Indian share and foreign money markets closed on account of Mahashivratri

The Indian inventory and cash markets will stay shut on Thursday, March 11, 2021, on account of Mahashivratri. They will resume buying and selling on Friday, March 12, 2021.
On Wednesday, the benchmark S&P BSE Sensex had ended 254.03 factors (0.50 per cent) increased at 51,279.51, and the broader Nifty 50 on NSE had risen 76.40 factors (0.51 per cent) to settle at 15,174.80.
In the foreign money market, the rupee had ended at 72.91 towards the US greenback on Wednesday, registering an increase of two paise from its earlier shut.

Commenting on the Nifty, Subash Gangadharan, Senior Technical & Derivative Analyst at HDFC Securities, in a technical market word wrote, “on the daily chart, the Nifty remains in uptrend and continues to trade above the 20 day SMA. With the Nifty now breaking out of the 14,862-15,111 range, upside targets for the Nifty are at the recent high of 15,273. Crucial support to watch for emergence of weakness are at 15,100.”
“The index is now likely to test the recent high of 15,273. Downside supports to watch for emergence of weakness are at 15,100,” he mentioned.

On the financial entrance, the market contributors shall be wanting ahead to the month-to-month client value index (CPI) and index of commercial manufacturing (IIP) information which shall be launched post-market hours on Friday, March 12, 2021.