Stock market holiday: Are BSE, NSE closed for Maharashtra Day tomorrow?

Since it’s also a settlement holiday, the commodity account balance on May 1 will not include the credits from profits (realized and marked to market) from trades or positions in commodity derivatives on April 28 and also the credits from existing option positions on April 28.

Markets have a total of 15 holidays in the calendar year 2024, the same as 2023. In the year 2023, markets were closed for 15 annual holidays.

For the rest of 2024, markets will be shut for, 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).

A special muhurat trading will be held on November 01 for Diwali. The exchanges may alter any of the above holidays, for which a separate circular will be issued in advance.

Tracking a rally in global equities, domestic markets continued their positive trend even on Tuesday.

Analysts said the outlook remains positive with factors like net buying by FIIs and DIIs, crude oil slipping below $83 a barrel, and anticipation of a pre-election rally.

"The focus now shifts to the Fed decision outcome on May 1 and the April jobs report on May 3," said Prashanth Tapse, Senior VP (Research), Mehta Equities.

Technically, analysts said investors can expect a consolidation as long as the index is below 22660, leaving room for an extension in the uptrend in the day, aiming for 22790.

"Alternatively, consolidation bias will be replaced by bearish bias if unable to float above 22580- 60, but we will wait for a slippage past 22450 to join the bear," said Anand James, Chief Market Strategist, Geojit Financial Services.