The stock market is closed today. On the occasion of Ambedkar Jayanti, both the BSE and NSE will remain shut.
On the occasion of Dr. Babasaheb Ambedkar Jayanti, both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on April 14.
On the occasion of Dr. Babasaheb Ambedkar Jayanti, both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on April 14.
Trading across all segments on both exchanges—including equities, equity derivatives, securities lending and borrowing (SLBs), currency derivatives, and interest rate derivatives—will be suspended for the day.
The commodity derivatives segment will stay closed during the morning session (9:00 AM to 5:00 PM), but trading will resume in the evening session (5:00 PM to 11:30/11:55 PM).
Trading on both the NSE and BSE will restart on Wednesday, April 15.
After a strong recovery in the previous session, Indian equity markets faced pressure on April 13 as recent talks between the United States and Iran ended without reaching an agreement.
When the market closed, the Sensex fell by 702.68 points, or 0.91%, to settle at 76,847.57, while the Nifty dropped by 207.95 points, or 0.86%, to close at 23,842.65.
Across sectors, all indices ended in the red except for power, defence, and telecom. FMCG, auto, IT, energy, and oil & gas sectors each saw a decline of around 1%.
Among the top gainers on the Nifty were HDFC Life, Adani Enterprises, ICICI Bank, NTPC, and Tata Motors Passenger Vehicles. On the other hand, the biggest losers included Maruti Suzuki, Eicher Motors, Reliance Industries, Bajaj Finance, and InterGlobe Aviation.
The broader indices also declined but still performed better than the benchmark indices. Both the Nifty Midcap and Smallcap indices slipped by about 0.5% each.
According to Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, “The sharp rally seen over the past six sessions appeared to pause on Monday, mainly due to the failure of peace talks between the US and Iran. Despite the decline, the Nifty managed to recover from lower levels and ended the day down by 207 points.”
He added that after opening with a steep gap-down of 460 points, the market gradually recovered throughout the session. Most of the early losses were nearly erased, and the Nifty closed near its day’s high.
“On the daily chart, a long green candle has formed at lower levels, indicating a possible bullish reversal pattern. After a series of lower tops and bottoms in recent sessions, the formation of a higher low at 23,555 on Monday could be a positive sign for bulls, helping sustain the recent uptrend,” he explained.
He further noted, “Monday’s weakness has not damaged the current short-term uptrend of the market. The Nifty is now placed at a crucial support level of 23,500, and there is potential for further upside in the near term. The immediate resistance level is seen at 24,100.”
Meanwhile, on Monday, the Indian rupee weakened by 65 paise to close at 93.38 against the US dollar, compared to 92.73 on Friday.
Dilip Parmar, Research Analyst at HDFC Securities, said, “The Indian rupee extended its losses for the third consecutive session, marking its biggest drop in a fortnight. The pressure is largely due to a sharp rise in crude oil prices following President Trump’s directive regarding a blockade of the Strait of Hormuz.”
He added that after the failure of diplomatic talks, markets are closely watching for possible US military developments, particularly around 10:00 AM EST. Meanwhile, the domestic market remains cautious ahead of India’s CPI data release, especially with a holiday on Tuesday.