The stock markets will be closed on April 10. Bboth the stock exchanges – BSE and the National Stock Exchange (NSE)-- will be closed on account of Mahavir Jayanti.
Mahavir Jayanti or Mahaveer Janma Kalyanak is a Jain festival celebrating the birth of Lord Mahavir. Banks in many states, stock markets and several other institutions across the country will be closed.
Banks will be closed in states including Gujarat, Maharashtra, Karnataka, Tamil Nadu, Rajasthan, Uttar Pradesh, West Bengal, and Telangana on April 10, according to the Reserve Bank of India calendar.
In April, the stock market will be closed on three days — April 10 (Mahavir Jayanti), April 14 (Dr B R Ambedkar Jayanti), and April 18 (Good Friday). April 10 is a gazetted holiday as per the Indian Audit and Accounts Department. Therefore, all the government offices will be closed on this day. Most businesses are likely to remain open tomorrow, however, customers must check before visiting.
Mahavir Jayanti is one of the most significant festivals for the Jain community. It celebrates the birth anniversary of the 24th and the last Tirthankara of Jainism. On this day, Jains around the globe carry out processions(rath yatra), visit temples, give offerings to the poor, meditate, and chant hymns to observe Lord Mahavir's birthday.
Lord Mahavira was born to King Siddhartha and Queen Trishala in the ancient kingdom of Vaishali. According to Swetambar Jains. Lord Mahavir was born in 599 BC, while the Degambar Jains believe he was born in 615 BC. Lord Mahavira was born on the 13th day of the month of Chaitra, according to the Hindu calendar.
Mahavira renounced all his worldly possessions and became a wandering ascetic at the age of 30. It is believed that after spending 12 years in exile, he attained ‘Kevala Jnana’ or omniscience. Lord Mahavir is known for his teachings on non-violence, truth, chastity, and non-attachment.
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