The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on June 17 on account of Eid-ul-Adha. Trading in derivatives, equities, SLBs, and currency derivatives, as well as in interest rate derivatives will remain shut for the day.
The commodity derivatives segment will remain closed in the morning session - from 9am to 5pm, while the evening session will remain open from 5pm to 11.55pm.
Trading on both the NSE and the BSE will resume on Tuesday, June 18.
On June 14, Indian markets soared to a fresh record high. Benchmark Sensex ended higher for third session while Nifty closed higher for fourth straight sessions.
At closing, Sensex closed 0.24 percent higher or 182 points to 76,992.77 while Nifty ended 0.29 percent or 66.7 points higher at 23,465.60.
Among sectoral indices, BSE Capital goods was the top gainer, up 1.7 percent followed by BSE Telecommunication, Consumer durables and consumer discretionary, which were up 1.3 percent each. Among losers, BSE IT index fell 0.7 percent.
BSE Midcap and smallcap gained 1 percent each.
"Nifty consolidated for the fifth consecutive day and managed to close in the green up ~67 points. On the daily charts we can observe that the Nifty has been consolidating in the broad range of 23200 – 23500. The more it consolidates around this level the more likelihood of a breakout in the coming week. It has already been five days and we believe that a trending move is likely to unfold. The hourly momentum indicator has triggered a positive crossover from the equilibrium line suggesting that the consolidation has matured and can resume next leg of upmove," said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.
"Bank Nifty is facing stiff resistance at the 78.6% Fibonacci retracement level (50050) and has been unable to sustain above it. The consolidation is now five trading sessions old and can resume its upmove during the upcoming week. Incase of dips towards 49500 - 49400 should be used as a buying interest for the target of 50500 – 50600," he added.
On Friday, Indian rupee ended flat at 83.56 per dollar versus Thursday's close of 83.54.
"The rupee traded sideways in a flat range around 83.55, as the dollar stayed within its range. Despite volatility in the dollar index due to the CPI data and the Fed's policy decision, the rupee remained resilient against the dollar," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
"The trend for the rupee will likely remain range-bound, but the undertone remains weak as it consolidates near its all-time low."
"A significant drop in the dollar below $103 would be necessary to trigger strong rupee buying above 83.00. Until then, the rupee is expected to trade within the range of approximately 83.20-83.75," he added.
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