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

Market Shut Today

The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on February 26 for Mahashivratri.

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 in the morning session between 9:00 am to 5:00 pm, while will remain open for the evening session between 5:00 pm to 11:55 pm.

Trading on the NSE and the BSE will resume on February 27 (Thursday).

Benchmark indices ended off highs after the selloff extended in late trade, to end little changed on February 25 during a volatile session.

Nifty closed six points lower at 22,547.55 while BSE Mid and Smallcap indices fell 0.5 percent each. At close, Sensex was up 147.71 points or 0.20 percent at 74,602.12. After the fall, Nifty 50 has closed lower for a sixth session in a row.

M&M, Bharti Airtel, Bajaj Finance, Maruti Suzuki and Nestle were among major gainers on the Nifty, while losers included Hindalco, Dr Reddy's Labs, Sun Pharma, Hero MotoCorp, Trent.

On the sectoral front, IT, metal, oil & gas, energy, capital goods, PSU bank, realty shed 0.5-1 percent, while auto, consumer durables, FMCG, telecom rose 0.5 percent each.

"The index remained mostly muted, except for a small correction towards the close. Sentiment continues to favor the bears as the index sustained below the 21EMA on the hourly chart throughout the day, indicating selling on every rise," said Rupak De, Senior Technical Analyst at LKP Securities.

"On the lower end, support is placed at 22,500, below which sentiment may worsen further. On the higher end, resistance is seen at 22,650 and 22,750-22,800. A rise towards resistance is likely to attract selling pressure," he added.

Indian rupee ended 50 paise lower at 87.20 per dollar on Tuesday versus Monday's close of 86.70.

“The Indian rupee saw a sharp decline against the US dollar on Tuesday and fell by more than half a percent against the dollar, marking its biggest intraday drop in the past three weeks. However, despite a slight recovery, the rupee remained weak below the 87.20 level," said Rahul Kalantri, VP-Commodities, Mehta Equities.

"The drop in the rupee against the dollar came after US President Trump’s statement on tariffs related to Mexico and Canada. Additionally, fresh sell-off in the domestic equity markets from the FPIs put further pressure on the rupee. We expect the rupee to remain volatile and the pair could trade in the range of 86.65-87.70 this week,” he added.

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