BSE, NSE closed today, regular trading resumes tomorrow

Stock exchanges BSE and NSE are closed today on account of Diwali Balipratipada. The forex markets will also remain closed. According to commodity exchange MCX’s website, trading will be held from in the evening session from 5:00 pm to 11:30/11:55 pm today. For Diwali, a special one-hour Muhurat trading session was held yesterday on BSE and NSE to mark the beginning of Hindu Samvat year 2075. Stocks rose in the special trading session, led by IT and financial stocks. Regular trading on BSE and NSE resumes tomorrow.

The benchmark BSE index, Sensex, in the Muhurat session rose 0.7% to 35,237.68, while the broader NSE index climbed 0.65% to 10,598. Software services exporter Infosys Ltd rose 1.4% while Manappuram Finance climbed nearly 5%. Auto stocks also saw strong buying interest. M&M led the gains with a rise of 1.9% and was the biggest percentage gainer on the NSE index.

In Samvat year 2074, the BSE Sensex gained 2,407.56 points, or 7%, while the NSE Nifty rose by 319.15 points or 3%.

Earlier, the NSE and BSE had held an extended trading session for gold exchange-traded funds (ETFs) and sovereign gold bonds on November 5, till 7 pm, on the occasion of Dhanteras. It is considered auspicious in India to buy valuables like gold on occasions like Dhanteras, Diwali and Akshay Tritiya.

Asian markets are higher today after the results of US midterm elections did not throw any major political surprises. Asian stocks rose to a one-month peak today after a Wall Street rally, while the dollar bounced and pulled away from 2-1/2-week lows. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.5%.

Overnight, Wall Street’s main indexes rose more than 2%, led by the technology and healthcare sectors as the market breathed a sigh of relief after the US midterm elections, in which Democrats wrested control of the House of Representatives and Republicans retained the Senate.