Indian share market is closed today, May 1, and the trading will be suspended in both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) during the day. The Indian equities are closed on the account of Maharashtra Day. Maharashtra Day signifies the formation of the state after the division of Bombay presidency into Maharashtra and Gujarat.
Meanwhile, the Equity segment, Equity Derivative segment, SLB segment and Currency Derivatives segments will also remain close today.
India’s share market indices, Sensex and Nifty50, closed almost flat on Wednesday, April 30, 2025. The Sensex (index with top 30 firms) tumbled 46.14 points to close at 80,242.24 on Wednesday. Meanwhile, Nifty50 (index with top 50 firms) was down 1.75 points to close at 24,334.20 points. Among the sensex-packed stocks, 15 advanced while 15 saw the decline.
In the Asian region, Japan’s Nikkei opened on a positive note with a modest gain of 0.4%, and was trading at 36,190 in the early hours.
Ajay Bagga, Banking and Market Expert told ANI, “Indian markets are seeing a robust FPI inflow and continued domestic inflow which is helping the markets. However, the big question is the nature of the Indian retaliation against Pakistan. A statement from Pakistan officials yesterday that an Indian attack was imminent in the next two days has heightened risk perceptions. There will be a sharp downward reaction to any military action by India on terror sponsor Pakistan. That is what is holding back Indian markets at present.”
Bank Holiday
The banks across many states in India including Karnataka, West Bengal, Maharashtra, and Bihar will be closed today, May 1. This holiday is on the account of Maharashtra Day, and International Labour Day. International Labour Day is celebrated to promote worker rights and protection from exploitation.
Notably, this is the 3rd consecutive bank holiday. Banks were closed on April 30, particularly in Karnataka, on the account of Basava Jayanti and Akshaya Tritya. The banks were also closed on April 29 on the account of Bhagwan Shri Parshuram Jayanti, particularly in Himachal Pradesh.
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