NEW DELHI: The coming week will be a truncated one for Dalal Street, with just three trading sessions! Trading will resume on Tuesday and the week ends on Thursday.
The next extended weekend for the market will fall in September second week, as the Ganesh Chaturthi will be observed on a Friday, September 10. Dussehra also falls on a Friday (October 15), as do Diwali Balipratipada (November 5) and Gurunanak Jayanti (November 19).
Calendar 2021 has 14 scheduled market holidays, including six extended weekends because of the holiday falling either on Friday or Monday, BSE holiday list shows.
Data showed Calendar 2020 had fewer market holidays at 12, but more extended weekends at nine.
The market next week will be dealing a slew of data releases, including the monthly auto sales numbers, PMI readings and cement dispatch data, which may help stock investors gauge the impact of the second wave of Covid on the economy.
Investors will also start building up expectations for March quarter earnings. That said, market action globally will continue to influence sentiment on Dalal Street.
Analysts are expecting high volatility ahead and advising investors to stay calm and gradually accumulate quality stocks on declines
Besides the Good Friday holiday on April 2, the market will also be closed next month on April 14 on account of Dr Baba Saheb Ambedkar Jayanti and April 21 for Ram Navami.