Holi: NSE, BSE shut on Tuesday, MCX to resume evening session, Asian markets under pressure

Market Overview - Indian share markets are closed on March 3 due to the Holi festival holiday, with trading suspended on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) [1] - The Multi Commodity Exchange of India (MCX) will resume trading in the evening session from 5 pm to 11 pm [2] Global Market Trends - Major Asian indices experienced selling pressure, with Japan's Nikkei 225 down by 1.71% to 57,065, Hong Kong's Hang Seng down by 0.24% to 25,985, Taiwan's Weighted Index down by 0.36% to 34,967, and South Korea's KOSPI down by 2.42% [2] - Conversely, Singapore's Straits Times index gained 0.94% [2] Crude Oil Prices - Crude oil prices surged amid geopolitical tensions, with Brent crude increasing by approximately 1% to USD 78.52 per barrel [3] Domestic Market Performance - On March 2, domestic equity benchmarks faced a significant sell-off due to escalating military tensions between the US, Israel, and Iran, leading to a global "risk-off" sentiment [4] - The Sensex closed at 80,238.85 points, down 1,048.34 points or 1.29%, while the Nifty ended at 24,865.70 points, down 312.95 points or 1.24% [4] - Market participants are expected to track global cues and crude oil price movements when trading resumes after the holiday [4]