India's currency, debt, and stock markets are closed on Wednesday for a holiday due to (stock market)  Dr Baba Saheb Ambedkar Jayanti. Financial markets will resume trading on April 15.

Both the National Stock Exchange and the Bombay Stock Exchange will remain closed for the equity segment, equity derivative segment and SLB segment today. It may be noted that trading sessions were curtailed last week on account of Good Friday.

Stock markets in India will be closed on April 21 due to a holiday on account of Ram Navami. This will be the last stock market holiday in April. The next market holiday falls (stock market)   on May 13th on account of Eid-ul-Fitr.

While domestic markets closed stronger on Tuesday, volatility has witnessed a sharp rise in the past few sessions due to the second wave of the Covid-19 pandemic in India.

On Tuesday, benchmark indices Sensex and Nifty recovered losses after crashing on Monday.

Sensex closed 600 points higher at 48,544, while the Nifty was up 194 points at the end of Tuesday’s trading session. Stock markets gained yesterday after India gave approval to fast-track emergency approvals for Covid-19 vaccines. It has already approved the Russian Sputnik V vaccine.

However, vaccine approvals may not be enough to keep up the market momentum as (stock market)  cases are rising at an alarming rate in India. The country has reported over one lakh cases daily for over a week and over 1.8 lakh cases were reported today — the highest-ever daily spike.

Meanwhile, markets are likely to react to stricter lockdown guidelines announced in Maharashtra, which has been witnessing the highest rise in daily Covid-19 cases. Experts are worried that stricter lockdowns will severely hurt India’s economic recovery plans.