Stock market holiday: The month of April is about to end and the month of May is about to begin. 1st May is Maharashtra Day. Stock markets will remain closed on the occasion of Maharashtra Day. Indian stock markets will remain closed on 1st May i.e. Wednesday (stock market holiday). There will be no trading in the stock market on May 1. There will be no trading on Bombay Stock Exchange and National Stock Exchange (NSE) on Wednesday. On this day, investors or traders will neither be able to buy nor sell stocks.
For this reason the markets will remain closed
1st May is Maharashtra Day. Stock markets will remain closed on the occasion of Maharashtra Day. There will be no trading on this day. This means that there will be no trading on NSE and BSE on May 1 and traders will neither be able to sell nor buy any stock.
How was the market on 29th April?
Overall bullishness was seen during the trading session of April 29 based on the fourth quarter results. However, banking stocks completely dominated today. Due to this, Bank Nifty reached its new lifetime high. The index had reached above the level of 49,400.
The week had a strong start and the market closed near the day’s high. Nifty Bank touched a record level of 49,473, Nifty closed at 22,643, up 223 points. Sensex closed at 74,671, up 941 points. Nifty bank closed 1223 points higher at 49,424 and rupee weakened 13 paise at 83.47/$.
