Equity, currency and derivatives markets to remain closed for trading on Tuesday, March 1 mahashivratri, According to the BSE website, there will be no trading in the Equity Segment, Equity Derivatives Segment and SLB Segment today. However, the commodity markets, which are closed in the morning session, will open in the evening. The Multi Commodity Exchange (MCX) will be open for commodity traders from 5 pm to 11.30 pm during the second half of the session. Similarly, the National Commodity and Derivatives Exchange Limited (NCDEX) will resume operations from 5 pm to 9 pm. Exchanges (NSE and BSE) will resume trading on Wednesday, March 2, 2022 mahashivratri Holiday
On Monday, major benchmark indices defied a weak global market trend and turned sharply higher on Monday as Russia and Ukraine began talks on the Belarus border. on Monday, Sensex It was up 366.64 points or 0.64 per cent at 57,858.15 and the Nifty was up 128.90 points or 0.75 per cent at 17,278.
Hindalco (over 7 per cent), Tata Steel, Power Grid, JSW Steel, Coal India, BPCL, Titan Company, RIL and Indian Oil Corporation were the biggest large-cap gainers in the stock markets today.
Metal counters from the front due to sanctions against Russia raised the possibility of disruptions in aluminum and gas supplies, which would drive up prices. On the downside, losses in HDFC Life, Dr Reddy’s Labs, Axis Bank, HDFC Bank, M&M, Eicher Motors, HDFC, Tata Motors and Hero MotoCorp kept the gains in check.
On the sectoral front, apart from Nifty Metal index, which closed up nearly 5 per cent, Nifty Oil and Gas index (up 2.6 per cent), IT index (up 1 per cent) and Nifty FMCG index (up 0.6 per cent) are other star performers. Were. On the flipside, Nifty Auto and Bank indices were the worst hit, falling 0.7 per cent.
The Indian rupee on Tuesday closed 21 paise lower at 74.77 per dollar than it had closed at 74.56 on Monday.
Mohit Nigam, PMS Head, Hem Securities said: “Benchmark indices rebound from day’s lows on hopes of Russia-Ukraine talks and close on a positive note with Nifty +0.81 per cent and Sensex +0.70 per cent on February 28 Most Asian markets ended on a positive note today. Metals, oil & gas and power stocks saw heavy buying while auto stocks saw some pressure. Nifty 50 led Hindalco and Tata Steel, while HDFC Life and Dr Reddy’s was the top leader in Nifty 50 today.”
“We believe these volatile markets are giving investors a good opportunity to hoard some quality stocks in a downtrend. On the technical front, immediate support and resistance for Nifty 50 are at 17,000 and 16,500 respectively. For Bank Nifty The immediate support and resistance are at 35,600 and 36,800 respectively.”
According to the data available on the BSE website, there will be a total of 13 holidays in the stock markets in 2022. The next holiday of the stock market will be on the day of Holi on 18 March 2022.
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