Equity markets will remain closed on Wednesday on account of Maharashtra Day. Accordingly, all the segments including, the equity segment, derivative segment, and SLB segment will be closed.
India s suspension of equities and currency trading reminded global investors of its frontier economy status, despite its growing equity market value and aspirations to be a market-friendly nation. The closure of the stock market for the inauguration of a Hindu temple on Monday, announced with short notice, disrupted trading and drew mixed reactions on social media. While some believe it will have minimal impact on India s standing among investors, others express concern about the lack of communication and potential disruptions to algo trading.
For equity, equity derivative and securities lending & borrowing (SLB) segments, March has the most number of holidays – three – and, interestingly, all of them are either side of a weekend, making them extended trading holidays.
The multi-commodity exchange will also be closed for the first half, but will remain open for the evening session from 5:00 pm. Trade settlements will also be closed on Monday.