Both the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) will be closed on Thursday, June 29, in observance of Eid al-Adha, often referred to as Bakri Id. Eid al-Adha is also known as the Feast of Sacrifice. Originally, the holiday was supposed to take place on Wednesday, June 28.
In addition, wholesale commodities markets, such as those for metal and bullion, will stay closed. Additionally, there will be no trading activity in the currency markets or the markets for futures on commodities.
In the future, all Nifty and Nifty Bank futures will expire on Wednesday instead of Thursday. However, the expiration date for Nifty Midcap derivative contracts will remain the same as Wednesday. This Friday will mark the beginning of contract negotiations for the new series.
The benchmark indexes for India both started the day at new all-time highs, with the Nifty surpassing 18,900 and the Sensex reaching a new all-time high of 63,716.
On the Nifty, the biggest gainers were Bharti Airtel, Apollo Hospitals, HDFC Life, and JSW Steel. On the other hand, the top losers included Cipla, UPL, Titan Company, IndusInd Bank, and Sun Pharma.
The metals index was up 1 percent, while the car, capital goods, and consumer packaged goods indices were all up 0.5 percent. All of the sectoral indices were trading in positive territory.
Both the BSE midcap and smallcap indexes finished the day with gains of 0.4 percent.
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