Outlook Business Desk
Holi, the biggest festival of colors in the country, is around the corner and millions of investors are eager to know if the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain open or not.
The Indian stock market will be closed on Friday, March 14 on the occasion of Holi. No trading activities will be conducted on that day.
However, the Indian stock market will remain open on Thursday, March 13 despite Holi celebrations in several states.
The shutdown will affect trading in all major segments including equity, equity derivatives, securities lending and borrowing (SLB), electronic gold receipts (EGR) and currency derivatives.
Trading will resume on Monday, March 17 after the extended weekend break according to the holiday schedule issued by the NSE and BSE.
In recent months, the stock market has been going through a stress with the Nifty dropping nearly 15% from its September peak. This is the first time in history that the index has fallen for five straight months without a recovery.
Global economic uncertainty, rising interest rates and continued foreign investor sell-offs have fueled the market downturn. Motilal Oswal highlighted that while the Nifty 50 trades 9% below its historical average, mid-cap and small-cap stocks remain overvalued by 22-25%.
In 2025, the Indian stock market will observe 14 holidays, according to the BSE and NSE schedule. Apart from Holi, the market will also be closed on Monday, March 31, for Id-ul-Fitr.