Stock market holiday today: BSE, NSE to remain shut for Maharashtra civic polls

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• BSE and NSE closed on Jan 15 for Maharashtra municipal elections
• Sensex fell 245 points, Nifty down 67 points in a volatile session
• Indian rupee ended at 90.30 per dollar, its lowest in three weeks

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The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on January 15 on account of municipal corporation elections in Maharashtra.

Trading in equities, equity derivatives, securities lending and borrowing (SLBs), currency derivatives and interest rate derivatives will remain shut for the day on both the BSE and the NSE.

The commodity derivatives segment will also remain closed for morning session, while trading will take place in the evening session.

Trading on the NSE and the BSE will resume on January 16 (Friday).

Indian markets ended lower in a volatile, rangebound session on January 14 as weakness in auto, IT and realty stocks offset strength in metal, PSU banking and oil & gas counters. Investors stayed on the sidelines ahead of the US Supreme Court’s decision on the legality of President Donald Trump’s tariff measures.

At close, the Sensex was down 244.98 points or 0.29 percent at 83,382.71, and the Nifty was down 66.70 points or 0.26 percent at 25,665.60.

Tata Steel, NTPC, ONGC, Axis Bank, Hindalco Industries are among major gainers on the Nifty, while losers are Tata Consumer, TCS, Asian Paints, Maruti Suzuki, HUL.

On the sectoral front, metal, PSU Bank, power, oil & gas index up 0.5-2%, while auto, IT, realty down 0.5-1%.

"The benchmark indices witnessed range-bound activity. The Nifty ended 67 points lower, while the Sensex was down by 245 points. Among sectors, Metal and PSU Bank indices rallied over 2 percent, whereas the IT index lost the most, shedding over 1 percent. Technically, after a muted open, the market registered narrow-range activity. On the lower side, it found support near 25,600/83200, while intraday profit booking was seen near 25,800/83800," said Shrikant Chouhan, Head Equity Research, Kotak Securities.

"We are of the view that the intraday market texture is non-directional; perhaps traders are waiting for either side to breakout. On the higher side, above 25,800/83800, the market could move up to 25,880-25,900/84000-84200. On the flip side, below 25,600/83200, selling pressure is likely to accelerate. If it falls below this level, it could retest the levels of 25,500-25,450/83000-82800," he added.

Indian rupee ended 12 paise lower at 90.30 per dollar on Wednesday versus Tuesday's close of 90.18.

"The Indian rupee has depreciated to its lowest level in three weeks, even as the central bank stepped in to curb volatility. The currency remains under pressure as imported commodity prices climb and domestic equities face headwinds from persistent foreign fund outflows," said Dilip Parmar – Senior Research Analyst, HDFC Securities.

"From a technical perspective, USDINR exhibits a bullish bias with resistance positioned at 90.40. A decisive close below the 89.90 support level would be required to shift this near-term outlook," he said.

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