Stock Market Closed Today for Maharashtra Day: All You Need to Know
Stock Market Closed Today for Maharashtra Day: The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will be closed on May 1 in observance of Maharashtra Day. No trading will take place in equity, derivatives, currency, or interest rate segments.
Also Read: Stock market opened in red, Sensex fell by 232 points, Nifty also slipped
Commodity Market: Morning Closed, Evening Open
The commodity derivatives market will stay shut during the morning session (9:00 AM to 5:00 PM). However, the evening session (5:00 PM to 11:55 PM) will remain open.
Market to Reopen on May 2
Trading across all segments on NSE and BSE will resume on May 2 (Friday).
Market Recap: April 30 Performance
Indices End Slightly Lower
On April 30, markets saw a marginal dip. The Sensex ended down by 46.14 points at 80,242.24, and the Nifty50 dropped 1.75 points to close at 24,334.20.
Despite this dip, both indices gained 3.5% in April.
Top Gainers and Losers on Nifty
Gainers:
- Maruti Suzuki
- HDFC Life
- Bharti Airtel
- SBI Life Insurance
- Power Grid Corp
Losers:
- Bajaj Finserv
- Bajaj Finance
- Trent
- Tata Motors
- SBI
Sector-Wise Performance
- Realty: +2%
- Pharma: +0.4%
- Media & PSU Banks: -2% each
- Energy, IT, Consumer Durables: -0.3% to -0.9%
The midcap and smallcap indices underperformed, with Midcap down 0.8% and Smallcap falling 1.7%.
Technical Outlook: Nifty Still in Bullish Zone
According to analysts, Nifty is consolidating, but staying above the 20 EMA suggests the bullish trend is intact. Resistance is seen at 24,550, while support is at 24,200.
Rupee Gains Sharply Against Dollar
The Indian Rupee strengthened by 76 paise to close at 84.49 per dollar on Wednesday, up from 85.25. Experts say this was due to strong foreign fund inflows and positive sentiment around a US-India trade deal.
The rupee is expected to trade between 84.00–84.90 in the near term, showing a positive outlook.
Also Read: Gold Price Today: Rs.10 Up in India, Silver Drops Rs.100 per Kg
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