Mumbai — The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) were closed on Wednesday in observance of Guru Nanak Jayanti, also known as Prakash Gurpurb Sri Guru Nanak Dev.
All market segments, including equities, derivatives, securities lending and borrowing, currency derivatives, and interest rate derivatives, remained shut for the holiday. Commodity derivatives trading was closed during the morning session and will reopen for the evening session from 5 p.m. to 11:30/11:55 p.m.
Regular trading across exchanges will resume on Thursday.
The markets had finished lower on Tuesday, with broad-based selling pressure dragging the Nifty below the 25,600 mark. The Sensex declined 519.34 points, or 0.62 percent, to close at 83,459.15. The Nifty fell 165.70 points, or 0.64 percent, ending at 25,597.65.
The BSE Midcap index slipped 0.2 percent, while the Smallcap index dropped 0.7 percent.
Among major Nifty stocks, Power Grid Corp, Coal India, Tata Motors Passenger Vehicles, Bajaj Auto, and Eternal were the session’s top losers. Gains were seen in Titan Company, Bharti Airtel, Bajaj Finance, HDFC Life, and Mahindra & Mahindra.
Aside from telecom and consumer durables, most sectoral indices ended in the red. IT, auto, FMCG, metal, power, realty, and PSU stocks declined between 0.5 and 1 percent.
Analysts noted that the Nifty retested its 20-day exponential moving average. A sustained move below this level could push the index further toward 25,400. On the upside, 25,800 is expected to act as immediate resistance.
Traders were advised to remain cautious and prioritize risk management until a clearer trend emerges. (Source: IANS)
