BSE and NSE Shut Today : There is no trading in the stock market today (Stock Market Holiday) due to the fifth phase of voting in the General Election 2024. Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will remain closed today, May 20. Trading in derivatives, equity, SLB and currency derivatives as well as interest rate derivatives will remain closed for the day.
The commodity derivatives segment will remain closed in the morning session – 9 am to 5 pm, while the evening session will remain open from 5 pm to 11.55 pm. Normal trading will start in both NSE and BSE on Tuesday, May 21.
special trading
Earlier on May 18, in the special trading session, the domestic markets remained in the green for the third consecutive session and Sensex and Nifty closed with a gain of 0.1 per cent. Meanwhile, the broader market outperformed the benchmark indices.
There was a rise in the market on Friday
Before this, buying was seen in the stock market on Friday amidst weak global signals. There was a rise of 253 points in Sensex and it closed at the level of 73917. Whereas Nifty increased by 62 points and closed at the level of 22466. In trading on Nifty, Bank, Financial, Auto, Metal, Metal and Realty indices closed in the green, while IT and Pharma closed in the red. Top gainers included M&M, JSWSTEEL, KOTAKBANK, MARUTI, NTPC. While the top losers included TCS, HCLTECH, HINDUNILVR, WIPRO.
These factors will decide the movement of the market
Pravesh Gaur, Senior Technical Analyst, Swastika Investmart Limited, says that the season of fourth quarter results is about to end. Better results of companies can provide some relief to the market which is stuck in confusion. Jerome Powell, head of the US Central Bank Federal Reserve, is to address on Monday. Due to which the direction of the market is likely to be affected. Apart from this, economic data from Japan and America and fluctuations in the global currency market will also be important factors to decide the direction of the market.
Arvinder Singh Nanda, Senior Vice President, Master Capital Services, said that this week the market outlook will be determined by key domestic and global economic data. PMI manufacturing and service sector data in India is to come. Apart from this, Britain’s inflation rate, America’s unemployment claims, S&P’s global services and global manufacturing figures are to come. Also, on the domestic front, quarterly results of many big companies will be declared.
Results of these companies this week
This week, results for the quarter ending March 31, 2024 are to be released by ONGC, SAIL, BHEL, JK Tyre, One97 Communications, Power Grid, InterGlobe Aviation, ITC and NTPC. Investors will also keep an eye on the rupee-dollar trend and global crude oil prices.