Stock market holidays: BSE, NSE to remain closed for next 4 days; trading to resume on April 18

Banks to be closed for 4 days this week; check full list here

On Saturday (April 16) and Sunday (April 17), the share market will remain closed because of regular weekly holidays. The market will resume trading on Monday (April 18).

Meanwhile, equity benchmarks wiped out early gains and settled lower for the third day in a row on Wednesday, with the Sensex falling over 237 points, pulled down by HDFC twins amid persistent foreign fund outflows and mixed global trends.

Despite a firm opening, the Sensex failed to hold on to the momentum and declined 237.44 points or 0.41 percent to settle at 58,338.93. During the day, it tanked 285.14 points or 0.48 percent to 58,291.23.

Also Read: Banks will be closed on these 15 days in April; check details here

On similar lines, the NSE Nifty dipped 54.65 points or 0.31 percent to finish at 17,475.65. From the 30-share Sensex pack, HDFC, HDFC Bank, Maruti, Dr Reddy's, Asian Paints, Bajaj Finserv, PowerGrid and Kotak Bank were among the major laggards.

In contrast, ITC, Sun Pharma, Hindustan Unilever Limited, State Bank of India and NTPC were among the prominent gainers. "Nifty remained volatile with a largely negative bias throughout the session," according to Rupak De, Senior Technical Analyst at LKP Securities.

Also, trading in markets regulated by the Reserve Bank of India (RBI) will start from 9.00 am onwards from April 18, with the restoration of pre-pandemic trading timings. Currently, the markets open at 10.00 am.

The trading hours for various markets regulated by RBI were changed on April 7, 2020, in the wake of the coronavirus pandemic that had resulted in operational dislocations and elevated levels of health risks. Later, with the easing of operational constraints, the trading hours were partially restored with effect from November 9, 2020.