Is the stock market open for Eid-Ul-Fitr (Ramzan Id) tomorrow?

Equity markets will remain closed for a total of 145 days in the calendar year, the same as that of 2023.

Apart from Ramzan Id and Ram Navami, the markets will be shut for Maharashtra Day (May 1), Bakri Id (June 17), Muharram (July 17), Independence Day (August 15), Mahatma Gandhi (October 2), Diwali (November 1), Gurunanak Jayanti (November 15) and Christmas (December 25).

The exchanges may alter any of the above holidays, for which a separate circular will be issued in advance.

In Wednesday's trading session, Indian equity indices traded higher, led by energy and banking stocks, ahead of key U.S. inflation readings later in the day.

Meanwhile, S&P BSE Sensex was trading at 75,886 around 12:30 pm, gaining 202 points or 0.28%, and the broader Nifty was trading at 22,702, higher by 59 points or 0.26% around this time.

The Nifty breadth was skewed in favour of bulls with 31 stocks trading in the green, and 19 in the red. The top gainers were , , , , and , while the top losers were , , , SBi Life, and Divi's Laboratories.

"A significant recent healthy trend in the market is the outperformance of the fundamentally strong largecaps over the mid and smallcaps. This trend is making the market healthier and, therefore, has the potential to continue. Largecap banking stocks are likely to be the leaders if the rally sustains," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

"The US CPI data to be published today is significant since that will determine the quantum of rate cuts by the Fed this year. The fact that US inflation has come down by two-thirds is significant and positive from the market perspective, but the trajectory of inflation, going forward, will largely influence the direction of stock markets, globally," Vijayakumar said.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)