Share Market Holiday: Indian stock market will be closed today, due to Mahavir Jayanti 2025 and no trading in the equity market will take place on April 10.
April will witness 3 stock market holidays, which includes the offs on 10 April 2025 for Shri Mahavir Jayanti, 14 April 2025 for Dr Baba Saheb Ambedkar Jayanti, and 18 April 2025 for Good Friday. Notably, all the trading activities on NSE and BSE will remain closed today.
Meanwhile, the Equity segment, Equity Derivative segment, SLB segment and Currency Derivatives segments will also remain close today.
In the recent times, Indian equities are under pressure due to the global recession fears because of the announcement of reciprocal tariffs by the US President Donald Trump.
India’s benchmark indices, Sensex and Nifty50, ended the day’s trade in red on Wednesday, April 9, 2025. The Sensex (index with top 30 firms) tumbled 328.96 points to close at 73,898.12 on Wednesday. Meanwhile, Nifty50 (index with top 50 firms) was down 136.70 points to close at 22,399.15 points. Among the Sensex-packed stocks, 18 closed in red, while 12 advanced.
Share Market Holiday: What Else?
The Reserve Bank of India (RBI) has announced its first monetary policy of Fiscal Year (FY) 2025-26 today, April 9. The RBI has reduced the benchmark repo rate by 25 basis points (bps) to 6.00% from 6.25%.
However, this too failed to impress the share market. Several experts wanted a more robust, 50 basis points rate cut in the repo rate.
RBI Governor Malhotra unveiled the decision in the monetary policy statement on Wednesday. During his address, Malhotra pointed out towards the global uncertainties following the reciprocal tariffs announcement by US President Donald Trump.
This drop was also triggered by the tensions between the United States and China over tariffs has escalated following the US imposing 104% tariff on China. The 104% tariff will go into effect starting Wednesday.
The White House made the announcement regarding the tariffs on Tuesday. This came after China imposed a retaliatory tariff on the US following the ‘the Liberation Day’ announcement by the US President Donald Trump.
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