Stock market holiday today: Wholesale commodities markets, including metals and bullion, will also be closed. The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will be closed on January 26 to commemorate Republic Day. On Monday, there will be no trading in equities, equity derivatives, interest rate derivatives, or currency derivatives, nor will there be securities lending or borrowing.
Bears ruled Dalal Street on January 25, as main indices Sensex and Nifty erased previous session gains, pressured by banking, FMCG, and IT companies. The Sensex closed down 359.64 points, or 0.51 percent, at 70,700.67, while the Nifty fell 101.40 points, or 0.47 percent, to 21,352.60. – Stock market holiday today
Major Nifty gainers were Hindalco Industries, NTPC, Hero MotoCorp, Dr Reddy’s Laboratories, and Divis Lab, while losers included Adani Enterprises, LTIMindtree, HCL Technologies, Tech Mahindra, and Power Grid. Except for Nifty Realty, every sectoral index was trading down. The indexes for banking, pharmaceuticals, financial services, IT, FMCG, and healthcare all finished more than one percent lower.
Stock market holiday today: BSE and NSE will remain closed for Republic Day.
The smallcap indexes outperformed the midcap indices in the wider markets, with Nifty Smallcap closing 0.5 percent higher. The midcap indices were corrected alongside the benchmarks. The benchmark indices closed on a negative note, taking cues from the global market, as the positive upside from the US economy delayed expectations of a rate cut. FIIs are selling as US benchmark bond yields climb. The broader market is unable to retain gains as concerns about high valuations, poor results, and ongoing geopolitical tension in the Middle East, followed by an F&O expiry, weigh on the market,” said Vinod Nair, head of research at Geojit.
On Thursday, the rupee closed steady at 83.12 per dollar, compared to 83.13 the day before.
The rupee traded sideways to negative territory, hovering around 83.10. The dollar index’s steadiness at about 103 is limiting currency movement. The Indian rupee has remained remarkably stable over the last year, thanks to a strong economic growth forecast and Reserve Bank of India (RBI) measures. The ongoing stability is expected to continue as long as the dollar remains in the 103 range, said Jateen Trivedi, VP and research analyst at LKP Securities.
