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Gudhipadwa is a major regional public holiday in India, primarily celebrated in the states of Maharashtra and Goa to mark the traditional Hindu New Year. On this day, major Indian financial markets, including the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), are closed for trading. It is a significant cultural event that impacts domestic trading volumes and settlement cycles in the Indian financial system.
The date is determined annually based on the Hindu lunisolar calendar, specifically falling on the first day of the Chaitra month.
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