Share markets closed today due to Diwali Balipratipada festival


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New Delhi: The Indian stock markets are closed today on account of Diwali Balipratipada, which is the fourth day of the Diwali festival.

The wholesale commodity markets, along with metal and bullion, are also shut. The forex and commodity futures markets will also remain shut.

Both the benchmark equity indices, BSE and NSE, will resume trading from Tuesday when the equity market is expected to be choppy due to the ongoing Q2 earnings and macro-economic data.

According to market observers, during the holiday-shortened week ahead, investors will focus on the next leg of corporate earnings announcements, as well as auto companies’ October sales figures.

Banks are also closed on Monday in several cities, including Mumbai, to mark the beginning of the Vikram Samvat New Year and other festivals.

Samvat 2076 started on a positive note yesterday, with the markets advancing nearly 0.5% in the symbolic Muhurat trade session, helped by gains in Tata Motors and Mahindra & Mahindra shares.

At closing, the BSE’s 30-share Sensex advanced 0.46%, or 190.71, points to at 39,248.77 points, while the National Stock Exchange’s 50-share Nifty rose 0.36%, or 42.05 points, to 11,625.95 points.

Barring telecom, all BSE sectoral indices were in the green, led by auto, industrials, metal and basic materials.

Brokers said buying activity gathered momentum as investors opened their books on the first session of Samvat 2076.

Meanwhile, Indian capital markets witnessed a net inflow of over 3,800 crore by foreign portfolio investors (FPI) in October so far on the back of steps taken by the government to revive domestic demand coupled with positive global cues.

The depositories data showed that overseas investors pumped in a net amount of 3,769.56 crore into equities and 58.4 crore in the debt segment, taking the total net investment to 3,827.9 crore in this month so far.

The combined market capitalisation of seven of the 10 most valued Indian firms advanced by 76,998.4 crore last week, with TCS leading the chart.






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