Nifty 50 Closed Today for Mahavir Jayanti While Global Markets Rally
Key Highlights:
The Nifty 50 today stayed inactive on account of Mahavir Jayanti, a key national holiday in India. Both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) remained closed, pausing all equity and derivatives trading for the day.
As outlined in the annual trading schedule by the NSE and BSE, April 10, 2025, was designated a trading holiday. This suspension covered all asset classes including equity, F&O (futures and options), and securities lending and borrowing (SLB). Commodity markets such as MCX and NCDEX were also shut during the morning session.
Mahavir Jayanti Holiday: Stock Exchange Closure Details
- Date: Thursday, 10 April 2025
- Reason: Mahavir Jayanti Observance
- Exchanges Closed: NSE, BSE, MCX, NCDEX
- Trading Resumes: Friday, 11 April 2025
- Segments Affected: Equity, Derivatives, SLB, Commodity (morning session)
Global Market Rally While Nifty Takes a Pause
While the Indian markets took a breather, global stock indices posted a sharp rally, reflecting a risk-on sentiment across Asia and the U.S.
Global Index Performance Snapshot (as of early 10 April)
| Index | % Change (Previous Close) |
|---|---|
| Nasdaq | +12.16% |
| ASX 200 | +6.21% |
| KOSPI | +4.50% |
| Nikkei 225 | +1.93% |
| TAIEX | +9.34% |
| Hang Seng | +2.69% |
This rally was primarily powered by:
- Robust earnings forecasts from U.S. tech giants
- Accelerating AI and semiconductor demand
- Positive U.S. inflation signals
- Expectations of a dovish U.S. Fed stance
The tech-heavy Nasdaq led the charge, setting the tone for Asian counterparts including KOSPI and TAIEX. Analysts see this as a prelude to a potential tech-led rally in India once markets resume.
Impact on Indian Markets: What to Expect Tomorrow
When the Nifty 50 opens on 11 April, it will be the first session to react to this bullish wave. Based on overnight sentiment and global cues, analysts expect a positive gap-up opening.
Likely Beneficiaries:
- Information Technology: Infosys, TCS, and Tech Mahindra could follow Nasdaq’s momentum
- Banking & Financials: HDFC Bank, SBI, and Axis Bank may open stronger
- Auto & Consumption: Maruti, M&M, and HUL are likely to see higher inflows
- Semiconductor-related stocks: Dixon Tech, Tata Elxsi, and Kaynes may attract trader interest
Nifty 50 Recap – 9 April 2025 Trading Session
On the last trading day before the holiday, Nifty 50 ended marginally lower due to profit booking and pre-holiday positioning.
| Metric | Value |
|---|---|
| Closing Price | 22,641.65 |
| Change | -25.90 (-0.11%) |
| Intraday High | 22,722.10 |
| Intraday Low | 22,578.75 |
| Previous Close | 22,667.55 |
Market participants squared off long positions ahead of the extended break and awaited key U.S. CPI data.
Technical Outlook for 11 April
| Level Type | Value |
|---|---|
| Immediate Support | 22,500 |
| Immediate Resistance | 22,780 |
| Breakout Level | 22,850 |
If Nifty opens above 22,700 and sustains the level in early trade, it may attempt to break past 22,850, potentially marking new all-time highs.
What This Means for You
For traders and retail investors:
- Be ready for potential gap-up opportunities
- Focus on tech and midcap momentum trades
- Keep an eye on volatility around U.S. inflation data
For institutions:
- Likely to realign portfolios with global tech trends
- Earnings season may accelerate sectoral rotation into IT and financials
Expert View: Global Cues May Set the Tone
“Given the synchronized rally across Asia and Nasdaq’s surge, India could play catch-up on Friday. The rally in TAIEX and KOSPI, both tech-heavy, is a clear signal for Nifty IT and midcaps to shine,” said Anand Rathi, Head of Institutional Equities, Mumbai.
“If Nifty sustains above 22,700 tomorrow, we could see a test of 23,000 in April itself,” added Mitali Ghosh, Derivatives Strategist, Bangalore.
How to Take Action Tomorrow
- Track SGX Nifty early Friday for directional cues
- Monitor early volume in IT and Financial stocks
- Review overnight U.S. inflation numbers
- Use trailing stop-loss for momentum trades
- Avoid over-leveraging post-gap up—volatility may return
Nifty 50 Today Shut But Bullish Winds Blow In
Though the Nifty 50 today remained inactive due to Mahavir Jayanti, the broader global market sentiment suggests a strong opening for Indian equities on 11 April.
With Asia rallying and Nasdaq clocking double-digit gains, Indian investors and institutions are likely to adopt a buy-on-gap strategy, especially in tech, banking, and consumer names. All eyes will be on SGX Nifty, early FII flows, and the IT earnings preview.
A critical day lies ahead as India attempts to sync with global optimism post-holiday.
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