Markets will remain closed on Wednesday on account of Dussehra festival celebrations across the country. On October 5, all trading operations including equity, currency and derivatives markets will be closed for the entire session at the Bombay Stock Exchange, or BSE, according to its website. Similarly, trading operations at the National Stock Exchange, or NSE, will also be suspended today for the entire session amid Dussehra.
However, commodity markets will observe holidays only during the morning session, that is, 9 am to 5 pm on Tuesday but the trading will happen in the evening session on Tuesday from 5 pm to 11:30 pm. Similarly, the National Commodity & Derivatives Exchange Limited (NCDEX) will resume operations from 5 pm till 9 pm.
The benchmark BSE Sensex and broader NSE Nifty rebounded sharply on Tuesday, led by solid gains across all sectors. Sensex and Nifty surged over 2 per cent, respectively, mirroring strong gains in global markets.
Foreign institutional investors (FII) turned net buyers in the beginning of the week, purchasing Rs 591 crore worth of domestic equities on Monday, provisional data available with the NSE showed.
“In the last eight out of ten years Sensex has given positive returns in October. Also, markets have a record of troughing out in October. This may happen this October too. The ‘risk-off, risk-on’ texture of the market is in response to fast changing economic and market signals. For the near-term the market sentiments have turned positive with declining trend in dollar and US bond yields,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
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