Stock Market Holiday: Is the Indian Stock Market Closed Today?

In the last trading session on Tuesday, the Indian stock market indices Sensex and Nifty 50 extended their gains for the third straight session, achieving new record highs during the day

Despite the trading closure, the scheduled release of April-June quarter results for fiscal 2024-25 (Q1FY25) will proceed as planned

Source : PTI

The Indian stock market will remain closed for trading today, Wednesday, July 17, due to the Muharram festival. Both major stock exchanges, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), will remain closed, including their equity, equity derivative, SLB, currency derivatives, and interest rate derivatives segments.

Despite the trading closure, the scheduled release of April-June quarter results for fiscal 2024-25 (Q1FY25) will proceed as planned.

Meanwhile, in the last trading session on Tuesday, the Indian stock market indices Sensex and Nifty 50 extended their gains for the third straight session, achieving new record highs during the day. Despite subdued global signals and cautious sentiment ahead of the Union Budget, selective buying in prominent heavyweight stocks supported the upward momentum.

During the session, the Sensex reached a new record of 80,898.3, while the Nifty 50 achieved a peak of 24,661.25. The Sensex, comprising 30 shares, closed 52 points higher at 80,716.55, a 0.06 per cent gain. Meanwhile, the Nifty 50 closed at 24,613, marking a rise of 26 points or 0.11 per cent. These closing figures also set new records for both indices.

On the Sensex, HUL, Bharti Airtel, TechM, Infosys, M&M, and ICICI Bank saw gains, while Kotak Bank, NTPC, Reliance, UltraCemco, PowerGrid, and L&T faced losses. In broader markets, the BSE Midcap declined by 0.29 per cent, whereas the BSE Smallcap ended higher with gains of 0.32 per cent.

In terms of sector performance, the majority of indices closed lower. The Nifty Media index led the declines, falling by 1 per cent, followed by the Nifty Pharma, which declined by 0.38 per cent, and the Nifty PSU Bank, which dipped by 0.25 per cent. Conversely, the Nifty Realty index saw a notable increase of 1.6 per cent, while the Nifty FMCG index surged by 0.96 per cent.

In July, the domestic market consistently set new records, buoyed by optimism surrounding a growth-focused Union Budget, anticipated strong Q1 earnings from Indian corporates, and favourable progress of the monsoon season.