Gudi Padwa is a springtime festival celebrated by people in the Indian state of Maharashtra and a few other regions in India, such as Konkan and Goa. It usually falls in the month of March or April and marks the beginning of the Hindu New Year.
The day is also marked by special feasts, where people enjoy traditional dishes like Puran Poli, Shrikhand, and Poori Bhaji. Many families visit temples to seek blessings and perform puja ceremonies.
Is it a holiday for stock market in India on Gudi Padwa?
The stock exchanges are open as usual on Gudi Padwa day, and the trading and investment activities are conducted during the usual trading hours. Gudi Padwa Day is not a trading holiday in India.
However, March 22, 2023, is a settlement holiday on account of Gudi Padwa. Due to this, all equity delivery orders placed on March 21 and 22, 2023, will reflect in your Demat account on March 23, 2023
The following official trading holiday for Indian Stock Markets is on 30th March 2023, Thursday on account of Ram Navami.