NEW DELHI: The Indian stock markets are closed today, Friday, November 15, in observance of
Guru Nanak Jayanti, marking the birth anniversary of Guru Nanak Dev, the founder of Sikhism. On this holiday, trading activities at the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) are suspended across segments, including Equity, Equity Derivatives, Currency Derivatives, SLB, NDS-RST, Tri-Party Repo, and Electronic Gold Receipts (EGR).
Commodity exchanges are also affected, with the Multi Commodity Exchange (MCX) and National Commodity Exchange (NCDEX) remaining closed from 9:00 am to 5:00 pm. Both exchanges are set to resume trading after 5:00 pm.
This is the second stock market holiday in November, following Diwali earlier in the month. The next scheduled holiday will be on November 20 for the Maharashtra Assembly Elections, and the final market holiday of the year falls on December 25, Christmas Day.
Meanwhile, Indian stock indices have been on a six-day losing streak, weighed down by foreign investor outflows and rising retail inflation. On Thursday, the Sensex closed at 77,580.31 points, down 110.64 points or 0.14 per cent, while the Nifty fell to 23,532.70 points, marking a 0.11 per cent decline. Sectoral indices showed mixed trends, with banking, auto, and media stocks advancing, while FMCG, pharma, and PSU banks declined.
Across Asia, other markets show varied performance. Japan's Nikkei index rises 0.8 per cent, Hong Kong’s Hang Seng gains 0.54 per cent, and Taiwan’s weighted index climbs 0.5 per cent, while South Korea’s KOSPI drops by 0.4 per cent. Brent crude currently trades at $72.13 per barrel, reflecting a steady energy market.
US indices also close with losses on Thursday, with the S&P 500 dipping 0.6 per cent and the Nasdaq declining 0.69 per cent, adding to global concerns over inflation and economic outlook. Markets in India are set to resume trading on Monday, November 18, with investors anticipating cues from both domestic and international developments.