Stock Market Holiday: India’s fairness, foreign money and commodity markets are shut on Wednesday, October 26, 2022, on account of Diwali Balipratipada. While the fairness and foreign money markets will resume commerce on Thursday, October 27, 2022, commodity markets will resume for the night buying and selling session at 5 pm on Wednesday.
Commodity markets comply with two periods – morning session from 9:00 am to five:00 pm and night session from 5:00 pm until 11:30/11:55 pm.
On Tuesday, the benchmark fairness indices on the BSE and National Stock Exchange (NSE) snapped their seven-session gaining streak and ended over 0.4 per cent decrease on Tuesday weighed by fast-moving client items (FMCG), banking and monetary shares amid weak point within the world market. The S&P BSE Sensex slipped 287.70 factors (0.48 per cent) to finish at 59,543.96 whereas the Nifty 50 declined 74.40 factors (0.42 per cent) to settle at 17,656.35 on Tuesday.
The rupee appreciated by 7 paise to shut at 82.81 in opposition to the US greenback on Tuesday, as easing crude oil costs buoyed investor sentiments.
Commenting on the outlook for Nifty, Subash Gangadharan, Senior Technical and Derivative Analyst at HDFC Securities mentioned, “While the Nifty remains in a short term uptrend and looks set to move higher towards the previous intermediate highs of 18096, it is important that on any mild corrections the index holds above the immediate supports of 17607-17503 for the uptrend to continue.”
