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Bse, Nse closed because of Dussehra


Indian markets, including the National Stock Exchange of India (NSE) and ESB, will remain closed on October 15 due to Dussehra. The commodity markets will also remain closed and there will also be no forex and market trading activity.

Meanwhile, national indices continue to hit new highs as markets continued their rally for the sixth consecutive session on Thursday, with investors adding more than Rs 10.56 lakh crore to their wealth.

The benchmark index has gained 2,116.22 points or 3.57% since October 6.

Driven by the ongoing rally, the market capitalization of companies listed on BSE since Oct. 6 rose by Rs 10.56,157.81 crore to a record high of Rs 2,776,704.86 crore.

“Domestic stocks continued their northward journey amid positive global indices, strong economic data and optimistic second quarter earnings expectations. The Bulls continued to remain in charge of Dalal Street amid the volatility, setting the stage for the holiday season. Infosys, Wipro and Mindtree numbers “, PTI quoted Siddhartha Khemka, Retail Research Manager, Motilal Oswal Financial Services Ltd.

FMCG major ITC was the biggest winner in the Sensex pack, rallying nearly 3 percent, followed by HDFC Bank, PowerGrid and ICICI Bank. TCS, HCL Tech, Bajaj Finance, Asian Paints and Bharti Airtel have lagged behind.

In the broad market, the midcap and smallcap indices rose up to 0.54%.

On a weekly basis, the benchmark jumped 1,246.89 points or 2.07%.

Avenue Supermarts, the company operating the DMart hypermarket chain, is expected to report its July-September quarterly results on Saturday. The Street expects revenue to be close to Rs 7,850 crore on the first line.

(Edited by : Ajay Vaishnav)

First publication: STI

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