Nifty and Sensex closed today due to Mumbai elections
Due to the Maharashtra assembly elections, stock markets nationwide were closed on Wednesday.
To make voting easier in Mumbai and other areas of the state, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) declared a trade vacation.
The BSE trading holiday list states that all equity, equity derivative, and SLB segments had their markets closed.
In compliance with the Maharashtra government’s announcement of a public holiday on election day, the holiday was previously declared. On Thursday, November 21, regular trading will resume.
After persistent selling pressure at the start of this week, domestic stock markets showed some recovery yesterday.
According to market analysts, the oversold market circumstances caused the Indian indexes to recover. International investors are still net sellers, however. On Tuesday, domestic investors (DIIs) purchased stocks worth Rs 2,783.89 crores, while foreign investors sold stocks worth Rs 3,411.73 crores.
The reasons for the decline in Indian equities are still very much in place, according to banking and market expert Ajay Bagga.Slower economic growth, downgrades to corporate results, FPI selling (although with a decreasing intensity), and high real interest rates are all impeding growth impulses.
It is necessary to interpret the Indian market rebound as a recovery from oversold areas. In a few days, we will be able to determine whether or not international sales are slowing down. In accordance with Asian markets, we are rising.
On Wednesday, there were conflicting patterns in the Asian markets. At the time this article was filed, every index was trading lower than its peak, with the exception of the Jakarta Composite and South Korea’s KOSPI index. Taiwan, Hong Kong, and Japan’s markets were all seeing a downturn in trade.
After trading down for the previous seven sessions, Indian stock indexes moved back into the green zone on Tuesday.
Sensex ended the day up 239.38 points, or 0.31 percent, at 77,578.38 points, while Nifty ended the day up 64.70 points, or 0.28 percent, at 23,518.50 points.
According to NSE statistics, Metal, PSU Bank, and Oil and Gas were the sectors losers, while Nifty Auto, Media, Realty, and Consumer Durables were the top movers.
