Stock Market Holiday: Sensex, Nifty To Remain Closed On Account Of Republic Day

Stock Market Today: Sensex and Nifty will also remain closed for the next two days on account of weekend holidays. The market will resume trading on Monday (January 29).

The two key equity benchmarks, Sensex and Nifty, on Friday will remain closed on account of Republic Day. The trading in equities, equity derivatives, currency derivatives, and interest rate derivatives will also remain shut. Securities lending and borrowing, along with wholesale commodity markets, including metals and bullions, will also be closed.

Sensex and Nifty will also remain closed for the next two days on account of weekend holidays. The market will resume trading on Monday (January 29).

In the previous session on Thursday, the S&P BSE Sensex lost 360 points to close at 70,701. On the other hand, the NSE Nifty50 settled at 21,353, down 101 points.

Among Sensex shares, Tech Mahindra fell by over 6 per cent after the company reported a 60 per cent decline in net profit to Rs 510.4 crore in the December quarter.

Bharti Airtel, ITC, HCL Technologies, Asian Paints, Wipro, HDFC Bank, Nestle, Tata Steel, Tata Consultancy Services and Maruti were among the other major laggards. NTPC, ICICI Bank, IndusInd Bank, Reliance Industries, JSW Steel, Bajaj Finance, Bajaj Finserv and Mahindra & Mahindra were among the gainers.

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong settled in the positive territory. European markets were trading mostly lower. The US markets ended on a mixed note on Wednesday.

Foreign institutional investors (FIIs) offloaded equities worth Rs 6,934.93 crore on Wednesday, according to exchange data.

Global oil benchmark Brent crude climbed 1.02 per cent to $80.96 a barrel.

Meanwhile, SEBI on Thursday extended the deadline for implementation of rules related to mandatory confirmation or denial of market rumours by the top 100 listed companies. The deadline has been extended for the top 100 listed companies by market capitalisation to June 1 from February 1 this year at present, according to a circular by the Securities and Exchange Board of India (SEBI).

For the top 250 listed entities, the rule will kick in on December 1, 2024, from the current requirement of August 1, 2024. The regulators stated that the decision to extend the timeline for implementing LODR rules has been taken due to ongoing industry-standard finalisation and required amendments to market norms. The rule is aimed at strengthening the corporate governance of listed entities.