Indian Stock Markets Closed On Guru Nanak Jayanti; Trading To Resume Tomorrow

The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) remained closed on Wednesday, 5 November, in observance of Prakash Gurpurb Sri Guru Nanak Dev, popularly known as Guru Nanak Jayanti.

The closure affected all major trading segments, including equities, derivatives, securities lending and borrowing (SLBs), currency derivatives, and interest rate derivatives.

The Multi-Commodity Exchange (MCX) also remained closed for the morning session between 9 AM and 5 PM, but will reopen for the evening session from 5 PM to 11:30/11:55 PM.

Market participants expect limited activity during the evening trade as investors await cues from global markets.

Regular trading on both BSE and NSE will resume on Thursday, 6 November.

Market Recap: Tuesday’s Session Ends Lower

On the previous trading day, Indian equity benchmarks ended in the red amid widespread selling across sectors.

The Nifty slipped below the 25,600 mark, while the Sensex fell by 519.34 points, or 0.62 per cent, to close at 83,459.15. The Nifty declined by 165.70 points, or 0.64 per cent, to settle at 25,597.65.

The BSE Midcap index shed 0.2 per cent, while the Smallcap index dropped 0.7 per cent, indicating weakness across broader markets.

Among the major Nifty losers were Power Grid Corporation, Coal India, Tata Motors Passenger Vehicles, Bajaj Auto, and Eternal.

Conversely, Titan Company, Bharti Airtel, Bajaj Finance, HDFC Life, and Mahindra & Mahindra (M&M) emerged as the top gainers.

Barring the telecom and consumer durable sectors, all other indices ended in negative territory.

IT, auto, FMCG, metal, power, realty, and PSU sectors declined between 0.5 and 1 per cent. Analysts attributed the sell-off to profit booking and weak global cues.

Technical analysts observed that the Nifty index has retested its 20-day exponential moving average (EMA).

A decisive move below this level could dampen market sentiment and extend the correction toward 25,400.

“On the higher side, 25,800 is likely to act as immediate resistance. Traders are advised to remain cautious and prioritise risk management until a clear trend emerges,” experts noted.

As markets prepare to reopen after the midweek break, investors will closely track global market trends, crude oil prices, and domestic macroeconomic indicators to gauge short-term direction.

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