Indian Share Markets (NSE/BSE) will remain closed for Holi celebrations on 8th March 2012 (Thursday). Holi, Festival of colors, is celebrated in India and Nepal with joy and fun. Holi is one of the most important festival of Hindu and for all Indian. According to the Hindi calendar, Holi is celebrated on the full moon day in the month of Phalgun. Holika Dahan is being celebrated on the eve of Holi. The tradition behind the holika dahan is, demon King Hiranyakashyap asked his sister Holika to enter a blazing fire with Prahlad in her lap but Prahlad was saved by lord himself for his extreme devotion and evil minded Holika was burnt to ashes. Peoples gather at streets, colonies, crossroads and light huge bonfires.
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