AgenciesRelated
NEW DELHI: Equity, currency, commodity, and derivatives markets will be closed for trading on Wednesday, January 26 as Dalal Street and the nation will observe Republic Day.
This is the first market holiday of the year, and will likely give breathing space to traders amid heightened volatility in the market.
On Tuesday, benchmark indices bounced back after five consecutive days of fall as investors preferred to buy stocks at low levels. However, weak global cues kept gains in check. Banking stocks saw heavy demand as buyers returned to the Street. Auto names also supported the rally. Meanwhile, IT stocks remained subdued.
The 30-share pack Sensex rose 366.64 points or 0.64 per cent to close at 57,858.15. The index gyrated in a range of 1557 points during the day. Its broader peer NSE Nifty added 128.85 points or 0.75 per cent to 17,277.95.
Market breadth was in favour of gainers as 1,979 stocks ended in the green, while 1,366 names settled with cuts. As many as 136 securities hit 52-week highs, mostly from the smallcap space. Meanwhile, 64 names hit 52-week lows, mostly from the microcap space. About 260 stocks hit upper circuit limits and 460 lower circuit limits.
European markets were trading higher. London-based FTSE added 1.10 per cent while Paris and Frankfurt rose 1.43 per cent and 1.22 per cent, respectively. In Asia, all of the markets ended in the red.
This is the first market holiday of the year, and will likely give breathing space to traders amid heightened volatility in the market.
On Tuesday, benchmark indices bounced back after five consecutive days of fall as investors preferred to buy stocks at low levels. However, weak global cues kept gains in check. Banking stocks saw heavy demand as buyers returned to the Street. Auto names also supported the rally. Meanwhile, IT stocks remained subdued.
The 30-share pack Sensex rose 366.64 points or 0.64 per cent to close at 57,858.15. The index gyrated in a range of 1557 points during the day. Its broader peer NSE Nifty added 128.85 points or 0.75 per cent to 17,277.95.
Market breadth was in favour of gainers as 1,979 stocks ended in the green, while 1,366 names settled with cuts. As many as 136 securities hit 52-week highs, mostly from the smallcap space. Meanwhile, 64 names hit 52-week lows, mostly from the microcap space. About 260 stocks hit upper circuit limits and 460 lower circuit limits.
European markets were trading higher. London-based FTSE added 1.10 per cent while Paris and Frankfurt rose 1.43 per cent and 1.22 per cent, respectively. In Asia, all of the markets ended in the red.
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