According to the BSE website, Indian equities benchmarks will be closed on Monday in observance of Eid al-Adha, also known as Bakriti Id. There will be a closure of the equities, equity derivative, and SLB (Security Lending and Borrowing) segments. The sectors for interest rate derivatives and currency derivatives will continue to be closed.
The morning trading session will see the closure of the commodity futures and electronic gold receipts sectors. However, trade is scheduled to reopen in the evening from 5 pm until 11:30/11:55 pm.
Domestic benchmarks maintained their last session's good performance on Friday, driven by advances in stocks of automakers, consumer durables, and healthcare companies. At 76,992, the 30-share BSE pack closed 182 points, or 0.24 percent, higher.
The overall NSE Nifty index closed 67 points, or 0.29 percent, higher at 23,466 after reaching an all-time high of 23,490.
Small- and mid-cap stocks also concluded the day higher, with the Nifty Smallcap 100 up 0.76 percent and the Nifty Midcap 100 up 1.05 percent. The fear index, or VIX, fell 4.93 percent to 12.82 points in India.
On the NSE, 14 of the 16 sectoral indexes finished the day higher. The Nifty Auto, Nifty Consumer Durables, and Nifty Healthcare sub-indices all increased by 1.30 percent, 1.20 percent, and 1.24 percent, respectively, outperforming the index. Nifty IT, on the other hand, had a 0.87 percent correction.
Frontline stocks on the BSE, including Tata Motors, Bajaj Finance, M&M, Titan, Axis Bank, HDFC Bank, and Reliance Industries, were the main drivers of the increase. Mazagon Dock Shipbuilders, SKF India, J&K Paper, Chemplast Sanmar, and Suven Pharma also had a sharp increase to 14.33%.
Conversely, the drop was as high as 3.47 percent for La Opala RG, KIOCL, Usha Martin, Aegis Logistics, Zensar Tech, V-Guard, Redington, and CAMS. 2,179 of the 3,980 equities that were traded on the BSE in the most recent trading ended higher than the remaining 1,695 stocks. The stocks of the remaining 106 remained unaltered.
The domestic stock exchanges will reopen on Tuesday, June 18, 2024.
