The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on November 20 on account of the Maharashtra Assembly polls. Trading in derivatives, equities, SLBs, currency derivatives, and interest rate derivatives will remain shut for the day.
The commodity derivatives segment and electronic gold receipts (EGR) segment will also remain closed for the morning session between 9:00 am to 5:00 pm, however these segments will remain open in the evening session between 5:00 pm to 11.55 pm.
Elections to the 288-member state legislative assembly will be held on November 20 in a single phase and counting of votes will be done on November 23, 2024.
Trading on the NSE and the BSE will resume on November 21 (Thursday).
The Indian equity markets snapped seven-day losing streak and ended higher in the volatile session on November 19, with the Nifty at 23,500 amid buying seen in the auto, realty and media.
At close, the Sensex was up 239.37 points or 0.31 percent at 77,578.38, and the Nifty was up 64.70 points or 0.28 percent at 23,518.50.
M&M, Trent, Tech Mahindra, HDFC Bank and Eicher Motors are among the top gainers on the Nifty, while losers are SBI Life Insurance, HDFC Life, Reliance Industries, Tata Consumer and Hindalco.
Among sectors, media, auto, realty, IT, pharma up 0.5-2.5 percent, while metal, oil & gas and PSU Bank down 0.5 percent each.
BSE Midcap and Smallcap indices up nearly 1 percent each.
"For most part of the trading session, Bulls were in a commanding position but a sudden fall (geopolitical tremors) in the last session erased majority of its gains and the Index closed at 23,518.50 with gains of 64.70 points," said Aditya Gaggar Director of Progressive Shares.
"Among the sectors, Media advanced the most followed by Realty and Auto while Metal and PSU Banks registered to the list of underperformers. The Broader markets outperformed the Frontline Index as Mid and Smallcaps soared over 0.90%."
"Around 200DMA, the Index has formed a DOJI candlestick pattern. A strong convincing and sustainable move above 23,800 is necessary for a trend reversal while 23,300 will work as a strong support," he added.
Indian rupee ended marginally lower at 84.41 per dollar on Tuesday versus Monday's close of 84.39.
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