The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on the 20th of May, Monday.
The Stock Exchanges have taken this decision on account of the fifth phase of Lok Sabha Elections 2024 which is scheduled for Monday (Today).
Trading in derivatives, equities, SLB and currency derivatives as well as in interest rate derivatives will remain shut today.
The commodity derivatives segment will remain closed in the morning session – from 9 am to 5 pm, while the evening session will remain open from 5 pm to 11.55 pm.
Trading will resume on Tuesday, May 21st for both the BSE and NSE.
During the previous session, the headline index NSE Nifty on Saturday closed 36 points or 0.16 per cent higher at 22,502 level. The 30-share BSE pack settled 89 points or 0.12 per cent up at 74,006. Bourses were open on May 18 due to a special trading session.
On BSE, frontline stocks such as Nestle India, L&T, TCS, Power Grid, Tata Motors, SBI, Airtel, HUL and HCL Tech gained up to 2.33 per cent.
“Nifty remains within the channel, closing above 22,500 for the first time in several days. However, a small, bodied candle on daily charts suggests very little about the future direction of the price. Additionally, heavy writing is visible in both ‘CALL’ and ‘PUT’ at 22,500, indicating a sense of inflexion. Therefore, traders need to be watchful in the initial hour to confirm any directional move. Support is visible at 22,400. On the higher end, a sustained move can take the index towards 22,600 and higher in the short term,” said Rupak De, Senior Technical Analyst at LKP Securities.
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