The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will be closed on March 8 for Mahashivratri. Trading activities in derivatives, equities, SLBs, currency derivatives, and interest rate derivatives will remain shut for the day. The commodity derivatives segment will be closed for morning trading on March 8 but will resume for the evening session. Normal trading on both NSE and BSE will resume on Monday, March 11.
On March 7, the market failed to capitalise on its initial gains, closing the session with marginal movements. The benchmark indices reached new all-time highs during the opening trade, with the Nifty surpassing 22,500 for the first time.
The BSE Sensex reached a fresh record high of 74,245.17 but closed slightly higher at 74,119.39, an increase of 33.40 points or 0.05 per cent. Similarly, the Nifty50 index also achieved a new peak of 22,525.65, ending the day 19.50 points or 0.09 per cent) higher at 22,493.50.
"Equity benchmark indices edged higher after hitting a record high amid a firm trend in the US market and FII inflows,” Vinod Nair, Head of Research at Geojit Financial Services, said.
During the shortened trading week, both the BSE Sensex and Nifty experienced a 0.5 per cent increase.
Leading the Nifty gainers were Tata Steel, Bajaj Auto, Tata Consumer, Tata Motors, and JSW Steel. Meanwhile, M&M, BPCL, Reliance Industries, Axis Bank, and ICICI Bank were among the top losers.
In terms of sectors, banking, oil and gas, automotive, and real estate ended in negative territory, while the metals, capital goods, media, and FMCG sectors saw gains ranging from 1 to 2.5 per cent each. The BSE MidCap index saw a modest increase of 0.3 per cent, while the SmallCap index experienced a more notable rise of 0.7 per cent.
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