ET NEWS

Indian stock markets will remain shut on March 31 as BSE and National Stock Exchange (NSE) will remain closed for trading on account of Shri Mahavir Jayanti, marking the first out of the two market holidays scheduled for this week.India's largest commodity exchange, the Multi-Commodity Exchange of India (MCX), will remain shut for trading in the first session (9 am to 5 pm) on Shri Mahavir Jayanti. Trading will resume in the evening session between 5 pm and 11:30 pm, as per the schedule on its website. The National Commodity & Derivatives Exchange Limited (NCDEX), meanwhile, will remain closed for trading tomorrow.Upcoming market holidaysAccording to the official holiday calendar, markets will next remain closed on April 3 (Friday) to observe Good Friday. It is important to note that markets are seeing three holidays in less than two weeks. Markets were also shut on March 26 (Thursday) on account of Shri Ram Navami.In total, there are 16 stock market holidays scheduled for 2026, of which four have already passed. After the two holidays this week, trading will be suspended on 10 more occasions over the remaining nine months.Markets will next remain shut on April 14 (Tuesday) on Dr. Baba Saheb Ambedkar Jayanti. The BSE and NSE will then be closed for trading on May 1 (Maharashtra Day), May 28 (Bakri Id), June 26 (Muharram), September 14 (Ganesh Chaturthi), October 2 (Mahatma Gandhi Jayanti), October 20 (Dussehra), November 10 (Diwali-Balipratipada), November 24 (Prakash Gurpurb Sri Guru Nanak Dev), and December 25 (Christmas).Earlier last week, Zerodha CEO Nithin Kamath took to X to comment on 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. 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 the US-Israel bloc 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 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 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.)

Shares of Central Mine Planning & Design Institute (CMPDI), a subsidiary of Coal India, could be poised for near-term upside, according to analysts, as the stock made a subdued market debut on Monday. The shares listed at a discount of around 7% to their issue price amid weak investor participation and cautious market sentiment.The listing performance came after the IPO saw only modest traction, closing with an overall subscription of 1.05 times.Gaurav Garg, Research Analyst at Lemonn Markets Desk, said CMPDI’s weak debut reflects broader caution in the market.He noted that the stock listed at a discount of around 5-7% despite marginal grey market expectations, pointing to subdued retail participation and only modest subscription levels.While the stock saw a slight recovery after listing, Garg said the lack of strong demand suggests limited near-term upside. He added that investors may consider using any short-term bounce to exit, while fresh entries should be approached cautiously, with a wait-and-watch approach for price stability and signs of institutional accumulation.The listing underscores the current trend in primary markets, where even fundamentally strong companies are seeing tempered debut performances amid selective investor appetite and tighter liquidity conditions.Demand for the Rs 1,842 crore offer for sale was largely driven by institutional investors, with Qualified Institutional Buyers subscribing 3.48 times their quota. In contrast, retail participation remained muted at just 33%, indicating limited broader investor interest.CMPDI operates as a mining consultancy firm, providing services across coal and mineral exploration, mine planning, environmental management and geomatics. The company holds an estimated 61% market share in the coal and mineral consultancy segment in India and works closely with its parent, Coal India.Financially, the company has delivered strong performance, reporting revenue of Rs 2,178 crore and net profit of Rs 667 crore in FY25, with EBITDA margins exceeding 42%. At the upper price band, the IPO was valued at around 18-21 times earnings, which was considered reasonable given its profitability and asset-light model.However, the company’s heavy dependence on Coal India and the coal sector continues to be a key overhang, raising concerns around concentration risk and long-term sector dynamics. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Mumbai: Former India captain Anil Kumble is quite impressed with how Rohit Sharma has started the new IPL season for Mumbai Indians and he expects the opener's "2.0 avatar" to worry rivals throughout the ongoing edition. The 38-year-old Rohit smacked a 38-ball 78 in MI's six-wicket win over Kolkata Knight Riders in their IPL opener here on Sunday. "Rohit Sharma seems to have arrived in his 2.0 avatar, and his innings showed he is ready to dominate again. The way he hit the ball all around the ground reminded me of his prime," Kumble said on 'Star Sports'. "It is not easy to hit sixes against bowlers like Varun Chakravarthy, Sunil Narine and Blessing Muzarabani, but he made it look easy. He has worked a lot on his fitness, and when you come back after a short break, it takes five to seven days to get your timing back and find your rhythm. "This was a fantastic innings...The six-hitting looked easy, and even though the boundaries were small, those shots were going into the stands. This knock shows that Rohit means business and this version of him will worry all IPL teams," he added. KKR, missing some key bowlers due to injury, heavily relied on spinners Narine and Chakravarthy to come good but neither of them clicked on Sunday. "KKR are relying too much on Sunil Narine and Varun Chakravarthy, and Narine did not even complete his quota of four overs, which was surprising. The disappointing part was that Ajinkya Rahane did not bring him on in the Powerplay when Rohit and Rickelton were attacking," he pointed out. "By the time Narine came on, the damage was already done. Narine and Varun were the bowlers who could have challenged MI, but they did not bowl enough together. That is where KKR missed their chances to get back into the game. "They need to use their resources better. Their fast-bowling unit looks inexperienced, but when you have two world class spinners, you need to use them well."