31 March,2026 12:36 PM IST | Mumbai | mid-day online correspondent
Trading across all segments on both exchanges will remain suspended. Representational Pic
The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will remain closed on March 31 on account of Shri Mahavir Jayanti.
As per reports, trading across segments, including equities, equity derivatives, securities lending and borrowing (SLBs), currency derivatives, and interest rate derivatives, will remain suspended for the day on both exchanges.
However, the commodity derivatives segment will be closed during the morning session and will resume trading in the evening session. Regular trading on both exchanges will recommence on April 1.
Meanwhile, Indian benchmark indices extended their losses for a second straight session on March 30, with the Nifty 50 slipping below the 22,350 mark amid broad-based selling. The decline was led by banking stocks after the Reserve Bank of India tightened limits on banks' dollar positions.
At close, the Sensex dropped 1,635.67 points, or 2.22 per cent, to settle at 71,947.55, while the Nifty fell 488.20 points, or 2.14 per cent, to end at 22,331.40. The Nifty 50 has now declined over 11 per cent in March, marking its steepest monthly fall since March 2020.
According to the reports, broader markets also came under pressure, with the Nifty Midcap and Smallcap indices declining around 2.6 per cent each.
Among Nifty stocks, major losers included Bajaj Finance, Axis Bank, Bajaj Finserv, State Bank of India, and InterGlobe Aviation. On the other hand, Hindalco Industries, Coal India, ONGC, and Power Grid Corporation of India were among the gainers.
All sectoral indices ended in the red, with auto, FMCG, consumer durables, capital goods, telecom, realty, and both private and PSU banking stocks falling between 2 per cent and 4 per cent.
The rupee breached the 95-per-US dollar mark during intra-day trade on Monday before recovering to settle at 94.70, up 15 paise, amid heightened volatility triggered by escalating tensions in West Asia, PTI reported
Forex traders said the USD/INR pair witnessed sharp fluctuations, swinging 165 paise during the session as the Iran conflict entered its 31st day, keeping energy markets on edge and fuelling risk-off sentiment.
According to PTI, at the interbank foreign exchange market, the rupee opened stronger at 93.62 and rose further to 93.57 against the US dollar, gaining 128 paise from its previous close. The initial surge followed the Reserve Bank of India's move to cap banks' Net Open Position (NOP-INR) at USD 100 million, with compliance mandated by April 10.
However, the currency failed to hold gains and fell sharply to a record intra-day low of 95.22 against the greenback. It later recovered some ground to close at 94.70, compared to Friday's historic closing low of 94.85, when it had plunged 89 paise.
Market participants attributed the rupee's weakness to global factors, particularly fading hopes of de-escalation between the US and Iran, which heightened risk aversion and boosted demand for safe-haven assets like the US dollar.
Forex experts noted that a firm dollar index, hovering above the 100 mark, and rising crude oil prices continue to exert pressure on the rupee. Brent crude surged to USD 114.97 per barrel amid fears of supply disruptions due to geopolitical tensions, the news agency reported.
Meanwhile, the dollar index was trading marginally lower at 100.30. On the domestic front, equity markets remained under pressure, with the Sensex falling 1,635.67 points to 71,947.55 and the Nifty declining 488.20 points to 22,331.40.
Foreign institutional investors (FIIs) were net sellers, offloading equities worth Rs 11,163.06 crore during the session, according to exchange data.
(With inputs from Agencies)
