BSE and NSE will be closed today due to assembly polls

The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed today, May 20, due to the fifth phase of voting in the general election (Sabah). Trading in derivatives, equities, SLBs, currency derivatives, and interest rate derivatives will be suspended on the same day.

The Commodity Derivatives sector will remain closed for the morning session from 9am to 5pm, but the evening session will remain open from 5pm to 11:55pm.

Trading on NSE and BSE will resume on Tuesday, May 21st.

In special trading on May 18, the domestic market continued its third straight day of gains, with the Sensex and Nifty closing 0.1% higher. Meanwhile, the broader market outperformed the benchmark index.

At the close, the Sensex was up 88.91 points or 0.12% at 74,005 and the Nifty was up 35.90 points or 0.16% at 22,502.

top performer

Sector-wise, Nifty Media Index was the top performer, led by gains in Zee Entertainment, which reported a profit of Rs 13,000 crore in the January-March quarter (Q4 FY24). . Following this, Nifty Energy and Nifty Infrastructure also registered marginal gains of up to 0.3% each on May 18th.

“The Nifty remained within the channel and closed above 22,500 for the first time in days. However, the small solid candlesticks on the daily chart give little indication about the future direction of the price. “Therefore, traders should be cautious in the first hour to confirm direction,” said Rupak De, senior technical analyst at LKP Securities.

“Support is seen at 22,400. On the upside, a sustained move could push the index towards above 22,600 in the near term,” he added.

The Indian rupee on Friday ended 17 paise higher at 83.33 to the dollar, compared to Thursday’s closing price of 83.50.

“The rupee traded positively on the back of favorable vote numbers and positive reaction from Indian capital markets to expectations of continued leadership of the current government,” said Jateen Trivedi, vice president research analyst, commodities and currencies at LKP Securities. Stated.

“Domestic Institutional Investor (DII) inflows are contributing to the rupee’s stability, and the RBI’s strict zero-speculation norms further limit potential declines.In the coming trades, the rupee will start at $83.10 “We expect it to trade in a positive range between $83.55,” he added.