Good Friday Stock Market Holiday: Are NSE, BSE, MCX Closed Today

Good Friday Stock Market Holiday: Domestic stock exchanges, National Stock Exchange (NSE) and BSE (formerly Bombay Stock Exchange) are closed on April 3 on account of Good Friday.

Good Friday commemorates the crucifixion of Jesus Christ and is a gazetted holiday in India.

In the commodities segment, both the Multi Commodity Exchange (MCX) and the National Commodity & Derivatives Exchange (NCDEX) are also closed.

The holiday, coupled with the usual weekend closure on Saturday and Sunday, has led to an extended break for market participants. Trading will resume on Monday, April 6.

This is the second market holiday this week and the first in April. Earlier in the week, markets were closed on March 31 for Mahavir Jayanti. Besides the April 3 holiday and the usual weekend break, markets will also remain closed on April 14 for Ambedkar Jayanti.

Global Markets Closed for Good Friday

Most major global markets are shut on Friday on account of the Good Friday holiday.

In the West, stock exchanges in the United States (US), Canada and across much of Europe are closed for the day. The London Stock Exchange in the UK is also closed and will remain shut on Monday, April 6 for Easter, resulting in a four-day trading break for UK participants. Other major European bourses, including those in Germany and France, and Euronext exchanges in Paris and Amsterdam, are also closed and will remain shut on Easter Monday. Markets in Australia and Hong Kong are likewise shut, and will be closed on April 6 as well.

Markets in the US and Singapore are closed on today but will remain open on Easter, unlike European markets.

Meanwhile, in Asia, China’s Shanghai and Shenzhen exchanges are open and fully operational, as Good Friday is not observed as a public holiday in these countries. Japan’s Tokyo Stock Exchange is also trading as usual. South Korea is open as well.

Markets in the West Asia, including the UAE, Saudi Arabia, Qatar and Egypt, are functioning normally.

Market Recap

On April 2, benchmark indices staged a smart recovery post the mid-session and eventually closed in green, after witnessing a sharp sell-off in the initial hours of trade.

The BSE Sensex closed higher by 185.23 points, or 0.25 per cent, at 73.319.55. The 30-share index had slumped as much as 1588.51 points, or 2.17 per cent, to an intraday low of 71,545.81.

Likewise, the NSE Nifty 50 settled up by 33.70 points, or 0.15 per cent, at 22,713.10, before slumping 496.85 points, or 2.20 per cent, to the day's low at 22,182.55.

The initial sell-off had come after US President Donald Trump issued fresh warning to Iran, saying, “We are going to hit them extremely hard over the next two to three weeks.”

The recovery, however, came as the rupee saw sharp recovery after the Reserve Bank of India (RBI) introduced measures to curb speculation in the local currency. The rupee, as of 10:00 AM, traded 92.67 against the US dollar. It had slumped to a record low of 95.22 on March 30.