Amid the looming reciprocal tariff threat, the Indian stock market closed FY25 on a high note. Latest data suggest that the share market posted a five percent gain amid the impending Trump tariff deadline. While there is a lot of scepticism about the impact of the trade policies introduced by Donald Trump in his second stint at the White House, there is a celebration in the air on account of Eid-ul-Fitr.
Unlike many festivals that have a fixed schedule and date, the timing of Eid-ul-Fitr celebrations remains uncertain due to the sighting of the crescent moon. This year, there was significant speculation regarding when Eid will be celebrated in India. While some say the festival will fall on March 31, others believe it will be on April 1, 2025. However, the crescent moon was sighted on Sunday evening and India will be celebrating Eid today.
Amid this uncertainty, investors were also confused about the trading schedule for the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). While the sighting of the moon and the subsequent decision on Eid celebrations came much late on Sunday, the market holiday for this festival follows a fixed schedule.
As per the holiday calendars of both NSE and BSE, the stock markets in India will remain shut today i.e. on March 31 on account of Eid-ul-Fitr. Apart from the share market, the currency derivatives segment will also remain shut on Monday.
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