Stock Market Holiday: NSE, BSE to remain closed today on account of Maha Shivratri; Asian markets off to a good start

The domestic equity market (NSE and BSE) will remain closed on Tuesday on the occasion of Maha Shivratri, showed the BSE holiday calendar list for 2022. As per the BSE website, there will be no trading in equity segment, equity derivative segment and SLB segment today.  

However, commodity markets, which will remain closed for the morning session, will open in the evening. The exchanges (NSE and BSE) will resume trading on Wednesday, March 2, 2022. 

There will be two stock market holidays in March. Besides today, the NSE and BSE will see no action in equity, currency and derivatives market on March 18, when the markets will be closed on account of Holi. The domestic equity markets will also see no action in equity, currency and derivatives segments for two days in April. These segments will be closed for trading on April 14, 2022 and April 15, 2022 to mark Mahavir Jayanti / Dr.Baba Saheb Ambedkar Jayanti and Good Friday, respectively. 

Though the Indian market remains closed today for the said segments, the Asian markets were open for normal trading. After closing strong on Monday, the Asian markets were once again off to a good start on Tuesday as Japanese Nikkei 225 was up 1.71%, Hang Seng index at the Hong Kong Exchange was trading marginally higher by 0.15% and Chinese Shanghai Composite too sat in the green as the index was up 0.55% around 7.20 am on Monday.  

SGX Nifty on the Singaporean Exchange, which hints at the way the Indian markets open on a given day, was also trading positive. The SGX Nifty Futures was trading higher by 146.50 points or 0.87% to 16,926.50 in the morning trade on the Singaporean Exchange.

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Earlier, the Indian markets extended gains for the second consecutive day on Monday after tanking by nearly 5 per cent on last Thursday when Russia invaded attack.  

After opening in the red, the Indian markets bounced back amid volatility to end higher on Monday. Benchmarks Nifty50 and the Sensex gained nearly 1 per cent minutes before closing as the former breached 17,800-mark briefly, while the Sensex went past 56,300.  

In the broader market, mid cap and small cap indices too gained around 1 per cent. Sector-wise, metal was the top gainers with more than 4.5% appreciation, followed by oil & gas, consumer durables and IT as the 12-share Nifty Bank settled with more than 200 points cut to around 36,200. 

Hindalco, Tata Steel, JSW Steel, BPCL, Power Grid, Titan, Reliance Industries, Titan, NTPC, L&T, ICICI Bank, Sun Pharma, Bajaj FinServ and Asian Paints gained the most.  

HDFC Life, Dr Reddy's, Axis Bank, Mahindra & Mahindra, HDFC Bank, HDFC Ltd, Kotak Bank, IndusInd Bank, Maruti, HCL Tech and Bharti Airtel were the top losers.