Indian Stock Markets Closed on Nov 5 for Guru Nanak Jayanti, Trading to Resume Tomorrow
BSE and NSE remain closed across all segments, normal operations to restart Thursday after Tuesday’s market decline
Mumbai, Nov 5 — The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) remained closed on Wednesday in observance of Prakash Gurpurb Sri Guru Nanak Dev Ji, also known as Guru Nanak Jayanti.
Trading across all segments including equities, derivatives, securities lending and borrowing (SLBs), currency derivatives, and interest rate derivatives was suspended for the day.
The Multi Commodity Exchange (MCX) also observed a trading holiday during the morning session (9 am to 5 pm) but will reopen for the evening session from 5 pm to 11:30/11:55 pm. Normal trading on both the BSE and NSE will resume on Thursday, November 6.
On Tuesday, markets closed lower amid broad-based selling pressure. The Sensex declined 519.34 points (0.62%) to settle at 83,459.15, while the Nifty 50 dropped 165.70 points (0.64%) to close at 25,597.65.
The BSE Midcap index slipped 0.2%, and the Smallcap index fell 0.7%. Among Nifty constituents, Power Grid Corp, Coal India, Tata Motors Passenger Vehicles, Bajaj Auto, and Eternal were top losers, while Titan Company, Bharti Airtel, Bajaj Finance, HDFC Life, and M&M posted gains.
Except for telecom and consumer durables, all sectoral indices ended in the red with IT, auto, FMCG, metal, power, realty, and PSU indices losing between 0.5% and 1%.
Market experts noted that the Nifty has retested its 20-day exponential moving average (EMA). A sustained move below this level, they cautioned, could trigger a further correction toward 25,400.
“On the upside, 25,800 remains the immediate resistance. Traders should remain cautious and prioritise risk management until a clear trend emerges,” analysts said.
