Is BSE, NSE, MCX closed today due to Mahavir Jayanti? How many days of holiday this week?
The stock market is closed today due to Mahavir Jayanti. In addition to Tuesday this week, Friday is also a holiday in the Indian stock market. This is not the end, on the occasion of Dr. BR Ambedkar's birth anniversary, the market will also be closed on April 14 next week.
According to the BSE website, the equity derivatives segment, equity segment, SLB (Securities Lending and Borrowing) segment, currency derivatives segment and interest rate derivatives segment will also be closed on these three days. Today, Multi Commodity Exchange (MCX) will be closed for morning trading session, but it will open for evening trading at 5 PM.
On April 3, the S&P BSE Sensex ended up 114.92 points, or 0.19 percent, at 59,106.44, while the Nifty was up 38.20 points, or 0.22 percent, at 17,398. Domestic equities were subdued ahead of RBI's monetary policy announcement. Nifty opened higher but traded flat for most of the trading session.
Reserve Bank monetary policy meeting (RBIMPC Meeting) has been held at the beginning of the week. The meeting will discuss which way the country will walk to prevent inflation. Basically, the new repo rate will be known on the 6th.
The Reserve Bank's Monetary Policy Committee will decide on interest rates in this three-day meeting. Market experts say several central banks, including the US Federal Reserve, will have an impact on India by raising interest rates. Accordingly, the Reserve Bank may decide to increase the repo rate by 25 basis points i.e. 0.25 percent in the next meeting.RBI's Monetary Policy Committee meets every two months to set interest rates. of this meeting
The result will be declared on 06 April. The meeting comes at a time when retail inflation is still above the Reserve Bank's 06 percent range. Retail inflation is the most important consideration by the Reserve Bank while setting interest rates. In addition, some domestic and global recessions may affect central bank decisions.
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