Stock Market Holiday: BSE and NSE Closed Today for Gandhi Jayanti

The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will remain closed on October 2 in observance of Mahatma Gandhi Jayanti. On this public holiday, there will be no trading activities in equities, equity derivatives, interest rate derivatives, and currency derivatives. Additionally, securities lending and borrowing will not take place.

Wholesale commodity markets, including those for metals and bullion, will also remain closed in accordance with the holiday.

In the previous trading session on September 29, the Indian benchmark indices closed on a positive note. The Sensex saw an uptick of 320.09 points, or 0.49 percent, ending at 65,828.41, while the Nifty rose by 114.80 points, or 0.59 percent, closing at 19,638.30.

Key gainers in the Nifty included Hindalco Industries, NTPC, Hero MotoCorp, Dr. Reddy’s Laboratories, and Divis Laboratories. Conversely, Adani Enterprises, L&T Infotech, Mindtree, HCL Technologies, Tech Mahindra, and Power Grid were among the notable losers.

All sectoral indices, except for information technology, closed in the green. Sectors such as metals, power, oil and gas, PSU banks, and healthcare witnessed gains ranging from 1 to 2.7 percent.

The BSE midcap index recorded a gain of 1.3 percent, while the smallcap index edged up by 0.6 percent.

Analyzing the market, Jatin Gedia, a technical research analyst at Sharekhan by BNP Paribas, noted that the Nifty displayed positive signs by closing above 19,600. On the hourly charts, an impulse was observed, indicating a short-term bottom around 19,492. A positive divergence and crossover on the hourly timeframe also suggest the potential for a pullback.

In terms of currency markets, the Indian rupee concluded the session 14 paise higher at 83.04 per dollar, compared to the previous close of 83.18. Global cues and factors such as profit-taking and a decline in US Treasury bond yields influenced the US Dollar Index, contributing to the rupee’s positive performance. Currency experts anticipate a trading range of 82.70 to 83.30 for the week ahead.

Daily Index & Stock Option Research On Whatsapp
We will be happy to hear your thoughts

      Leave a reply

      Share Price India News