Today is a stock market holiday: NSE and BSE will be closed in observance of Diwali Balipratipada

 Today is a stock market holiday: NSE and BSE will be closed in observance of Diwali Balipratipada

Today will see the closure of equities, equity derivatives, interest rate derivatives, currency derivatives, as well as securities lending as well as borrowing.

On November 14, the market will be closed in observance of Diwali Balipratipada.

Due to Diwali-Balipratipada, both the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE) will be closed on November 14. The following will likewise be closed: equities, equity derivatives, currency derivatives, interest rate derivatives, as well as securities lending along with borrowing.

Metal and bullion wholesale markets will be closed from 9 a.m. to 5 p.m. and reopen from 5 p.m. to 11:30 p.m. and 11:55 p.m.

The Indian major indexes saw losses on November 13. The Sensex closed at 64,933.87, down 325.58 points, or 0.50 percent, while the Nifty finished at 19,443.50, down 82.00 points for or 0.42 percent.

SBI Life, Bajaj Finance, Grasim, Infosys, and Nestle India were the largest losses on the Nifty, whilst Coal India, Eicher Motors, Hindalco, M&M, and BPCL turned out to be the winners.

The three sectors that suffered the most losses were Nifty Consumer Durables, Nifty IT, and Nifty Healthcare. The two biggest gainers were Nifty PSU Banks and Nifty Metal, which increased by 2.64 percent and 0.37 percent, respectively.

The smallcap index finished flat at 2.01 points, while the BSE Midcap index ended up 0.10 percent, or 34.31 points.

"Amidst global uncertainty, Indian equities continued to consolidate after Diwali." The IIP growth sharply slowed in September, falling from 10.3 percent in August to 5.8 percent, and the Manufacturing PMI declined, both of which are indicative of global trends fueled by inflation and increasing interest rates. FIIs are wary due to the weakening of the Indian Rupee. Strong profitability, economic stability, and domestic institutional flows, however, restrict the market's downside. Given that domestic October CPI inflation is predicted to reduce, a possible reversal is anticipated. According to Vinod Nair, Head of Research at Geojit Financial Services, "public sector banks are outperforming given strong credit growth, improved asset quality, while robust balance sheets, and the current trend is expected to persist."