The Indian share market is currently navigating a turbulent landscape, with the Nifty 50 index experiencing a staggering decline of nearly 10% throughout March 2026. This downturn has been exacerbated by a significant sell-off from foreign institutional investors (FIIs), who have withdrawn over Rs 1.11 lakh crore in the same month. As the markets remain closed today for Mahavir Jayanti, investors are left to ponder the implications of these developments.

The sell-off by FIIs reflects a broader risk-off approach among global investors, driven by escalating tensions in West Asia and rising oil prices. These factors have created an environment of uncertainty, leading to a correction of more than 15% in the Nifty 50 index from its peak over the last three months. Notably, more than 13% of this decline occurred in just the last month, highlighting the rapid pace of market deterioration.

As the markets prepare to reopen on April 1, 2026, traders will be keenly observing the impact of this prolonged sell-off. The Indian Rupee has also taken a hit, breaching the Rs 95 mark against the US Dollar, further complicating the economic landscape for investors. This depreciation of the Rupee adds another layer of concern, as it can influence inflation and purchasing power within the country.

In the midst of this turmoil, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will be closed again on April 3 for Good Friday, leading to a long weekend for investors. This closure means that markets will only be open for three sessions out of the five trading days this week, limiting opportunities for recovery amidst the ongoing volatility.

The recent market pressures can be traced back to a combination of global economic factors and local investor sentiment. The sustained selling by FIIs is indicative of a cautious outlook as geopolitical tensions continue to rise. Investors are left grappling with the uncertainty of how these factors will unfold in the coming weeks.

As trading resumes after the holiday, commodity derivatives will reopen for trading in the evening session, providing a potential avenue for investors to recalibrate their strategies. However, the overarching sentiment remains one of caution, as the market grapples with the implications of foreign investor behavior and the broader economic landscape.

Details remain unconfirmed regarding the potential for a market rebound, but analysts are closely monitoring the situation for any signs of stabilization. The coming days will be crucial in determining whether the share market can regain its footing or if further declines are on the horizon.

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In a significant development for investors and traders alike, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are closed today, March 31, 2026, in observance of Shri Mahavir Jayanti. This holiday marks the 2624th birth anniversary of Lord Mahavira, a pivotal figure in Jainism, celebrated by Jain communities worldwide.

Both exchanges have announced that trading in equities, equity derivatives, securities lending and borrowing (SLBs), currency derivatives, and interest rate derivatives will be suspended for the day. This closure is part of a broader schedule of market holidays, with today being the fifth out of the 16 designated stock market holidays for the year 2026.

The closure comes at a time when global geopolitical tensions have been heightened, leading to significant market volatility and a recent selloff in various sectors. Investors are likely to view this holiday as a brief respite amid ongoing uncertainties in the financial landscape.

Trading on both the BSE and NSE is set to resume tomorrow, April 1, 2026, allowing traders to re-engage with the markets following this pause. Additionally, it is noteworthy that this week will see another market holiday on April 3, 2026, in observance of Good Friday.

While the commodity derivatives segment will remain closed during the morning session today, it is expected to reopen for trading in the evening session, providing some opportunities for market participants later in the day.

As the Jain community celebrates this important religious occasion, the market’s closure reflects the cultural significance of the day, intertwining financial activities with societal observances. The observance of such holidays is a reminder of the diverse cultural fabric that influences market operations in India.

First reactions from market analysts suggest that the holiday may provide a necessary pause for traders to reassess their strategies in light of recent market movements. Official statements from the exchanges emphasize the importance of respecting cultural observances while maintaining operational efficiency.

As traders prepare for the resumption of trading tomorrow, many will be keenly watching global developments that could impact market sentiment. The interplay between cultural holidays and market dynamics continues to be a fascinating aspect of India’s financial landscape.

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What does today’s holiday signify for millions across India? Today, March 31, 2026, marks Mahavir Jayanti, a day dedicated to celebrating the birth of Lord Mahavir, the 24th and last Tirthankara of Jainism. This significant occasion prompts a nationwide observance, leading to the closure of banks and stock markets in major cities.

In cities such as Ahmedabad, Mumbai, New Delhi, and Kolkata, banks will remain closed, contributing to a total of 18 bank holidays throughout March. This holiday is the final one of the month, with the next bank holiday scheduled for April 1, when banks will close for the annual account closing.

On this day, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will also observe a holiday, halting trading in equities and derivatives. The commodity derivatives segment will be closed during the morning session but will reopen in the evening, allowing for some trading activity later in the day.

Mahavir Jayanti is not just a holiday; it is a time for reflection and celebration among Jain communities worldwide. This year marks the 2624th birth anniversary of Lord Mahavir, a figure revered for his teachings on peace, self-discipline, and righteousness.

The significance of Mahavir Jayanti extends beyond religious observance; it inspires followers to lead lives of virtue and compassion. As Jain communities engage in prayers and celebrations, the impact of this day resonates throughout India.

With the closure of financial markets, this marks the first of two market holidays scheduled for the week. Traders and investors will need to wait until April 1 for trading to resume, following the observance of this important cultural event.

As the day unfolds, the spirit of Mahavir Jayanti will be felt in the air, with various festivities planned to honor the teachings of Lord Mahavir. The holiday serves as a reminder of the values he espoused, encouraging a life of peace and ethical living.

Details remain unconfirmed regarding any specific events or gatherings planned for today, but the essence of Mahavir Jayanti will undoubtedly be celebrated across the nation.

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What does the Indian stock market calendar look like in 2026? The answer reveals a series of holidays that will impact trading activities significantly. Notably, the markets will close on March 31, 2026, for Mahavir Jayanti and on April 3, 2026, for Good Friday.

On these holidays, trading on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will be suspended across all segments, leading to a pause in market activities. This closure is crucial as March 31 marks the end of the financial year 2025-26, a time when many investors and companies finalize their fiscal reports.

Interestingly, the Multi Commodity Exchange of India (MCX) will have a slightly different schedule. On Mahavir Jayanti, it will close during the morning session but will resume trading in the evening, allowing some flexibility for commodity traders. However, on Good Friday, the MCX will remain shut for both morning and evening sessions.

The National Commodity & Derivatives Exchange (NCDEX) will also observe a complete closure on both holidays, aligning with the broader market shutdown.

In total, there are 16 stock market holidays scheduled for 2026, highlighting the importance of planning for traders and investors alike. Following Good Friday, the next market holiday will be Dr Baba Saheb Ambedkar Jayanti on April 14, 2026.

Additionally, traders should note that Maharashtra Day falls on May 1, 2026, and Bakri Id is observed on May 28, 2026, both of which will also see market closures.

As the year progresses, investors will need to stay informed about these holidays to strategize their trading activities effectively. The implications of these closures can ripple through market dynamics, affecting liquidity and trading volumes.

Details remain unconfirmed regarding any additional holidays or changes to the existing schedule, so stakeholders should keep an eye on announcements from the exchanges.

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In a remarkable display of investor confidence, Raajmarg Infra Investment Trust has successfully launched its IPO, aggregating to approximately INR 60,000 million. The offering was met with overwhelming enthusiasm, being oversubscribed nearly 14 times, highlighting the growing interest in infrastructure investments in India.

The IPO not only marks a significant milestone for Raajmarg but also stands as the largest public offering in the road sector in India. The trust holds an initial portfolio of five toll road assets, strategically positioned to capitalize on the burgeoning demand for infrastructure development.

Units from this IPO are set to be listed on both BSE Limited and National Stock Exchange of India Limited, further enhancing their visibility in the market. This move is expected to attract a diverse range of investors, from institutional to retail.

In a broader context, the week ending March 27, 2026, saw the SEBI issue observations on six Draft Red Herring Prospectuses (DRHPs), indicating a robust pipeline of upcoming IPOs in the Indian market.

Among these, Rentomojo Ltd aims to raise funds through a fresh issue of Rs 150 crore and an offer-for-sale, with proceeds earmarked for debt repayment and general corporate needs. Meanwhile, Vishvaraj Environment Limited is eyeing an IPO size of ₹2,250 crore, while SAEL Industries Limited plans to raise ₹4,575 crore.

Other notable IPOs include Symbiotec Pharmalab Limited at ₹2,180 crore and Prasol Chemicals Limited at ₹500 crore. Additionally, NoPaperForms Solutions Limited is expected to launch an IPO sized between ₹500–600 crore.

As the IPO landscape evolves, investors and market analysts are keenly observing these developments, anticipating further growth in the infrastructure sector. The successful launch of Raajmarg Infra Investment Trust’s IPO sets a promising precedent for future offerings.

Details remain unconfirmed regarding the specific timelines for the upcoming IPOs, but the momentum in the market suggests a vibrant period ahead for investors and companies alike.

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“Rajputana Stainless Steel, valued at ~21x P/E (post issue) on FY25 earnings (at the upper band) is valued fairly in relation to its competitors,” noted Anand Rathi, highlighting the company’s market positioning as it opens its IPO today.

The IPO of Rajputana Stainless Ltd has commenced and will remain open until March 11, 2026. The price band for the offering is set between ₹116 to ₹122 per share, with the company aiming to raise ₹255 crore. This includes ₹76 crore reserved for an Offer for Sale (OFS) and ₹179 crore through fresh shares.

The lot size for the IPO is 110 shares, making it accessible for retail investors. As of 12:42 PM on the first day of bidding, the IPO was subscribed 0.07 times overall, with the retail portion subscribed 0.03 times and the Non-Institutional Investor (NII) segment subscribed 0.20 times.

“Given the company’s improving margins, diversified product portfolio, and potential growth from forward integration initiatives, we recommend a ‘SUBSCRIBE’ rating for this issue with a medium to long-term investment horizon,” stated BP Wealth, reflecting a positive outlook despite cautious investor sentiment.

The Grey Market Premium (GMP) for the IPO today stands at ₹2, indicating a measured approach from investors towards this public offering. The stainless steel industry, in which Rajputana operates, remains cyclical and vulnerable to cheaper imports, making earnings sensitive to commodity price swings and demand cycles.

Rajputana Stainless, incorporated in 1991, specializes in manufacturing long and flat stainless steel products used across various industries. For the six months ending September FY26, the company reported a revenue of ₹501 crore and a profit after tax of ₹24.4 crore, while for FY25, it posted revenue of ₹932 crore and a net profit of ₹40 crore.

The most likely date for share allocation is March 12, 2026, with the IPO proposed for listing on the BSE and NSE, expected on March 16, 2026. KFin Technologies has been appointed as the official registrar for this public issue.

As the IPO progresses, market watchers will be keen to see how investor sentiment evolves in the coming days. The cautious approach reflected in the grey market premium suggests a wait-and-see attitude among potential investors.

Details remain unconfirmed.

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