On both days, equity sector, equity derivative segment and SLB component will witness no trading due to the stock market holiday.
As per the BSE trading holidays list for 2022, the stock market will continue closed next month on May 3 due to Id-Ul-Fitr (Ramzan Id).
Meanwhile, the Indian markets ended in the red on all three trading sessions in a holiday-shortened week. Benchmark Nifty50 closed lower by 0.62%, 0.82% and 0.31% on Monday, Tuesday and Wednesday respectively.
On Wednesday, the Nifty50 dropped more than 50 points to slip below 17,500, while the Sensex declined nearly 250 points to settle around 58,300. Nifty midcap index fell flat, while the small cap index rose 0.19%.
Sectorally, FMCG, metal, oil & gas, pharma and healthcare saw some buying interest in an otherwise weak market, while all other sectors largely trade in negative. Banking and financial stocks were worst hit with HDFC twins leading the drag.
Though the global markets have already factored higher levels of inflation owing to high fuel and food prices, the unfavourable numbers dampened investor sentiments, Vinod Nair, Head of Research at Geojit Financial Services said in his post-market comment on Wednesday.
“The ECB policy decision will be closely monitored for direction on how the Central bank plans to balance slowing growth and record-high inflation. With the onset of the earnings season, the market is likely to be buoyed by sector-specific momentum,” he added.
"We have a long weekend ahead and markets will react to two major earnings that are Infosys and HDFC bank on Monday, April 18, 2022, said Ajit Mishra, VP - Research, Religare Broking Ltd. He said any major development on the global front in the next four days would also impact the sentiment.
"On the index front, Nifty is nowadays respecting the main line of defence which is 20 EMA on the daily chart around 17,400 and its breakdown can push the index to the 17,250-zone, said. In case of a rebound, the 17,650-17,750 zone would act as an immediate hurdle. We suggest preferring hedged bets and maintaining a focus on stock selection," he added.
On Wednesday, the Nifty50 dropped more than 50 points to slip below 17,500, while the Sensex declined nearly 250 points to settle around 58,300. Nifty midcap index fell flat, while the small cap index rose 0.19%.
Sectorally, FMCG, metal, oil & gas, pharma and healthcare saw some buying interest in an otherwise weak market, while all other sectors largely trade in negative. Banking and financial stocks were worst hit with HDFC twins leading the drag.
Though the global markets have already factored higher levels of inflation owing to high fuel and food prices, the unfavourable numbers dampened investor sentiments, Vinod Nair, Head of Research at Geojit Financial Services said in his post market comment on Wednesday.
“The ECB policy decision will be closely monitored for direction on how the Central bank plans to balance slowing growth and record-high inflation. With the onset of the earnings season, the market is likely to be buoyed by sector specific momentum,” he added.
STOCK MARKET HOLIDAYS LIST
Republic Day | January 26,2022 | Wednesday |
Mahashivratri | March 01,2022 | Tuesday |
Holi | March 18,2022 | Friday |
Mahavir Jayanti / Dr.Baba Saheb Ambedkar Jayanti | April 14,2022 | Thursday |
Good Friday | April 15,2022 | Friday |
Id-Ul-Fitr (Ramzan Id) | May 03,2022 | Tuesday |
Muharram | August 09,2022 | Tuesday |
Independence Day | August 15,2022 | Monday |
Ganesh Chaturthi | August 31,2022 | Wednesday |
Dussehra | October 05,2022 | Wednesday |
Diwali * Laxmi Pujan | October 24,2022 | Monday |
Diwali Balipratipada | October 26,2022 | Wednesday |
Gurunanak Jayanti | November 08,2022 | Tuesday |