Equity, currency, and debt markets in India will remain closed today, May 1, in observance of Maharashtra Day. Trading is set to resume on Monday, May 4.
This market holiday follows Thursday’s trading session, during which benchmark indices experienced significant losses, influenced by global pressures and escalating geopolitical concerns.
The BSE Sensex fell by 582.86 points, or 0.75 percent, closing at ₹76,913.50. Similarly, the NSE Nifty 50 dropped 180.10 points, or 0.74 percent, to conclude at 23,997.55.
Global indicators remained subdued. As of the time of this report, Brent crude oil futures had declined by 1.22 percent, trading at $116.59, though prices earlier in the session had exceeded $120 per barrel, contributing to negative investor sentiment.
Asian markets displayed a cautious atmosphere, while US markets showed mixed signals with an overall negative trend. Dow Jones Futures fell by 0.18 percent, and the S&P 500 dipped by 0.04 percent, whereas the Nasdaq recorded a slight increase of 0.04 percent.
Earlier on Thursday, domestic markets opened sharply lower due to heavy selling activity. The Nifty 50 commenced at 23,899.20, down 278.45 points or 1.15 percent, while the Sensex began at 76,582.24, a decline of 914.12 points or 1.18 percent.
Market analysts attributed the downward trend to rising crude oil prices and ongoing uncertainties in West Asia, which have amplified volatility and risk aversion among investors.
As global challenges persist, investors are likely to adopt a cautious stance when markets reopen next week.
Published on May 1, 2026.
