NSE, BSE to remain closed on Thursday on account of Muharram; MCX, NCDEX to open during evening session – CHECK DETAILS

Stock Markets will remain shut on Thursday on account of Muharram. Both BSE and NSE will remain closed tomorrow and will reopen on Friday. Meanwhile, the Multi Commodity Exchange of India (MCX) will remain close for the first half of the trading sessions i.e. between 9 am and 5 pm. It will open during the next half session i.e. between 5 pm and 11:30pm/11:55 pm.

As for National Commodity & Derivatives Exchange Limited (NCDEX), the exchange will remain closed during the morning session between 9 am and 5 pm. It will resume operations from 5 pm till 9 pm, the closing time of this exchange.

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NCDEX is a leading agricultural commodity exchange in India.  

As a result of equity markets remaining closed on Thursday, the weekly expiry day is today.

Meanwhile, stock markets opened in the green on Wednesday. Both, the BSE Sensex and NSE Nifty were trading in the green at 9:30 am. 

On Tuesday, the stock markets closed at new record highs. The last hour buying pushed the domestic benchmark indices to the record high. The S&P BSE Sensex rose 209.69 points or 0.38 per cent to 55,792.27. The Nifty 50 index gained 51.55 points or 0.31 per cent to 16,614.60. But certain stocks came in the news after the market was closed.

In the broader markets have outperformed the at the BSE, the S&P BSE MidCap closed with a gain of 0.71 per cent and S&P BSE SmallCap closed 0.30 per cent higher. 

As for markets today, Zee Business’s Managing Editor Anil Singhvi suggests Market Strategy. He puts the Day support zone on Nifty t 16,530-16,565, below that 16,475-16,500 is a strong Buy zone.  Day higher zone on Nifty is 16,650-16,700, above that 16,750-16,800 is a Profit-booking zone.

Day support zone on Bank Nifty is 35,625-35,700, below that 35,400-35,525 is a strong Buy zone. Day higher zone on Bank Nifty is 36,000-36,100, above that 36,225-36,300 is a strong Sell zone.

The small day range for trading on Nifty is 16,565-16,650, while the medium and bigger ranges are 16,530-16,700 and 16,475-16,750, respectively.

The small day range for trading on Bank Nifty is 35,600-36,000, while the medium and bigger ranges are 35,525-36,100 and 35,400-36,225, respectively.