The stock exchanges are closed today for Shri Ram Navami. They will remain closed on March 31 (Tuesday) next week to celebrate Shri Mahavir Jayanti. Later in the same week, BSE and NSE will remain shut on April 3 (Friday) on account of Good Friday.
Indian stock markets are set to see 11 more market holidays this year, including today. NSE and BSE will next remain closed on April 14 on Dr Babasaheb Ambedkar Jayanti.
Later in May, markets will be closed on May 1 on Maharashtra Day and on May 28 on account of Bakri Id. The exchanges may alter any of the above holidays, for which a separate circular shall be issued in advance.
Zerodha’s Nithin Kamath on how to survive as a trader now
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Meanwhile, Zerodha CEO Nithin Kamath took to X to comment on the market holidays amid ongoing global market volatility. “It’s crazy that we live in a time when the entire global financial market seems to be at the whim and fancy of what one person decides to do and he can, and does, do whatever he wants depending on which side of the bed he wakes up on,” Kamath said in an apparent reference to US President Donald Trump.
His statement comes as markets globally have seen sharp downswings but not equally strong upswings since the war between Iran and US-Israel began earlier this month, triggering a sharp rally in oil prices.
According to Kamath, the only way to survive as a trader in this market is to make survival the first goal, not making money. “When you’re getting whipsawed out of positions on both sides, and there’s very little you can do in a headline-driven market, the most logical thing is to trade with smaller amounts of capital, reduce the risk in your account significantly, and wait for opportunities where you can actually make money rather than taking undue risk in a highly uncertain, highly volatile environment,” he said.
Trading takes a mental toll
“There are also three holidays in the next seven days, which almost guarantees a news cycle that can swing markets either way. Even smaller overnight positions,” he wrote in a post yesterday. “Trading is also inherently a lonely activity. And when you’re constantly getting feedback in the form of profit and loss, it takes a mental toll. This was true even when I was actively trading,” he added.
So with a long weekend coming up, Kamath said that he can’t think of a better time to take a break, recharge, and come back to the “blinking red and green lights” with a fresh mind.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)