Yes, the stock market will remain shut tomorrow, May 1, on the occasion of Maharashtra Day. Maharashtra Day, celebrated annually on May 1st, marks the formal creation of the state of Maharashtra on May 1, 1960, following the Bombay Reorganisation Act. The Act separated the bilingual Bombay State into Marathi-speaking Maharashtra and Gujarati-speaking Gujarat. The day is a public holiday celebrated with parades, cultural programs, and flag-hoisting ceremonies, honouring Marathi culture and history.
