Stock market holiday today: BSE, NSE to remain shut for Eid al-Fitr

The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on April 11 on account of Id-Ul-Fitr (Ramzan Id). Trading in derivatives, equities, SLBs, and currency derivatives, as well as the interest rate derivatives segment too will remain shut for the day.

The commodity derivatives segment will remain closed in morning session (9am to 5pm), while the evening session will be remain open from 5pm to 11.55pm.

Trading on both the NSE and the BSE will resume on Friday, April 12.

On April 10, the benchmark indices ended higher with the Nifty hitting a fresh record high, and Sensex moving closer to its all-time high. At close, the Sensex was up 354.45 points or 0.47 percent to 75,038.15, and the Nifty was up 111.00 points or 0.49 percent to 22,753.80.

Top gainers on the Nifty included Coal India, BPCL, Kotak Mahindra Bank, ITC and Hindalco Industries, while the top losers were Cipla, Maruti Suzuki, HDFC Life, Divis Labs and SBI Life Insurance.

Except pharma, all sectoral indices ended in the green with media, PSU Bank, FMCG, Metal, Oil & Gas up 1-2 percent each.

The BSE MidCap and SmallCap indices were up 0.5 percent each.

“Markets edged higher and gained nearly half a percent in continuation of the prevailing trend. After the initial gap-up move, the Nifty remained range bound for most of the session and finally settled at 22,753.80 levels. The majority of sectors were aligned with the move where FMCG, metal and energy were among the top gainers. The broader indices also edged higher after two days of pause and gained in the range of 0.7-0.9 percent,” said Ajit Mishra, SVP – Technical Research at Religare Broking.

“Rotational buying across sectors combined with stability at the global front is helping the index to inch higher every passing day. We are eyeing the 22,850-23,100 zone in the Nifty ahead and expect the 22,350-22,500 zone to act as a strong support in case of any profit-taking. The beginning of the earnings season would trigger stock-specific volatility ahead, so participants should plan their positions accordingly,” he said.

On Wednesday, the rupee ended 12 paise higher at 83.19 against the dollar, while it had closed at 83.31 on Monday.

“The Indian rupee remained relatively stable. This sideways trend persisted, with the dollar index awaiting fresh triggers from the upcoming US CPI numbers scheduled for Wednesday evening. The strength of the economy is expected to support the rupee, while global geopolitical tensions may exert pressure. The rupee’s support levels are seen at 83.45-83.55, with resistance levels at 83.15-83.20,” said Jateen Trivedi, vice-president and research analyst at LKP Securities.

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!