Stock market holiday today: BSE, NSE to remain shut for Dr. Baba Saheb Ambedkar Jayanti

Market Shut Today

The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on April 14 for Dr. BabaSaheb Ambedkar Jayanti.

Trading in derivatives, equities, SLBs, currency derivatives, and interest rate derivatives will remain shut for the day.

The commodity derivatives segment will also remain closed in the morning session between 9:00 am to 5:00 pm, while will remain open for the evening session between 5:00 pm to 11:55 pm.

Trading on the NSE and the BSE will resume on April 15 (Tuesday).

The market will also remain shut on Friday, April 18 on account of Good Friday.

On April 11, the bulls were back in action on Dalal Street with benchmark indices rising nearly 2 percent amid buying across the sectors after US President Donald Trump put 90-day pause on reciprocal tariffs for all countries except China. Although the 10 percent baseline tariffs will remain in place.

At close, the Sensex was up 1,310.11 points or 1.77 percent at 75,157.26, and the Nifty was up 429.40 points or 1.92 percent at 22,828.55. For the week, BSE Sensex and Nifty50 indices lost 0.3 percent each.

Biggest Nifty gainers included Hindalco Industries, Tata Steel, JSW Steel, Coal India, Jio Financial, while losers were TCS, Asian Paints and Apollo Hospitals.

All the sectoral indices ended in the green with Metal index rose 4 percent, while Auto, Oil & Gas, Power, PSU, Telecom, Pharma up 2 percent each. The BSE midcap index was rose 1.8 percent and smallcap index added 3 percent.

"After shifting into a range bound action with negative bias on Wednesday, Nifty witnesses an excellent bounce back on Friday and closed the day with hefty gains of 429 points. Nifty opened on a sharp upside gap of 297 points and moved up further in the early part of the session and it later moved into a range bound action for better part of the session," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

"A long bull candle was formed on the daily chart with gap up opening and with upper shadow. Technically, this market action indicates a decisive bounce back in the market in the short term after a violent decline amidst tariff war."

"Nifty is currently placed at the edge of the multiple hurdles like previous opening down gap of 7th April and daily 10 and 20 EMA around 22800-22900 levels. Nifty on the weekly chart formed a bullish meeting line type candle pattern. This is positive indication," Shetti added.

"The short-term trend of Nifty remains positive. A sustainable move above 22900-23000 levels could open the upside target of 23400-23500 levels in quick period of time. Immediate support is placed at 22700 levels," he said further.

Indian rupee ended higher at 86.05 per dollar on Friday against Wednesday's previous close of 86.69.

"The Indian rupee appreciates after three days of decline following stronger regional currencies and risk-on sentiments. The US government's decision of pausing reciprocal tariff for 90 days and tit-for-tat approach between US-China weighed on the greenback," said Dilip Parmar – Senior Research Analyst, HDFC Securities.

"In the near-term, spot USDINR has support at 85.40 and resistance at 86.90," he added.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.