Indian stock exchanges will be closed on Monday, April 14, in observance of Dr. B.R. Ambedkar Jayanti, which commemorates the birth of the architect of the Indian Constitution, Dr. Bhimrao Ramji Ambedkar. Born on April 14, 1891, Dr. Ambedkar was a pioneering social reformer and a key figure in India’s journey toward equality and justice. The day is recognized as a public holiday across the nation, leading to the closure of government offices, banks, and educational institutions.
The Indian equity markets ended the previous trading week on a strong note, recovering significantly after a turbulent start. On Friday, the Sensex surged by 1,310.11 points, or 1.77%, closing at 75,157.26, while the Nifty advanced 429.40 points, or 1.92%, to end at 22,828.55. Sectoral gains were prominent in metal, consumer durables, and oil and gas segments, which contributed to the overall market rebound.
The week had initially opened on a negative note due to escalating global tensions over trade. Investor sentiment was shaken after the United States announced reciprocal tariffs, triggering fears of a full-blown trade conflict. The situation further deteriorated as China responded with retaliatory measures, amplifying concerns across global financial markets.
However, markets regained momentum after the U.S. government announced a delay in the implementation of tariffs for all countries except China. This move was welcomed by investors and helped stabilize global markets, including India.
Adding to the domestic optimism, the Reserve Bank of India (RBI) announced a reduction in interest rates and reaffirmed its accommodative stance, signaling possible further support if required. This policy decision buoyed investor confidence and played a key role in the market’s recovery later in the week.
Looking ahead, Ajit Mishra, Senior Vice President of Research at Religare Broking, highlighted that the upcoming holiday-shortened week will be closely watched for further updates on the U.S.-China trade situation. On the domestic front, investor focus will also shift to the corporate earnings season, with major companies like Wipro, Infosys, HDFC Bank, and ICICI Bank set to announce their quarterly results.
