Stock market holiday today on September 14: BSE, NSE to remain closed today on account of Ganesh Chaturthi

The latest market report highlights that Indian equity markets will stay closed today, September 14 on account of Ganesh Chaturthi, with trading suspended across major segments on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Trading in equities, equity derivatives, securities lending and borrowing (SLBs), currency derivatives, and interest rate derivatives will stay shut for the day on both exchanges.

In the meantime, the commodity derivatives segment will stay closed during the morning session from 9:00 am to 5:00 pm, but trading will resume in the evening session between 5:00 pm and 11:30 pm/11:55 pm.

Market activity on the NSE and BSE will resume on September 15 (Tuesday).

Indian key market indices recovered sharply from the day’s lows to end marginally softer in a volatile session on September 11, amid selling noted in metal, realty and PSU bank stocks.

At close, the Sensex was down 120.83 points or 0.16 percent at 74,781.76, and the Nifty was down 79.70 points or 0.34 percent at 23,398.10.

For the week BSE The two key benchmark indices shed 2% each.

Broader indices additionally ended softer, with Nifty Midcap index declining 0.26%, and Smallcap index falling 0.6%.

Dr Reddy’s Laboratories, HDFC Bank, ITC, Tech Mahindra and Wipro were among the major Nifty gainers, while Hindalco Industries, JSW Steel, Tata Steel, Eicher Motors and ONGC were the top losers.

Among sectors, the Nifty Private Bank index rose 0.5%. In the meantime, the Metal and Realty indices declined more than 2% each, while Auto, Energy, Oil & Gas, and PSU Bank indices declined 0.5% each.

"A sharp spike in oil price marks and concerns over a elevated global rate environment weighed on domestic equities, extending the recent corrective trend. The elevated producer inflation and firm US economic data reinforced expectations of tighter monetary policy, pushing bond yields elevated and sustaining FII outflows. That stated, the market recovered from intraday lows, aided by value buying in select sectors, particularly IT, following a positive opening in European markets," stated Vinod Nair, Head of Research, Geojit Investments.

"Despite the rebound, weak market breadth suggests broader consolidation persists. While elevated crude prices, foreign outflows, and geopolitical uncertainty may keep volatility high, resilient domestic fundamentals and firm institutional backing keep attract buying at softer marks, limiting downside risks and supporting the medium-term outlook," he further noted.

On Friday, the Indian indian rupee ended softer for the fourth consecutive session, weakening 11 paise to close at 95.55 per dollar on Friday, compared with the previous close of 95.44.

"The Indian indian rupee extended its downward spiral for a fourth consecutive session, logging its steepest weekly loss since May 15 amid surging oil price marks and climbing bond yields. Persistent geopolitical tensions and sluggish monsoon rainfall continued to weigh heavily on domestic sentiment, dampening the positive momentum generated by the Reserve Bank of India and government backing measures," stated Dilip Parmar – Senior Research Market observer, HDFC Securities.

"In the near term, spot USDINR faces resistance at 95.80, with firm backing positioned around 95.15, paving the way for a phase of consolidation following the recent sharp upward surge," he further noted.