On the occasion of Guru Nanak Jayanti, major stocks, debt and currency markets of the country including BSE and NSE are closed on Monday. Eight will resume on December 1 on the financial markets. However, the commodity exchange will take place in the evening session (from 5 pm to 11:30 pm) on MCX. There will be no eight in the morning session (9 am to 5 pm) on MCX due to being a personal holiday.
Earlier on Friday, the BSE Sensex fell by 110.02 points, or 0.25%, to a level of 44,149.72. On the other hand, the NSE Nifty closed at the level of 12,968.95 points, down 0.14 percent.
This week the stock market will depend on these aspects
According to vehicles, the macro economic data, vehicle sales figures and the decisions of RBI’s Monetary Policy Committee (MPC) will decide the direction of the stock market this week. Siddharth Khemka, Head (Retail Research), Motilal Oswal Financial Services Ltd, said, “There will be a positive environment in the market in the coming time but if we consider the rally in the stock markets in the last few weeks, then the chances of intervening rivals Cannot be denied…. ”
He said that the announcement of stimulus package in the US will also affect the stock markets.
Khemka said, “Domestically, the market will see a reaction to better figures than expected for the September quarter GDP. Attached companies will be given special attention as the sales figures will start coming in from Tuesday in November. The RBI will announce monetary policy on Friday, so the banking and financial stocks will also be watched. ”