Indian Financial Markets Closed for Diwali-Balipratipada; Trading Resumes November 11

NEW DELHI: Equity, currency, and debt markets are closed on Tuesday, November 10, on account of Diwali-Balipratipada. According to market schedules, trading across all three segments will resume on Wednesday, November 11.

In the previous trading session held on Monday, the benchmark BSE Sensex gained 0.13 per cent to close at 81,106.65. Meanwhile, the broader NSE Nifty 50 advanced 0.23 per cent to settle at 25,044.65.

The equity markets recorded consolidation following last week’s rally. Market participants noted that the prior gains were fuelled by falling crude prices and optimism surrounding foreign inflows.

In the currency market, the rupee declined 0.02 per cent against the US dollar to 93.9275 on Monday, snapping a six-session winning streak. Market reports indicated that thin trading volumes and dollar bids from state-run lenders outweighed the recent positive momentum for the domestic currency.

In the debt market, the benchmark 6.94 per cent 2036 bond yield settled at 7.1529 per cent, moving nearly 4 basis points below Friday’s close.

Regular trading operations across equity, debt, and currency segments will recommence on Wednesday morning.

"Holiday-shortened weeks and festive closures are a routine part of financial market calendars. While trading remains paused for Diwali-Balipratipada, the previous session's consolidation reflects a natural cooling-off period following last week's rally driven by foreign inflows and falling crude prices. Investors and market participants will be closely watching macroeconomic indicators and bond yields when trading resumes tomorrow." — Dr. Shishir Gupta, Founder & CEO, StartupLanes