Indian stock markets will remain closed on Thursday on account of Ram Navami, with no trading activity scheduled across exchanges.
The holiday applies to both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), in line with the official trading calendar.
Trading will remain suspended across major segments, including equity, equity derivatives, currency derivatives, as well as NDS-RST and Tri-Party Repo segments.
Market participants will resume operations once exchanges reopen after the holiday.
The Multi-Commodity Exchange of India (MCX) has announced a partial trading holiday. While the morning session will remain closed, commodity trading will resume in the evening session from 5 pm, following the usual schedule.
Stock exchanges will observe additional holidays on March 31 for Mahavir Jayanti and April 3 for Good Friday.
Notably, there are no scheduled stock market holidays in July and August this year.
On Wednesday, markets extended gains for a second consecutive session, supported by easing oil prices and positive global cues.
Investor sentiment strengthened after Donald Trump reiterated that efforts were underway to resolve the ongoing conflict in the Middle East.
Benchmark indices posted solid gains, with the Nifty rising 1.72 per cent, or 392.70 points, to close at 23,306.45. The Sensex also advanced 1.63 per cent, or 1,205 points, ending at 75,273.45.
Analysts identified the 23,300–23,350 range as a crucial zone for near-term stability. Holding above this level may support further consolidation, while a drop below could trigger renewed selling pressure.
On the upside, the 23,500–23,600 range remains a strong supply zone, followed by 23,800. On the downside, 23,000 serves as key support, with 22,900 as the next level in case of weakness.
Experts said easing geopolitical tensions and softer oil prices played a key role in driving the recent market rally.
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