Stock market holiday today: BSE, NSE to remain shut on account of Dussehra

Wholesale commodity markets, including metal and bullion, will remain closed from 9am to 5pm and will be open from 5pm to 11:30/11:55pm.

The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will remain shut on October 24 on account of the Dussehra. There will be no trading in equities, equity derivatives, interest rate derivatives, and currency derivatives, while securities lending and borrowing will also not take place on Tuesday.

Wholesale commodity markets, including metal and bullion, will remain closed from 9am to 5pm and will be open from 5pm to 11:30/11:55pm.

On October 23, Indian equity indices ended lower for the fourth consecutive session with Nifty below 19,300.

At close, the Sensex was down 825.74 points or 1.26 percent at 64,571.88, and the Nifty was down 260.90 points or 1.34 percent at 19,281.80.

Biggest losers on the Nifty included LTIMindtree, Adani Enterprises, Hindalco Industries, Adani Ports, and UPL, while gainers were M&M and Bajaj Finance.

All the sectoral indices ended in the red with Metal, Information Technology, Realty, Oil & Gas, Power, and Capital Goods down 2-3 percent each, while Auto, Bank, FMCG, and Pharma were down between 1 and 2 percent.

BSE Midcap index shed 2.5 percent, while Smallcap Index declined 4 percent.

"Benchmark indices witnessed severe pounding in the last hour trades as simmering geo-political tension in the Middle-East region triggered a wave of selling pressure and prompted investors to offload equity holdings. Investors are already worried about further interest rate hike and inflation, and with the addition of the Israel-Hamas conflict, the uncertainty has increased further and leading to weak sentiment in global equities," said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities.

"Technically, the Nifty has formed a long bearish candle on daily charts which is indicating further weakness from the current levels. For day traders, 19,400 would be the key resistance level, below which the index could slip till 19,200-19,175. On the other hand, above 19,400 we could see a quick technical bounce back till 19,450-19,500," he added.

On Monday, the Indian rupee ended lower at 83.19 per dollar against Friday's close of 83.12.