MUMBAI - India's major stock exchanges, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), will remain closed on Monday, November 27, in honor of Guru Nanak Jayanti. The holiday marks the second closure of the month for the exchanges, following the observance of Diwali Balipratipada on November 14. Another closure is scheduled for December 25 in celebration of Christmas.
Today's trading session ended with marginal movements in the key indices. The BSE Sensex edged down slightly to close at 65,970.04, while the NSE Nifty experienced a minor decline to settle at 19,794.70. Sectoral performance was mixed, with losses seen in information technology (IT) and fast-moving consumer goods (FMCG) sectors. However, these were offset by gains in metals and pharmaceuticals.
The broader market saw a divergence in movement, with Midcap indices remaining flat and SmallCap indices inching up by 0.30%. Additionally, the volatility index India VIX rose slightly, signaling an increase in market uncertainty.
Looking ahead to next week, after the closure on Monday for Guru Nanak Jayanti, normal trading operations are expected to resume on Tuesday across BSE, NSE, and Multi Commodity Exchange (MCX). Notably, MCX had a brief interruption in morning trades earlier this week but reopened for evening sessions.
In corporate news, Maruti Suzuki India Limited is set to issue over 1.23 crore shares as part of its acquisition strategy for Suzuki Motor Gujarat Private Limited. This move comes as the automobile industry captures investor attention with stories of significant returns on investments, notably highlighted this Tuesday with an extraordinary rise in an automobile stock value.
Investors are advised to plan their trading activities according to the market closures and stay attuned to further developments as regular trading resumes post-holiday.
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