Stock market holiday today: NSE, BSE to remain shut on account of Diwali Balipratipada

The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will remain closed on November 14 due to Diwali-Balipratipada. Equity, equity derivatives, interest rate derivatives, currency derivatives, and securities lending and borrowing will also remain closed.

Wholesale commodity markets, including metal and bullion, will remain closed from 9am to 5pm, and open from 5pm to 11:30/11:55pm.

On November 13, the Indian benchmark indices ended up in the red with Sensex closing down 325.58 points or 0.50 percent at 64,933.87 while Nifty ended 82.00 points or 0.42 percent down at 19,443.50.

The biggest losers on Nifty were SBI Life, Bajaj Finance, Grasim, Infosys, and Nestle India while Coal India, Eicher Motors, Hindalco, M&M, and BPCL ended up as the gainers.

Among sectors, Nifty Consumer Durables, Nifty IT, and Nifty Healthcare were the biggest losers Nifty PSU Banks and Nifty Metal were the gainers as they gained 2.64 percent and 0.37 percent, respectively.

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

“Post-Diwali, Indian equities continued consolidation amid global uncertainty. The sharp deceleration in IIP growth, from 10.3 percent in August to 5.8 percent in September, and weakening Manufacturing PMI reflect global trends driven by rising interest rates and inflation. The Indian Rupee’s weakness keeps FIIs cautious. However, the market’s downside is limited by strong earnings, economic stability, and domestic institutional flows. A potential reversal is likely, as domestic October CPI inflation is expected to moderate. Notably, public sector banks are outperforming due to strong credit growth, improved asset quality, and robust balance sheets, and this trend is expected to persist,” said Vinod Nair, Head of Research at Geojit Financial Services.