Stock market closed for Ambedkar Jayanti on April 14

BSE, NSE Closed for Ambedkar Jayanti, Trading to Resume on Tuesday

India’s leading stock exchanges—Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)—are closed on April 14 (Monday) in observance of Dr. BabaSaheb Ambedkar Jayanti, a national holiday. The suspension of operations includes all segments of the market—equities, derivatives, SLBs (securities lending and borrowing), currency derivatives, and interest rate derivatives.

The commodity derivatives segment is also closed for the morning session (9:00 AM to 5:00 PM), though it will resume trading in the evening session from 5:00 PM to 11:55 PM.

Market activity will resume on April 15 (Tuesday). However, exchanges will again remain shut on Friday, April 18, in observance of Good Friday, as per the official trading calendar released by both exchanges.

Highlights:

• Stock markets closed on April 14 for Ambedkar Jayanti.

• All trading segments, including derivatives, remain shut.

• Commodity markets open for evening session only.

• Next market holiday falls on April 18 for Good Friday.

Market Recap: Sensex, Nifty Surge Nearly 2% on April 11 Amid Easing Global Tariff Concerns

Ahead of the long weekend, Indian stock markets staged a strong comeback on April 11 (Friday), with the Sensex climbing 1,310 points (1.77%) to close at 75,157.26 and the Nifty gaining 429 points (1.92%) to settle at 22,828.55. This rally followed news of a 90-day pause on reciprocal tariffs by the United States, targeting all nations except China. The announcement renewed bullish sentiment on Dalal Street, with broad-based gains across sectors.

Despite Friday’s surge, both the Sensex and Nifty registered a weekly loss of 0.3%, reflecting prior volatility triggered by global trade tensions.

Highlights:

• Sensex ends at 75,157.26, up 1.77%; Nifty at 22,828.55, up 1.92%.

• Metal stocks lead gains, with the sectoral index up 4%.

• PSU, Auto, Oil & Gas, Power, Telecom, and Pharma indices rose 2% each.

• BSE Midcap up 1.8%; Smallcap up 3%.

• Weekly market performance remains slightly negative.

Sectoral & Technical Outlook: Metals Lead Gains, Bullish Indicators Suggest Short-Term Momentum

Top performers on the Nifty included Hindalco Industries, Tata Steel, JSW Steel, Coal India, and Jio Financial, indicating strong demand in commodity-linked and infrastructure-related counters. On the flip side, TCS, Asian Paints, and Apollo Hospitals were among the day’s laggards.

From a technical standpoint, analysts observed the formation of a long bull candle with a gap-up opening, signaling a decisive bounce-back. According to Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, the Nifty is positioned near multiple technical hurdles between 22,800–22,900 levels, with a breakout potentially opening targets around 23,400–23,500 in the near term. The immediate support is seen near 22,700.

Highlights:

• Technical indicators show bullish continuation pattern on daily and weekly charts.

• Resistance lies at 22,900–23,000; support at 22,700.

• Metals and midcaps leading bullish momentum.

Indian Rupee Strengthens Against US Dollar Amid Global Sentiment Shift

On the currency front, the Indian rupee appreciated to 86.05 per dollar, recovering from its previous close of 86.69 on April 10. The rupee’s gain was attributed to improved risk-on sentiment and broader strength in Asian currencies, driven by easing trade rhetoric from the US.

Dilip Parmar, Senior Research Analyst at HDFC Securities, noted that USD/INR may see near-term support at 85.40 and resistance around 86.90, with further movement contingent on global macroeconomic cues and US-China trade developments.

Highlights:

• Rupee ends higher at 86.05/USD amid regional currency gains.

• Support for USDINR seen at 85.40; resistance at 86.90.

• US trade policy easing boosted market and forex sentiment.