Indian share, commodity and forex markets closed on account of Muharram

The Indian inventory, commodity and cash markets will stay shut on Thursday, August 19,2021, on account of Muharram. They will resume buying and selling on Friday, August 20, 2021.
On Wednesday, the benchmark S&P BSE Sensex had ended 162.78 factors (0.29 per cent) decrease at 55,629.49, and the broader Nifty 50 on NSE had fallen 45.75 factors (0.28 per cent) to settle at 16,568.85.
The rupee appreciated by 11 paise to shut at 74.24 towards the US greenback on Wednesday, monitoring features in Asian friends towards the buck.
Commenting on the Nifty, Nagaraj Shetti, Technical Research Analyst at HDFC Securities wrote, “The market seems to have started tiring at the new highs of 16,700. But, there is no indication of any reversal pattern unfolding at the higher levels. Any decline from here down to the support of 16,400 (20 day EMA on a daily chart) could be a buy on dips opportunity in the near term. We expect upside bounce from the lows in the coming sessions. The upside target for Nifty remains at 16,900 levels.”