Stock market will remain closed on account of Independence Day on 15th August, Monday. National Stock Exchange (NSE) and the BSE will remain closed for normal trading on Monday. Trading on the country’s largest commodity exchange – the Multi Commodity Exchange of India (MCX) and agriculture commodity index NCDEX (National Commodity & Derivatives Exchange Limited).
India will celebrate its 75th year of Independence on Monday.
The equity markets were last closed for trading on 9 August on account of Muharram.
The markets will remain closed on three other occasions in 2022 in October and one in November.
BSE had listed out 13 holidays for equity, equity derivatives, and SLB segments. During the calendar year 2022 available on https://www.bseindia.com/
At the market close on Friday, the BSE Sensex gained 130.18 points or 0.22 per cent to 59,462.78, and Nifty50 surged 39.15 points or 0.22 per cent to 17,698.15. While the broader markets outperformed the benchmarks, as the Nifty midcap and smallcap up over 0.7 and 0.25 per cent at the close.
As many as 29 stocks advanced and 21 declined on Nifty50 at the close. ONGC surged nearly 5 per cent to become top Nifty gainer ahead of earnings as crude nears $100/bbl, followed by Tata Steel up over 3.per cent – it has jumped 12.5 per cent since the ex-split date. NTPC is also up over 3 per cent.
The recent buoyancy on the global front combined with rotational buying across sectors are pointing towards the prevailing up move to extend further with intermediate pause Participants should align their positions accordingly, the market analyst added.