Stock market closed today due to Republic Day holiday

NSE, BSE will remain closed on January 26 due to the national holiday of Republic Day.

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Apart from Equity Segment, Equity Derivative Segment and SLB Segment, it is also a trading holiday for Currency Derivative Segment and Commodity Derivative Segment and Electronic. Sleep Receipts (EGR) Vol.

On January 25, smelly It closed at 17,891.95, down 1.25% or 226 points, while the Sensex closed at 60,205, down 773.69 points or 1.27%. High volatility, monthly expirations and the Hindenburg revelations sent shockwaves among investors.

Barring a few select stocks like HUL, ITC And NTPC, all other Sensex stocks closed in the red. SBI, IndusInd Bank, HDFC Bank and Axis Bank were the top losers. On the other hand, HUL, Maruti and Tata Steel were the top gainers in the Sensex.

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“Nifty was trending around 18,200 to 17,800 levels for the entire January series. On the monthly closing day, Nifty slipped in a dreadful session and broke below the psychological 18,000 mark to close the series at 17,892. Rohan Patil, Technical Analyst, Samco Securities, said 17,800 level, which is 50% retracement support of the recent upward move, still holds and is acting as an anchor point for the index.

“In January expiry the benchmark index made a few attempts to surpass 17,800 – 17,780 levels but did not succeed as prices continued to find support near that area. On the weekly chart, Nifty has remained in a broad high-low range of 18,200 -17,800 for the last 5 weeks. Furthermore, the price is also stuck between the 9 and 21 EMA bands, suggesting a break on either side, which will decide further direction in the index.”

Meanwhile, Indian currency closed stronger after 2 weak sessions today 81.48 against the US dollar.

Indian rupee strengthened on last two days’ underperformance on green bond issuance and Adani’s FPO’s anchor book being oversubscribed. However, risk-averse sentiments and a stronger dollar have put a cap on rupee gains,” said Dilip Parmar, Research Analyst, HDFC Securities.

“In the near term, spot USD/INR is expected to trade around 81.50 as most of the dollar demand gets met towards the end of the month. Short-term traders should watch for a short covering bounce at 81.80, while breaking 81.20 should push the pair towards 80.90,” said Parmar.


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