Trading on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain suspended on Friday due to Good Friday.
This is the second day in a row that the market is closed. On Thursday it was closed on the occasion of Dr. Baba Saheb Ambedkar Jayanti/Mahavir Jayanti. Trading in the Equities, Derivatives and SLB segments will also remain suspended.
Before closing for the long weekend, Indian equity benchmarks erased early gains and stabilized on Wednesday for the third day in a row amid continued foreign outflows and mixed global trends.
Despite a firm open, the Sensex failed to maintain momentum and fell 237.44 points or 0.41% to settle at 58,338.93. During the day, it lost 285.14 points or 0.48% to 58,291.23. The NSE Nifty fell 54.65 points or 0.31% to end at 17,475.65.
The exchange will resume operations on April 18.
Stocks on Wall Street fell in overnight trade, while bond yields and the dollar rose on Thursday as investors worried about the potential for aggressive US policy tightening as other central banks around the world have decided to reduce their support.
The Dow Jones Industrial Average fell 1,136.36 points, or 0.33%, to 34,451.23, the S&P 500 lost 54 points, or 1.21%, to 4,392.59 and the Nasdaq Composite fell down 292.51 points, or 2.14%, to 13,351.08.