Is the stock exchange closed today? India’s stock markets, the BSE (formerly known as the Bombay Stock Exchange) and the National Stock Exchange of India (NSE) remain closed for trading due to Republic Day on January 26th. This day is marked as a public holiday in the BSE trading holiday calendar and is one of the 15 trading holidays in 2023. The next trading holiday is on March 7th on the occasion of Holi.
It should be noted that weekends are not included in the BSE and NSE trading holiday calendar.
Wholesale markets for commodities, including metal and bullion, also remain closed. There will also be no trading activities on the foreign exchange and commodity futures markets.
Stock market holiday 2023 in India – Complete list
Holiday – March 07, 2023
Ram Navami – March 30, 2023
Mahavir Jayanti – April 4, 2023
Good Friday – April 07, 2023
dr Baba Saheb Ambedkar Jayanti – April 14, 2023
Maharashtra Day – May 01, 2023
Bakri Id – June 28, 2023
Independence Day – August 15, 2023
Ganesh Chaturthi – September 19, 2023
Mahatma Gandhi Jayanti – October 02, 2023
Dussehra – October 24, 2023
Diwali Balipratipada – November 14, 2023
Gurunanak Jayanti – November 27, 2023
Christmas – December 25, 2023
Markets are getting nervous about the 2023 Union budget
India’s benchmark indices shed more than 1 percent on January 25, with the Nifty closing below 17,900 amid selling across sectors, particularly power, oil & gas and financials.
After a negative start, the market extended selling throughout the day with indices hitting weekly lows and the Nifty breaking through 17,900 on the day but recovering somewhat from the daily low.
At the close, the Sensex was up 773.69 points, or 1.27 percent, to 60,205.06 and the Nifty was up 226.30 points, or 1.25 percent, to 17,892.
Outlook for Friday, January 27, 2023
Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities
Markets tumbled as investors liquidated their positions on the final day of F&O expiry. Traders also liquidated their position ahead of Adani Enterprises’ FPO, while the migration from T2 to T1 settlement starting Friday also resulted in some offloading.
While trading sentiment may remain volatile, next week’s budget and US Fed meeting could fuel strong sideways movement in the coming meetings.
Technically, the market corrected sharply after a double top. On the daily charts, the Nifty formed a long bearish candle and closed below the 18000 level, which is largely negative.
As long as the index trades below 18,000 the weak sentiment is likely to continue and below that the index could retest the 17,800 level. Any further downtrend could drag the index to 17,700. On the other hand above 18,000, the index could rise to 18050-18100.
Ajit Mishra, VP – Technical Research, Religious Broking
Markets took a sharp tumble on the monthly expiry day, ending down over a percent. After the flat start, the Nifty index gradually drifted down in the first half and stayed in a narrow band thereafter. It eventually settled at 17891.95; down 1.25%.
Meanwhile, selling pressure was widespread, with banking and financial stocks falling the most, closely followed by energy and property meters. The broader indices also traded in tandem with the trend, falling in the 1% to 1.5% range.
This decline has once again pushed the Nifty index closer to the lower band of the prevailing consolidation range, ie 17750 levels, and evidence from the banking package, which has significant weight in the index, points to further pain. We reiterate our view of favoring hedged positions and suggest adding some short positions as well.
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