Mumbai: Market Holiday– Indian stock exchanges Bombay stock exchange (BSE) and National stock exchange (NSE) to remain close for the next four days on account of continuous holidays. No trading will take place in the markets till Sunday. Today the markets will remain closed due to the celebrations of Dr. Babasaheb Ambedkar Jayanti, Mahavir Jayanti, Baisakhi, Vaisakhi, Tamil New Year’s Day, Cheeraoba, Biju Mahotsav and Bohag Bihu across India. And tomorrow business will be closed on April due to Good Friday/Bengali New Year Day (Nabvarsha), Himachal Day and Vishu. Additionally, the markets will remain closed on April 16 and 17 due to weekends – Saturday and Sunday.
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On Wednesday market witnessed weekly F&O expiry a day before the scheduled weekly Thursday expiry due to the long spell of holidays. The BSE Sensex closed 237.44 points or 0.41% lower at 58,338.93, while the NSE Nifty 50 closed 54.65 points or 0.31% lower at 17,475.65 on Wednesday. Top gainers on the Sensex were ITC, Sun Pharma, HUL, SBI and NTPC. Top bearers on the same benchmark were – HDFC, HDFC Bank, Maruti Suzuki, Dr Reddy’s Lab, Asian Paint, Power Grid, Bajaj Finance, Titan and Kotak Bank.
Banking, auto, financial and media stocks witnessed selling pressure during the close of the Indian market yesterday. While losses were limited by gains in FMCG, pharma, and oil and gas stocks. Indian markets are trading sideways on the inflation worries due to the high crude prices amid the Russia-Ukraine war. Markets are down from their recent high due to the continuous sell-off from the FIIs in India. While investors and markets are waiting for positives cues and expecting the end of a war between Russia and Ukraine which has a bearing on crude oil.
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