Stock Market Holiday: BSE, NSE to remain shut today on account of Christmas
economictimes.indiatimes.comBSE. All the segments including, the equity segment, derivative segment, and SLB segment will be closed today.
The Multi-Commodity Exchange (MCX) will also be closed for both morning and afternoon sessions.
In the entire calendar year, the markets have had 15 annual holidays in 2023, two more than last year.
In the previous week marked by heightened activity in the IPO space and increased volatility, equity indices saw marginal declines following seven consecutive weeks of gains.
Foreign investors, meanwhile, maintained a net selling stance throughout the past week, divesting over Rs 6,000 crore.
In contrast, domestic institutional investors bolstered the market with purchases exceeding Rs 9,000 crore.
This week, as global markets will be muted due to holiday seasons, domestic market dynamics are expected to steer sector- and stock-specific movements.
«The short-term positive trend persists, supported by a strong revival in FIIs buying and stock specific actions. Heading into the festive season and year-end, we can anticipate a range-bound trade scenario with limited data points,» said Vinod Nair, Head of Research at Geojit Financial Services.
From a technical standpoint, analysts said Nifty experienced profit-taking around the 21,500 mark, subsequently filling the gap created post the US Fed policy announcement near the 21,000 level.
«Despite a robust recovery from the 21,000 level, a breach of the 21,500–21,600 supply zone is imperative for a resumption of bullish momentum.
