The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will remain closed on Monday, June 17, in observance of Bakri Id. According to the BSE’s website, the closure will affect the equity segment, equity derivative segment, and SLB (Securities Lending and Borrowing) segment. Trading will resume on June 18.
Additionally, the Multi Commodity Exchange of India Limited (MCX) will be closed for the morning session on June 17. However, it will reopen for trading in the evening session from 5 pm to 11:30/11:55 pm.
The remaining market holidays for the year include:
- Muharram (July 17)
- Independence Day (August 15)
- Mahatma Gandhi's Birthday (October 2)
- Diwali (November 1)
- Gurunanak Jayanti (November 15)
- Christmas (December 25).
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Markets on Friday: Benchmark indices Sensex and Nifty50 surged to new highs, driven by gains in heavyweights like Reliance Industries, Mahindra and Mahindra, and HDFC Bank. The indices, however, retreated slightly towards the end of the session, closing with modest gains. The Sensex ended the day at 76,606.57, up 149.98 points, while the Nifty50 closed at 23,322.95, marking a 0.25% increase.
Talking about the performance Rajesh Bhosale, equity technical analyst, Angel One said “The week was characterised by a steady climb in Nifty with prices making fresh new highs throughout the week. However, traders found it challenging to trade within the key indices due to sluggish intraday movements.”
Nagaraj Shetti, technical analyst at HDFC Securities said, “Nifty continued to show range bound action within 23300-23500 levels and still there are no early signs of any breakouts on either side. A decisive move above 23500 levels is likely to open upside breakout and a slide below 23300 levels could mean a chance of downside breakout of the range movement in the near term.”
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