schedule? Just a thought.
K
Karthik V
The MCX evening session is a smart move. Allows some activity while observing the holiday. The rally was driven by solid reasons - lower oil is a big relief for our economy. Fingers crossed for 23,500!
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Priya S
Perfect time for a break! Markets were getting too heated. Let investors cool off and come back fresh. Hope everyone has a peaceful Ram Navami. The article gives a clear technical view for the next session.

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