Good Friday 2024: Stock Market Closures, April Holiday List Unveiled

As Good Friday dawns upon the financial landscape, investors and traders brace themselves for a temporary halt in market activities. The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have announced their closure on 29 March in observance of Good Friday, marking a pause in trading activities across various segments.

Both BSE and NSE will suspend trading in derivatives, equities, SLBs (Securities Lending and Borrowing), currency derivatives, and the interest rate derivatives segment. Additionally, the commodity derivatives segment will also remain closed. Market enthusiasts can anticipate the resumption of trading activities on Monday, April 1, following the Good Friday hiatus.

In the ever-dynamic realm of stock trading, staying abreast of market holidays is imperative for maintaining smooth trading operations and executing effective risk management strategies.

Looking ahead, investors are advised to mark their calendars for forthcoming market holidays in April 2024. These include:

11 April, 2024 (Thursday): Eid-Ul-Fitr (Ramadan Eid)

17 April, 2024 (Wednesday): Ram Navami

Amidst the backdrop of market closures, the benchmark indices concluded the final trading session of the fiscal year on a positive note, buoyed by favourable global cues. The Sensex, India's benchmark stock index, surged nearly 1,200 points during intra-day trading, ultimately closing at 73,651, marking a notable increase of 0.9 percent. Similarly, the Nifty, another prominent index, witnessed a commendable rise of 0.9 percent, settling at 22,326.

Reflecting on the fiscal year's performance, the indices demonstrated remarkable growth, with gains of 28.6 percent and 24.8 percent for the Sensex and Nifty, respectively. This surge outpaced the performance of numerous other major market indices. Notably, the Nifty Midcap and Nifty Smallcap indices experienced substantial growth, soaring by 60 percent and 70 percent, respectively. The latter's performance notably marked its best showing in the past three financial years.

As the financial year draws to a close and the market gears up for a brief pause on Good Friday, investors are poised to navigate the dynamic landscape of stock trading with prudence and foresight, leveraging insights from past performances to inform their strategies for the future.