Stock market holiday today: BSE, NSE to remain shut for Holi

About this update from Nairobi Securities Exchange Plc

The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on March 14 for Holi.Trading in derivatives, equities, SLBs, currency derivatives, and interest rate derivatives will remain shut for the day.The commodity derivatives segment will also remain closed in the morning session between 9:00 am to 5:00 pm, while will remain open for the evening session between 5:00 pm to 11:55 pm.Trading on the NSE and the BSE will resume on March 17 (Monday).On March 13, benchmark indices ended lower in a volatile session, with Nifty slipping below 22,400 despite positive cues from industrial production and retail inflation data, closing the week nearly a percent lower.Sensex ended down 200.85 points or 0.27 percent at 73,828.91, and the Nifty closed 73.30 points or 0.33 percent at 22,397.20. BSE Midcap and smallcap indices shed 0.7 percent each.Shriram Finance, Tata Motors, Hero MotoCorp, IndusInd Bank, Hindalco Industries were among major losers on the Nifty, while gainers included Bharat Electronics, SBI, ICICI Bank, Cipla, NTPC.BSE Midcap and smallcap indices shed 0.7 percent each.On the sectoral front, auto, IT, metal, media, realty down 0.5-1 percent each, while PSU Bank index up 0.5 percent."After showing smart recovery from the intraday lows in the last couple of sessions, Nifty slipped into weakness amidst choppy movement on Thursday and closed the day lower by 73 points. After opening with a positive note, the market was not able to sustain the highs and showed weakness in the mid to later part of the session," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities."A reasonable negative candle was formed on the daily chart that has formed within a high low range of 22600-22300 levels. Technically, this market action signals narrow range bound movement with negative bias.""A decisive upmove above the hurdle/upper range of 22600 could open renewed buying enthusiasm towards 23000 levels in the short term. However, any weakness below the lower range of 22300 could drag index down to the next support of 22000 levels," he added.Indian rupee ended 21 paise higher at 87 per dollar on Thursday versus Wednesday's close of 87.21."The Indian rupee gained ahead of the long weekend. The rupee's recovery was fueled by better-than-expected economic data (CPI below RBI's mandate and strong IIP growth) , which could provide roo...

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