The equity market will remain closed on Tuesday on account of Independence Day. As per the websites of both BSE and NSE, August 15, Independence Day is a trading holiday for all equity segments, equity derivative segments, and SLB segments. Additionally, wholesale commodity markets, including metal and bullion, will also remain closed.


MD and CEO of NSE Ashishkumar Chauhan, on the occasion of Indepnadace Day, said, "As one of the leading global economies, we stand on the cusp of transformation, growth and development, echoing the spirit of a resurgent India. NSE remains focused on being a catalyst for capital market formation, nation – building and job creation, and continues its sustained efforts towards empowering investors. Happy Independence Day.”


On Monday, the two key equity benchmarks, Sensex and Nifty, pared their losses of the day and closed on a positive note amid volatility. The S&P BSE Sensex, which oscillated 696 points during the day, ended at 65,402, up 79 points. On the other hand, the NSE Nifty50 rebounded from a low of 19,258 and closed at 19,435, up 6 points.


On the 30-share Sensex platform, Infosys, HUL, Reliance, L&T, ICICI Bank, and Asian Paints were among the gainers. On the downside, JSW Steel, SBI, Tata Steel, Bajaj Finserv, UltraCemco, and IndusInd Bank emerged as losers.


On Nifty, LTIMindtree, Divi's Labs, Infosys, HUL, and Reliance Industries were the major gainers, while losers included Adani Enterprises, JSW Steel, Hindalco Industries, State Bank of India, and Tata Steel.


Also Read: Centre Increases Windfall Tax On Domestic Crude Oil, Diesel Export And ATF


In the broader markets, the BSE Midcap and Smallcap indices declined 0.5 per cent each. Sectorally, the Nifty Metal index fell 2 per cent amid real estate sector-related concerns in China. On the other hand, the Nifty Media, FMCG, and IT indices added up to 1 per cent.


Brent crude fell 0.33 per cent to $86.52 a barrel, on Monday. Meanwhile, the rupee fell 29 paise to an all-time low of 83.11 (provisional) against the US dollar on Monday, driven down by a strong greenback in foreign markets and firm crude oil prices.