Stock market holiday today: BSE, NSE to remain shut for Christmas

Market Shut Today

The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on December 25 on account of Christmas holiday.

Trading in derivatives, equities, SLBs, currency derivatives, and interest rate derivatives will remain shut for the day.

The commodity derivatives segment will also remain closed for morning and evening sessions.

Trading on the NSE and the BSE will resume on December 26 (Friday).

On December 24, the Indian equity indices ended with marginal losses, following a volatile trading session marked by muted volumes ahead of the Christmas holiday.

At close, the Sensex was down 116.14 points or 0.14 percent at 85,408.70, and the Nifty was down 35.05 points or 0.13 percent at 26,142.10.

Trent, Shriram Finance, Apollo Hospitals, UltraTech Cement, Adani Ports were among major gainers on the Nifty, while losers were Interglobe Aviation, Wipro, Dr Reddy's Labs, Sun Pharma, Tata Motors Passenger Vehicles.

Except media and metal, all other sectoral indices ended in the red with Information Technology, Oil & Gas, Pharma, PSU Bank down 0.4% each.

"Nifty continued with choppy movement with weak bias on Wednesday ahead of holiday in Indian and global markets due to Christmas and closed the day lower by 35 points amidst range movement. After opening on a positive note, the market failed to continue with upside momentum in the early to mid-part of the session. Gradual weakness was seen with range bound action in the mid to later part of the session and Nifty finally closed lower," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

"A small negative candle was formed on the daily chart with long upper shadow. Technically, the market action of the last two sessions signal breather in the market after a stellar rise from the lows, which could be an uptrend continuation pattern."

"The present lackluster movement in the market could be short lived and Nifty could bounce back sharply from the lows in the near term. Immediate support is placed at 26000 levels and the upside resistance to be watched around 26300," Shetti added.

Indian rupee ended lower at 89.78 per dollar on Wednesday versus Tuesday's close of 89.66.

"Following two days of muted close, the Indian rupee retreated, lagging behind its Asian peers on Wednesday. This decline was driven by a shift toward risk aversion, fueled by persistent capital withdrawals from foreign investors leading up to the holiday break, alongside heightened greenback demand from bullion importers," said Dilip Parmar – Senior Research Analyst, HDFC Securities.

"Despite the central bank’s announcement of USDINR swaps and Open Market Operations (OMO), the measures failed to ignite market enthusiasm as they did little to bridge the widening gap between dollar supply and demand ahead of year end."

"The outlook for spot USDINR maintains an upward trajectory provided it holds above the 89.00 mark; however, the 90.30 level continues to act as a formidable resistance for further gains," he added.

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