The Indian stock markets remained open on Gudi Padwa, celebrated on March 22. The Nifty opened at 17,177.45, a 70-point gap opening from yesterday’s closing price of 17,107.50. The Sensex opened at 58,245.26, a gap of 200 points from yesterday’s closing of 58,074.68. The top gainers for the Nifty are led by Bajaj twins gaining 2.01% each as of 11:18 am, Bajaj Finance and Bajaj Finacial Services, followed by HDFC Life, SBI Life, and Hindalco. The top losers of the Nifty are BPCL, Coal India, Cipla, Axis Bank and Apollo Hospitals.
Gudi Padwa marks the beginning of the Hindu New Year and falls on the first day of the Chaitra month, which usually falls in March or April. On this day, people clean their homes, decorate them with rangoli designs, and raise a gudi (a bamboo stick with a colourful silk cloth and a garlanded goblet on top) outside their homes as a symbol of victory and good fortune. They also prepare traditional sweets and dishes, wear new clothes, and visit friends and family to exchange greetings and gifts.
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