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Sunday, May 11, 2025

Buddha Purnima 2025: Will the Stock Market Take a Holiday? Here's What Investors Need to Know

stock market news

Indian Stock Market Will Remain Open on Buddha Purnima 2025 (May 12)

Many investors are wondering whether the Indian stock market will observe a holiday on Monday, May 12, 2025, for Buddha Purnima celebrations. The answer is clear: trading will continue as normal despite the festival, with both NSE and BSE remaining open for regular trading hours.

Recent Market Performance and Investor Concerns

The clarification comes at a critical time for investors. The Indian stock market experienced significant selling pressure during the final sessions of last week, with frontline indices extending losses for a second consecutive session on Friday, May 9. This downturn has left many market participants contemplating whether to use the dip as a buying opportunity when trading resumes or wait for additional market clarity.

The recent market decline has been substantial:

  • BSE Sensex closed at 79,454.47, dropping 880 points (1.10%)
  • Nifty 50 ended at 24,008, declining 266 points (1.10%)
  • BSE Midcap and Smallcap indices outperformed slightly, falling by only 0.10% and 0.30% respectively
  • Total market capitalization of BSE-listed firms decreased by approximately ₹2 lakh crore in a single session
  • On a weekly basis, BSE Sensex fell 1.30% while Nifty 50 declined 1.40%, breaking their three-week winning streaks

The market showed resilience against initial India-Pakistan tensions but eventually succumbed to selling pressure, particularly after remaining closed on Thursday and experiencing a sharp decline on Friday.

How to Verify Stock Market Holidays

For investors seeking to confirm market holidays, the BSE website provides an official calendar of trading holidays. To check this information:

  1. Visit the official BSE website (bseindia.com)
  2. Click on the "Trading Holidays" toolbar at the top of the page
  3. Review the comprehensive list of stock market holidays for 2025

According to this official source, while Buddha Purnima falls on May 12, 2025, it is not designated as a trading holiday for the Indian stock market.

Remaining Stock Market Holidays in 2025

Understanding the full holiday calendar helps investors plan their trading strategies. Here's a complete overview of the remaining stock market holidays in 2025:

May 2025

The only stock market holiday in May 2025 was Maharashtra Day on May 1, 2025, which has already passed. There will be no other market closures in May, ensuring uninterrupted trading throughout the rest of the month.

June and July 2025

Both June and July 2025 will see continuous trading with no scheduled market holidays.

August 2025

August will have two market holidays:

  • Independence Day - August 15, 2025 (Friday)
  • Ganesh Chaturthi - August 27, 2025 (Wednesday)

October 2025

October will feature three market holidays:

  • Mahatma Gandhi Jayanti/Dussehra - October 2, 2025 (Thursday)
  • Diwali - October 21, 2025 (Tuesday)
  • Diwali Balipratipada - October 22, 2025 (Wednesday)

November and December 2025

The final two months will have one holiday each:

  • Prakash Gurpurb Sri Guru Nanak Dev - November 5, 2025 (Wednesday)
  • Christmas - December 25, 2025 (Thursday)

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

Adani Group Launches India's First Hydrogen-Powered Mining Truck in Chhattisgarh

stock market news

Adani Group Launches India's First Hydrogen-Powered Mining Truck in Chhattisgarh

In a groundbreaking development for sustainable mining operations, Adani Group has deployed India's first hydrogen-powered truck for mining logistics in Chhattisgarh. This innovative vehicle represents a significant step forward in the nation's green transportation journey, capable of carrying 40 tonnes of cargo over a 200-kilometer range on a single hydrogen fill.

Pioneering Green Transportation in Mining

Adani Enterprises, the flagship company of the Adani Group, officially flagged off these hydrogen fuel cell trucks on May 10, 2025, marking a major milestone in the company's efforts to promote cleaner transportation alternatives in the mining sector. According to the company's statement, "These hydrogen-powered trucks will gradually replace diesel vehicles used in the company's logistics operations."

The first truck was inaugurated by Chhattisgarh Chief Minister Vishnu Deo Sai in Raipur and will be utilized for transporting coal from the Gare Pelma III Block to the state's power plant. This initiative represents a collaborative effort between Adani, Indian and international energy technology firms, and a major automotive manufacturer.

Advanced Technology and Specifications

The hydrogen-powered trucks feature several cutting-edge technologies:

  • Three hydrogen tanks for extended range
  • Smart technology integration for optimal performance
  • Capacity to carry up to 40 tonnes of cargo
  • Operating range of 200 kilometers per hydrogen fill
  • Zero harmful emissions – producing only water vapor and warm air
  • Minimal noise pollution compared to diesel alternatives

These vehicles match diesel trucks in range and load capacity while significantly reducing environmental impact, making them ideal for heavy-duty mining operations.

Environmental and Economic Benefits

Chief Minister Vishnu Deo Sai highlighted the significance of this initiative: "The launch of India's first hydrogen-powered truck in Chhattisgarh reflects the state's commitment to sustainability. Such initiatives will significantly reduce our carbon footprint and set a new standard for industry. Chhattisgarh is not only at the forefront in meeting the country's electricity demands but also leads by example in adopting sustainable practices."

The mining sector traditionally relies heavily on diesel-powered machinery, contributing substantially to carbon emissions and noise pollution. The transition to hydrogen fuel represents a major opportunity to reduce these environmental impacts while simultaneously decreasing India's dependence on imported oil.

Corporate Collaboration and Vision

The hydrogen truck project is a joint initiative between two Adani Enterprises subsidiaries: Adani Natural Resources (ANR) and Adani New Industries Limited (ANIL). While ANR will operate the vehicles for mining logistics, ANIL will supply the hydrogen fuel cells. ANIL is also involved in broader green energy initiatives, including green hydrogen production, wind turbines, solar modules, and battery manufacturing.

Vinay Prakash, CEO of Natural Resources and Director at Adani Enterprises, emphasized the company's commitment to sustainability: "The initiative for hydrogen-powered trucks is a significant step towards Adani Group's commitment to decarbonisation and responsible mining. We are creating model mines with minimal environmental impact by incorporating autonomous dozer push technologies, solar power, digital initiatives, and tree transplanters to relocate trees. We aim to ensure affordable and reliable electricity for all while pioneering new standards in sustainable mining practices."

Broader Sustainability Initiatives

The hydrogen truck deployment is part of Adani's comprehensive approach to sustainable mining. The company reports that Adani Natural Resources is the first organization in Asia to implement Dozer Push Semi-Autonomous Technology, which enhances both safety and sustainability in mining operations.

This initiative aligns with the appointment of Adani Enterprises as the mine developer and operator for the Gare Pelma III block by the state-owned Chhattisgarh State Power Generation Company Limited, following a competitive bidding process.

Future Implications

The successful deployment of hydrogen-powered vehicles in mining operations could serve as a blueprint for other heavy industries looking to reduce their carbon footprint. As hydrogen fuel cell technology advances and becomes more cost-effective, similar applications could emerge across various sectors requiring heavy-duty transportation.

For the mining industry specifically, this initiative demonstrates how traditionally carbon-intensive operations can adapt to incorporate more sustainable technologies without sacrificing operational efficiency or capacity.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.