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

About this update from Nairobi Securities Exchange Plc

The Indian stock markets, Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on April 10 for Shri Mahavir Jayanti.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 April 11 (Friday).After posting strong rebound in the previous session, the Indian markets on April 9 were under pressure as weak global markets led to selling in most of the sectoral indices.At close, the Sensex was down 379.93 points or 0.51 percent at 73,847.15, and the Nifty was down 136.70 points or 0.61 percent at 22,399.15.Wipro, SBI, Tech Mahindra, L&T, Trent were among major losers on the Nifty, while gainers included Nestle, HUL, Tata Consumer, Titan Company, Power Grid Corp.BSE Midcap index was down 0.8 percent and Smallcap index fell 1 percent.Except Consumer Durables (up 0.3 percent) and FMCG (Up 1.5 percent), all other sectoral indices ended in the red with Realty, IT and PSU Bank down 2 percent each."Nifty continues to trade below the upper band of the falling channel and the 21-day EMA, indicating short-term weakness and resistance near 22,500. The RSI shows a bearish crossover, reinforcing the negative momentum," said Rupak De, Senior Technical Analyst at LKP Securities."The trend is expected to stay weak below 22,500, with a breakout potentially driving the index to 22,750–22,800. Failure to cross 22,500 may drag it down toward 22,000," he added.Indian rupee ended 45 paise lower at 86.69 per dollar on Wednesday versus previous close of 86.24."Rupee traded weak, weighed down by heightened global uncertainty after the US announced a steep 104% tariff hike on Chinese goods, escalating trade tensions significantly. This aggressive tariff stance triggered a broad sell-off across global capital markets, including Indian equities, adding pressure on the rupee," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities."While the RBI attempted to support growth by cutting rates, the move failed to cushion the rupee as risk-off sentiment dominated. Market participants now await the US CPI data due tomorrow, which is expected to bring...

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