Stock Market Holidays 2022: Indian fairness and forex markets closed on account of Muharram

Stock Market Holiday: India’s fairness, forex and commodity markets are shut on Tuesday, August 9, 2022, on account of Muharram. While the fairness and forex markets will resume commerce on Wednesday, August 10, 2022, commodity markets will resume for the night buying and selling session at 5 pm on Tuesday.

Commodity markets comply with two classes – morning session from 9:00 am to five:00 pm and night session from 5:00 pm until 11:30/11:55 pm.

On Monday, the frontline fairness indices on the BSE and National Stock Exchange (NSE) rose for the second consecutive session and ended over 0.7 per cent larger. The S&P BSE Sensex surged 465.14 factors (0.80 per cent) to finish at 58,853.07 whereas the Nifty 50 climbed 127.60 factors (0.73 per cent) to settle at 17,525.10.

The rupee depreciated by 39 paise to shut at 79.63 in opposition to the US greenback on Monday, pressured by greenback demand and waning threat urge for food amongst traders.

Commenting on the outlook for Nifty, Nagaraj Shetti, Technical Research Analyst at HDFC Securities mentioned, “The short-term trend of Nifty remains positive with range bound action. A sustainable move above 17,550 levels could be considered as an upside breakout of the range and that could pull Nifty towards the next important resistance of 17,800-17,900 levels in the near term. Immediate support is placed at 17,430 levels.”