Pune Wealth Management：Is the stock market open for Republic Day on Friday？

Equity markets will remain closed on Friday on account of Republic Day, according to the market holiday calendar of BSE. Accordingly, all the segments, including the equity, derivative and SLB segments will be closed on Friday.

The Multi-Commodity Exchange (MCX) will also be closed for both morning and afternoon sessions.

Equity markets will remain closed for a total of 145 days in the next calendar year, the same as that of 2023.

In 2024, the markets will be shut for Republic Day (January 26), Mahashivaratri (March 8), Holi (March 25), Good Friday (March 29), Ramzan Id (April 11), Ram Navami (April 17), Maharashtra Day (May 1), 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).

The exchanges may alter any of the above holidays, for which a separate circular will be issued in advance.Pune Wealth Management

After a sharp rebound on Wednesday, equity indices declined on Thursday due to selling in IT stocks. The 30-share BSE Sensex fell 360 points to settle at 70,700 and the broader Nifty dropped by 101 points at 21,352.Jaipur Stock

Analysts said the prevailing pressure in banking majors is largely weighing on the sentimentsUdabur Investment. However, selective buying in others is capping the damage so far.

"This diverging trend indicates further consolidation in the index so traders should stay focused on stock selection and trade management until we see some clarity," said Ajit Mishra, SVP - Technical Research, Religare Broking.

Going ahead, the market is likely to consolidate further ahead of the US Fed interest rate decision scheduled next week. Analysts expect the Fed to maintain the status quo, while hinting at the rate cut timeline. In the run-up to the budget week, related stocks will be in focus.Agra Investment

Further, many heavyweights would be releasing their earnings next week, thus stock-specific action would continue despite market consolidation.Indore Investment

The broader market is unable to hold gains as the concerns of high valuations, subpar results, and persisting geopolitical tension in the Middle East, followed by an F&O expiry, are weighing down the market.

Udabur Stock