NEW DELHI: Equity, currency, commodity, and derivatives markets will be closed for trading on Wednesday, January 26 as Dalal Street and the nation will observe Republic Day.
This is the first market holiday of the year, and will likely give breathing space to traders amid heightened volatility in the market.
On Tuesday, benchmark indices bounced back after five consecutive days of fall as investors preferred to buy stocks at low levels. However, weak global cues kept gains in check. Banking stocks saw heavy demand as buyers returned to the Street. Auto names also supported the rally. Meanwhile, IT stocks remained subdued.
The 30-share pack Sensex rose 366.64 points or 0.64 per cent to close at 57,858.15. The index gyrated in a range of 1557 points during the day. Its broader peer NSE Nifty added 128.85 points or 0.75 per cent to 17,277.95.
Market breadth was in favour of gainers as 1,979 stocks ended in the green, while 1,366 names settled with cuts. As many as 136 securities hit 52-week highs, mostly from the smallcap space. Meanwhile, 64 names hit 52-week lows, mostly from the microcap space. About 260 stocks hit upper circuit limits and 460 lower circuit limits.
European markets were trading higher. London-based FTSE added 1.10 per cent while Paris and Frankfurt rose 1.43 per cent and 1.22 per cent, respectively. In Asia, all of the markets ended in the red.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
