Indian stock markets closed today for public holiday on Christmas - BSE, NSE, and more

Indian stock markets closed today for public holiday: BSE Sensex, NSE Nifty, currency, debt and equity markets are closed on Friday for Christmas. The markets will resume trading on Monday, Dec. 28.

The NSE Nifty 50 index ended 1.09% higher at 13,749.25 on Thursday, while the S&P BSE Sensex climbed 1.14% to 46,973.54.

The 10-year benchmark bond yield ended at 5.971%, while the rupee settled at 73.5425 to the dollar.

Among sectors, IT and pharma were the main gainers while PSU bank, media, metals and auto were leaders. Broad market indices like smallcap and midcap indices underperformed with smaller gains.

On Thursday, the foreign investors pumped in liquidity worth Rs 1,225.69 crore.

Consequently, the Sensex gained 46,973.54 points, up 529.36 points, or 1.14 per cent, from its previous close.

The Nifty50 rose to 13,749.25 points, up 148.15, or 1.09 per cent, from its previous close.

"Institutional participation will be lower in the coming week due to year end and Christmas considerations," said Deepak Jasani, Head of Retail Research at HDFC Securities.

"Nifty has closed almost at the intra-day and intra-week high raising hopes of a better opening on Monday. However it could run into profit taking later in the week."

Vinod Nair, Head of Research at Geojit Financial Services, said: "Momentum in European markets in hopes of a Brexit deal also helped Indian indices to trade higher, financials and the pharma sector contributed to the rally."

"Volatility noticed at the start of the week vanished by the end of the week as concern over new strain of virus reduced, development on the US stimulus and vaccination."

S. Ranganathan, Head of Research at LKP Securities, said: "Ahead of a long weekend and a tranche of expected rural stimulus, bulls were in complete control, buoyed by a stellar listing of Bector Foods. Financials and pharmaceuticals led the rally while investors bought into insurers and consumer durable names across the broader market."

The story has been taken from a news agency