Sensex Closed Today for Mahavir Jayanti Even as Global Markets Rally Strongly
The Sensex today remained shut due to Mahavir Jayanti, a public holiday observed across India to commemorate the birth of Lord Mahavira, the 24th Tirthankara of Jainism.
The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) both suspended trading across all market segments, including equities, derivatives, and SLB (Securities Lending and Borrowing). Commodity exchanges such as MCX and NCDEX were also non-operational during the morning session.
Why Is the Stock Market Closed Today?
Mahavir Jayanti is a national financial holiday, and hence, Indian markets remain fully shut. This closure aligns with the official holiday calendar released by Indian exchanges at the start of the financial year.
Global Markets Rally While Sensex Takes a Breather
Despite the Sensex being closed today, international financial markets—particularly in Asia and the U.S.—surged sharply, supported by strong earnings cues and tech-led momentum.
Key Global Market Movements – 10 April 2025 (Morning)
| Index | Performance |
|---|---|
| Nasdaq (9 Apr) | +12.16% |
| ASX 200 | +6.21% |
| KOSPI | +4.50% |
| Nikkei 225 | +1.93% |
| TAIEX | +9.34% |
| Hang Seng | +2.69% |
The trigger for this massive rally was the Nasdaq’s double-digit gains on 9 April, led by mega-cap tech, AI, and semiconductor stocks. This uptrend was quickly mirrored across Asia, particularly in indices heavily weighted toward technology.
Sensex Previous Close – 9 April 2025 Summary
Ahead of today’s holiday, Indian investors opted for mild profit booking after a strong multi-session rally.
| Metric | Value |
|---|---|
| Closing Price | 74,632.58 |
| Change | -112.17 pts (-0.15%) |
| Day High | 74,889.21 |
| Day Low | 74,403.88 |
| Previous Close | 74,744.75 |
Although the index remained in positive territory for most of the session, selling pressure in the final hour pulled it lower, largely due to traders reducing risk ahead of the long break.
What to Expect on 11 April 2025
When the market reopens on Friday, 11 April 2025, analysts expect Sensex to open with a strong gap-up, aligning with global bullish cues.
Likely Drivers:
- Strong global tech rally could spill into Indian IT stocks
- Banking and financials may attract renewed buying interest
- PSU and midcap sectors expected to continue upward momentum
- FIIs (Foreign Institutional Investors) could resume net buying
Technical Outlook for Sensex Tomorrow
| Technical Level | Value |
|---|---|
| Resistance 1 | 75,200 |
| Resistance 2 | 75,400 |
| Support Zone | 74,300 |
Should the index open and sustain above 75,200, experts believe a retest of lifetime highs above 75,500 is imminent.
What This Means for You
- Short-term traders should watch for momentum continuation in sectors like IT, financials, and manufacturing
- Investors may see fresh buying zones emerge post-gap up
- Institutions are likely to monitor FII activity and SGX cues for next steps
Expert Commentary on the Market Outlook
“Global markets have aligned in optimism. Nasdaq’s breakout and strong participation in Asia set the tone for India. Sensex could quickly test fresh highs if volume support continues,” said Shweta Mehra, Technical Analyst, Axis Securities.
“Friday’s session will be pivotal—tech, PSU banks, and heavyweights could all fire together,” added Rahul Sen, Market Strategist at Truestocks Research.
How to Prepare for Friday’s Market Open
- Track SGX Sensex Futures early morning for directional clarity
- Review overnight U.S. economic data and bond yield movement
- Watch IT and bank heavyweights at the open
- Avoid leveraged positions unless volatility stabilizes post-open
- Keep trailing stops ready for existing trades
Sensex Today Closed, But a Strong Rebound Is Likely Tomorrow
While the Sensex today stayed closed due to the religious observance of Mahavir Jayanti, the global market rally has set the stage for a bullish breakout in Indian equities on Friday.
With Nasdaq surging and Asia echoing its performance, investors expect the Sensex to open higher, led by IT, financials, and midcaps. The stage is set for a high-volatility, high-opportunity session that could drive significant momentum into the next week.
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