Despite the market being closed, several important companies like Adani Enterprises, Adani Ports, Eternal and Home First Finance will announce their fourth quarter results.
As far as the commodity market is concerned, the multi commodity exchange (MCX) will be closed for the morning session and open only for the evening session. MCX operations in two sessions.
Regular trading for all the segments will resume on Friday, May 2.
Stock market holidays in 2025In the rest of 2025, there are seven more holidays scheduled in the calendar for Indian markets. The next holiday for the market is for Independence Day (August 15), followed by Ganesh Chaturthi (August 27).
The remaining holidays are as follows: Mahatma Gandhi Jayanti and Dussehra (October 02), Diwali (October 21), Diwali Balipratipada, (October 22) Gurpurb (November 05), and Christmas (December 25).Maharashtra Day 2025 – SignificanceMaharashtra Day, is marked on May 1 every year, is a celebration of the formation of the state of Maharashtra. On this day, the state of Maharashtra was officially born, with Mumbai as its capital.Maharashtra Day is celebrated across the state with parades, speeches, and cultural events, with the main event held at Shivaji Park in Mumbai. Government offices, schools, and stock markets remain closed as it is a public holiday.
The day also serves as a tribute to the Samyukta Maharashtra Movement, where thousands of people agitated for a separate Marathi-speaking state.
Stock market outlookInvestor sentiments remained cautious going into the holiday due to the ongoing India-Pakistan geo-political concerns. Nifty on Wednesday extended its consolidation for the second consecutive session, closing flat at 24,334
Analysts expect the market to trade in a range-bound manner with stock/sector specific action, driven by Q4 earnings announcements.
Technically, the price action continues to show consolidation, with back-to-back small-bodied candlesticks forming on the daily chart, signifying indecision in the market.
“The April monthly candle closed on a strongly bullish note, especially considering the month began below 22000 and ended with over 3.5% gains. This supports a positive bias for the May month,” said Rajesh Bhosale, Equity Technical Analyst, Angel One.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
