Equity, currency and debt markets across India will remain closed today, May 1, on account of Maharashtra Day. Trading activity will resume on Monday, May 4.

The market holiday comes a day after benchmark indices ended Thursday’s session with notable losses, capping a volatile trading day influenced by global pressures and rising geopolitical concerns.

BSE Sensex declined 582.86 points, or 0.75 per cent, to settle at ₹76,913.50. Similarly, the NSE Nifty 50 dropped 180.10 points, or 0.74 per cent, to close at 23,997.55.

Global cues remained weak. At the time of filing this report, Brent crude oil futures fell 1.22 per cent to $116.59, although earlier in the session prices had surged above $120 per barrel, weighing heavily on investor sentiment.

Asian markets reflected a cautious tone. US markets showed mixed signals with a negative bias. Dow Jones Futures slipped 0.18 per cent, and the S&P 500 dipped 0.04 per cent, while the Nasdaq posted a marginal gain of 0.04 per cent.

Earlier on Thursday, domestic markets opened sharply lower amid heavy selling pressure. The Nifty 50 began the session at 23,899.20, down 278.45 points or 1.15 per cent, while the Sensex opened at 76,582.24, declining 914.12 points or 1.18 per cent.

Market participants attributed the weakness to surging crude oil prices and continued uncertainty in West Asia, which have heightened volatility and risk aversion among investors.

With global headwinds persisting, investors are expected to remain cautious when markets reopen next week.

Published on May 1, 2026