Indian equity markets will remain closed on Tuesday, November 10, on account of Diwali-Balipratipada, giving investors a break after two volatile sessions - the special Muhurat Trading session on Sunday and the regular trading session on Monday.
The BSE and NSE will not conduct trading across equity, equity derivatives and securities lending and borrowing segments on Tuesday. Trading will resume on Wednesday, November 11.
On Monday, benchmark indices Sensex and Nifty ended marginally higher after recovering from sharp intraday losses, supported by a rally in banking stocks. The Sensex gained 107.25 points, or 0.13 percent, to close at 81,106.65, while the Nifty rose 58.25 points, or 0.23 percent, to settle at 25,044.65.
PSU banks led sectoral gains, surging 3.65 percent, followed by Bank Nifty and Pharma. IT stocks declined 1.22 percent, while the Metal index slipped 0.46 percent. Broader markets also ended in positive territory, with the Nifty Midcap index rising 0.29 percent and the Smallcap index gaining 0.10 percent. However, market breadth remained negative, with 2,316 stocks declining against 1,922 advances.
The Monday session followed a volatile Muhurat Trading session on Sunday, when Sensex and Nifty erased their early gains to close in the red. This marked the first time in nine years that the benchmark indices ended lower during the special Diwali trading session.