Today, July 17, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) are closed for Muharram. This means no trading in stocks, equity derivatives, SLB, currency derivatives, or interest rate derivatives. However, companies will still release their quarterly results for April-June 2024 as planned.
Among the 22 firms announcing their results today are Asian Paints Ltd, LTIMindtree Ltd, Hathway Cable & Datacom Ltd, and Elecon Engineering Company Ltd.
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According to the BSE calendar, Muharram is the tenth market holiday of 2024. The next holidays are Independence Day (August 15), Mahatma Gandhi Jayanti (October 2), Diwali (November 1), Gurunanak Jayanti (November 15), and Christmas (December 25).
Will the Commodity Market Open Today?
The National Commodity Exchange (NCDEX) and the Multi Commodity Exchange (MCX) will open for trading in the evening from 5:00 PM IST. They will be closed during the morning session from 9:00 AM to 5:00 PM IST.
Stock Market Recap
On Tuesday, the Sensex and Nifty 50 hit record highs for the third consecutive day. The Sensex closed at 80,716.55, up by 51.69 points (0.06%), and peaked at 80,898.30 during the day. The Nifty 50 closed at 24,613, up by 26.30 points (0.11%), and reached a new high of 24,661.25.
The rally was driven by gains in IT, telecom, and FMCG sectors, along with foreign institutional investor (FII) inflows. Positive cues from Wall Street, where the Dow hit a new high of 40,351.10, also contributed to the optimism. However, the India VIX stayed above 14, indicating concerns about market volatility. Broader markets performed marginally above the baseline, underperforming the benchmarks.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
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