Finance outlook india logo
Home News Exclusive Expert's Viewpoint Corporate Startup Fintech Personal Magazine Budget'24
  • Budget'25 Budget'24
    • Home
    • News

    Holi Causes the Stock Market to be Closed Today


    Finance Outlook India Team | Monday, 25 March 2024

    Due to Holi, Monday's currency, debt, and equities markets in India will be closed. The trade will return on Tuesday, March 26.

    The BSE Sensex closed with a marginal uptick of 0.26% at 72,831.94 points, while the NSE Nifty 50 index saw a slightly higher increase of 0.39%, reaching 22,096.75 points. This positive movement in the equity markets can be attributed to the Federal Reserve's decision to maintain its accommodative monetary policy stance throughout the year, bolstering investor sentiment and resulting in weekly gains for both indexes.

    However, on Friday, the Indian rupee experienced significant depreciation, plunging to an unprecedented low of 83.43 against the US dollar, spurred by heightened local demand for dollars and a downturn in the offshore Chinese yuan. The currency closed at a record low of 83.4250, underscoring the impact of these factors on the foreign exchange market.

    In the final week of the financial year, which is shortened by holidays, states shocked the market by announcing plans to sell record amounts of debt. As a result, the benchmark 10-year bond was quoted at Rs 100.58, with a yield that was up 4 basis points at 7.0927%.



    Read More:

    Oben Electric Launches Next-Gen Rorr EZ Sigma at an Introductory Price of Rs.1.27 Lakh

    Trump Suggests 20-25% tariffs on Indian Imports

    KNOWLEDGE DECK

    Most Viewed

    • The Economic Impact of India-Pakistan War: A Detailed Analysis

    • Why Financial Literacy Matters More Than Ever for Today's Youth

    • Prominent Financial Advisors in India to Partner With

    • Rags to Riches: The Top 6 Indian Entrepreneurs' Motivational Tales of Success

    • Navigating Financial Disruption With Future Proof Financial Service Deliverability

    • India's Rs 31 Lakh Cr Green Push: Building the Foundation of a Net-Zero Future

    • Wakhariya & Wakhariya: Facilitating International Legal Processes across Diverse Domains

    • Aligning Financial Strategies with Sustainable Business Goals

    • The Top 5 Highest-paid Actors in India - 2024

    • Central Government Proposes Tax on Agricultural Water Usage

    • Carpediem Capital Invests INR 100 Crore, CorporatEdge to Deploy INR 350 Crore in the next 3 Years

    • EPFO Registers All-Time High Member Addition of 20.06 Lakh in May 2025

    • Unearthing Intricacies of Today and Beyond in the Indian Insurance Sector

    • Expected Correction in Housing Prices to Revive Sales in Coming Quarters

    • How to Choose the Right Mutual Fund for your Financial Goals?

    • Future of Corporate Finance: Emerging Trends in Treasury Solutions and Cash Management for MNCs

    • ElasticRun Announces FY24 Financial Results: Key Details

    • Financial Inclusion in Viksit Bharat

    • Abans Financial Services Advises Vaishali Pharma on Strategic Acquisition of Kesar Pharma






    🍪 Do you like Cookies?

    We use cookies to ensure you get the best experience on our website. Read more...

    Copyright © 2025 Finance Outlook India. All rights reserved.   Privacy Policy Terms of Use Blogs Conferences Subscribe About Us