Eid-ul-adha 2024: Is the Indian market shut on Monday for Bakri Eid?

Additionally, the Multi Commodity Exchange of India Limited (MCX) volition stay closed for the greeting league connected June 17 but volition reopen for the evening league from 5:00 PM to either 11:30 PM oregon 11:55 PM.

The Indian marketplace has a full of 15 holidays scheduled passim the calendar twelvemonth 2024. The ones remaining see Muharram connected July 17, Independence Day connected August 15, Mahatma Gandhi's day connected October 2, Diwali connected November 1, Gurunanak Jayanti connected November 15, and Christmas connected December 25, erstwhile trading activities volition besides beryllium suspended.

Read here: Sensex gains 182 points, Nifty 50 ends adjacent grounds high; mid-caps outperform

Stock markets connected Friday

On June 14, contempt a subdued start, India's benchmark equity indices, Sensex and Nifty 50, closed the league higher, buoyed by gains successful the car and user durable sectors. However, nett booking successful accusation exertion (IT) stocks weighed connected the indices. The BSE Sensex roseate 181.87 points oregon 0.24% to adjacent astatine 76,992.77, portion the Nifty 50 ended astatine 23,465.60, up 66.70 points oregon 0.29%.

In the broader markets, the Nifty Midcap 100 and Nifty SmallCap 100 outperformed, closing 1.05% and 0.8% higher, respectively. The India VIX, a measurement of marketplace volatility, closed 4.93% lower.

Read here: Jefferies lists 3 stocks that whitethorn emergence if earthy state is included successful GST

Vinod Nair, Head of Research astatine Geojit Financial Services, noted a impermanent slowdown successful marketplace momentum pursuing hawkish remarks from the US Fed, reducing expectations of an contiguous complaint cut. Investors are present awaiting cues from the upcoming national budget, anticipating a play of consolidation. There is increasing sentiment towards prioritizing payment initiatives, boosting stocks driven by consumption.

Among the Nifty 50 stocks, 28 ended successful the green, with Eicher Motors, Adani Ports, Mahindra & Mahindra, Shriram Finance, and Titan Company starring the gains. Conversely, Tech Mahindra, Tata Consultancy Services, Wipro, HCL Technologies, and Larsen & Toubro were among the apical losers.

Read here: 70% of Nifty Realty stocks delivered multibagger returns successful 1 year

Sector-wise, Nifty Auto, Consumer Durables, Realty, Metal, Oil & Gas, Financial Services, and FMCG sectors closed higher, with gains ranging from 0.4% to 1.30%. In contrast, IT ended lower, portion Media closed level for the day.

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Published: 15 Jun 2024, 09:12 AM IST