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Stock markets shut for Ram Navami today, NSE, BSE closed, MCX to open in evening

Indian stock markets are closed today for Ram Navami, with NSE and BSE halting trading while MCX resumes in the evening session.

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Stock market

Trading activity across Indian stock exchanges has come to a halt on Thursday as markets remain closed for Ram Navami. Both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are shut for the day, pausing activity on Dalal Street.

While equity markets are closed, the commodity market will function partially. The Multi Commodity Exchange (MCX) will resume trading in its evening session from 5 pm.

Cluster of holidays ahead

Market momentum is expected to face interruptions in the coming days due to a series of scheduled holidays. Trading will remain closed again on March 31 for Mahavir Jayanti and on April 3 for Good Friday, resulting in an extended break for investors.

Overall, 2026 has a total of 16 scheduled market holidays. With three already observed, several closures are lined up through the remainder of the year.

After Good Friday, the next market holiday will fall on April 14 for Ambedkar Jayanti. This will be followed by Maharashtra Day on May 1 and Bakri Id on May 28.

Later in the year, markets will remain shut on occasions including Muharram (June 26), Ganesh Chaturthi (September 14), and Gandhi Jayanti (October 2). Dussehra (October 20), Diwali Balipratipada (November 10), and Guru Nanak Jayanti (November 24) are also part of the holiday calendar, with Christmas on December 25 marking the final closure of the year.

Markets recover losses

Indian equity benchmarks have recently shown signs of recovery after a period of decline. The Nifty50 and Sensex recorded strong gains over two consecutive sessions amid easing geopolitical concerns.

At Wednesday’s close, the Nifty50 ended 394 points higher, while the Sensex gained 1,205 points, reflecting improved investor sentiment.

The rebound comes as tensions in the Middle East showed signs of easing. Iran indicated that non-hostile vessels could pass through the Strait of Hormuz, reducing fears of major supply disruptions.

Despite the positive momentum, analysts caution that volatility may persist in the near term.

Global markets trend higher

Global markets also witnessed an upswing overnight, while crude oil prices declined. Reports suggested that the United States had shared a ceasefire proposal with Iran, contributing to easing tensions.

Brent crude futures dropped 2.17 per cent to settle at $102.22 per barrel, while US West Texas Intermediate crude fell 2.20 per cent to $90.32 per barrel.

On Wall Street, major indices closed higher. The Dow Jones Industrial Average rose 0.66 per cent, the S&P 500 gained 0.54 per cent, and the Nasdaq Composite advanced 0.77 per cent.

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India News

BJP targets Kejriwal over Sheesh Mahal 2 claim, AAP calls images fake as Raghav Chadha weighs in

BJP alleges Arvind Kejriwal’s new residence is a lavish “Sheesh Mahal 2”, while AAP denies the claims and calls the images fake, escalating political tensions.

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Arvind Kejriwal

A fresh political confrontation has erupted between the Bharatiya Janata Party and the Aam Aadmi Party over allegations surrounding a newly allotted residence to Arvind Kejriwal, with the BJP dubbing it “Sheesh Mahal 2”.

The controversy began after Parvesh Verma released images and a layout of the bungalow, claiming that high-end amenities in the property were funded using “private money”. The BJP alleged that the residence reflects an extravagant lifestyle, reviving earlier accusations linked to the “Sheesh Mahal” controversy.

The remarks came soon after Kejriwal moved into the government-allotted accommodation in Delhi’s Lodhi Estate, adding political heat to an already tense atmosphere.

In response, AAP leaders rejected the allegations outright, asserting that the images circulated by BJP leaders were not authentic. Party representatives claimed the visuals were sourced from online platforms and do not represent the actual residence.

The party also accused the BJP of spreading misinformation to target Kejriwal politically and damage his public image.

Political tensions rise amid recent defections

The row comes at a time when tensions between the two parties are already high following recent political developments, including the exit of senior leaders from AAP.

Raghav Chadha, who recently shifted political alignment, also weighed in on the issue, adding another dimension to the ongoing confrontation. His remarks are seen as part of a broader political attack on AAP amid internal challenges and shifting loyalties.

The developments have intensified the war of words between the BJP and AAP, with both sides trading allegations over governance, transparency, and political intent.

Ongoing battle of narratives

While the BJP continues to question the nature of the residence and its alleged expenses, AAP has maintained that the claims are baseless and politically motivated.

With both parties standing firm on their positions, the “Sheesh Mahal 2” issue is likely to remain a key flashpoint in Delhi’s political landscape in the coming days.

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India News

Karnataka cabinet clears 15% internal reservation for Scheduled Castes, recruitment to begin soon

Karnataka approves internal reservation within SC quota, paving way for jobs

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The Karnataka cabinet, led by Chief Minister Siddaramaiah, has approved an internal reservation framework for Scheduled Castes (SCs) within the existing 15% quota, a move expected to address long-standing demands and restart stalled government recruitment.

The decision was taken during a special cabinet meeting and introduces a revised formula to distribute the quota among different SC sub-groups.

How the quota will be divided

Under the new structure, the 15% reservation for Scheduled Castes will be split into three categories:

  • 5.25% for “left-hand” SC communities
  • 5.25% for “right-hand” SC communities
  • 4.5% for other SC groups, including nomadic communities

The formula is based on proportional representation and aims to ensure equitable distribution of benefits among various sub-castes.

Recruitment to resume after long delay

The cabinet’s approval is expected to immediately unlock recruitment for thousands of government positions that had been on hold due to the reservation issue.

Officials indicated that recruitment notifications will now be issued, potentially opening up more than 50,000 vacancies across departments.

Long-pending demand addressed

The move comes after decades of demands from different SC communities seeking internal classification within the quota system. The government described the decision as a step toward social justice and balanced representation.

The issue had remained unresolved for years due to legal and administrative complexities, including concerns over exceeding the Supreme Court-mandated 50% reservation cap.

Political and social significance

The decision carries both administrative and political importance, as it addresses a sensitive issue affecting multiple communities within the Scheduled Castes. It also comes at a time when reservation policies continue to be a major subject of debate across states.

While the government has presented the move as a corrective step, it is likely to trigger reactions from various stakeholders, including opposition parties and community groups.

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India News

Amit Shah claims Mamata leaving, BJP coming after high turnout in Bengal polls

Amit Shah says high turnout in Bengal polls signals shift from Mamata Banerjee’s rule, predicts BJP surge.

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Union Home Minister Amit Shah on Friday expressed strong confidence in the Bharatiya Janata Party’s prospects in the ongoing West Bengal Assembly elections, asserting that the political mood in the state signals a shift away from Chief Minister Mamata Banerjee.

Speaking after the first phase of polling, Shah claimed that the high voter turnout indicates a desire for change, stating that “Mamata is leaving and BJP is coming.”

The first phase of elections recorded a notably high turnout across several constituencies, which Shah said reflects growing public support for the BJP and dissatisfaction with the current administration.

BJP predicts strong performance

The senior BJP leader went a step further, projecting a significant electoral gain for his party. He suggested that feedback from party workers and internal assessments indicate that the BJP could secure a large share of the seats contested in the first phase.

Shah linked the voter turnout to what he described as a broader shift in public sentiment, claiming that people in the state are moving from “fear to trust” and are ready for political change.

Intensifying political battle

The remarks come amid a high-pitched political contest between the BJP and the ruling Trinamool Congress, led by Mamata Banerjee. The ongoing election has seen sharp exchanges between leaders from both sides, with each camp projecting confidence in forming the next government.

Shah’s comments also follow recent statements by Banerjee targeting the BJP at the national level, highlighting the broader political stakes surrounding the Bengal elections.

As polling progresses in multiple phases, the results are expected to play a crucial role in shaping the political landscape of the state.

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