01 May,2026 11:22 AM IST | Mumbai | mid-day online correspondent
Representational image. File pic
Stock markets across India will remain closed on Friday, May 1, on account of Maharashtra Day and International Workers' Day, bringing trading activity to a halt.
According to official holiday schedules, both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain shut for the entire day. As a result, trading across all major segments, including equities and equity derivatives, will remain suspended on Friday.
The closure is part of the exchanges' annual holiday calendar, which lists May 1 as a non-trading day to mark Maharashtra Day.
Commodity markets will also see partial disruption. While the Multi-Commodity Exchange of India (MCX) remains closed during the morning session, it is expected to reopen for evening trading later in the day.
The holiday creates an extended weekend for investors, as markets will also remain closed on Saturday and Sunday. Trading activity is scheduled to resume on Monday, May 4.
Sensex dropped 821 points on Thursday
While the global uncertainties continue to grow, benchmark indices Sensex and Nifty slumped in early trade on Thursday, April 30. The sudden surge was because of a sharp spike in crude oil prices, weak global trends and foreign fund outflows.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,468.42 crore on Wednesday, according to exchange data.
Along with Indian indices, South Korea's benchmark Kospi, Japan's Nikkei 225 index and Hong Kong's Hang Seng index were also quoting lower. However, the Shanghai SSE Composite index traded marginally higher.
Hariprasad K, Research Analyst and Founder, Livelong Wealth, said, "The Dow Jones Industrial Average closed lower as crude oil extended its rally... At the same time, the Federal Reserve maintained the status quo on interest rates, offering limited support to risk assets," as per PTI.
The persistence of geopolitical tensions, particularly around supply disruptions, is keeping risk appetite subdued and markets highly sensitive to headlines, he added.
Nifty traded with high volatility as it started the session on a positive note and moved above the previous session's high of 24,181 in the opening trade and moved to an intraday high of 24,334 in the mid-session. However, fear of rising geopolitical tension between the US and Iran kept crude oil prices elevated above USD 113, and it led to selling pressure at higher levels; the index gave up some of its gains and closed the session above 24,150 levels.
