Stock markets will be closed on Thursday due to the observance of Bakri-Id, resulting in a total of 15 annual holidays in 2023. The multi-commodity exchange will also have a half-day closure. The ideaForge IPO subscription period has been extended by a day. Despite the market holiday, benchmark indices reached record highs earlier in the week, prompting experts to advise investors to focus on long-term asset allocation rather than timing the market.