The indian stock market has experienced volatility recently, with the Sensex closing around 80,600 and the Nifty hovering above 24,630 as of august 14. However, trading will be halted on august 15 due to the national holiday for Independence Day.
According to the BSE and NSE holiday schedules, trading on august 15 is suspended in all segments, including equity, derivatives, bonds, commodities, and forex, in observance of India’s 79th Independence Day.
On august 14, the Sensex ended at 80,597.66, gaining 57.75 points (0.07%), while the Nifty 50 closed at 24,631.30, up by 11.95 points (0.05%). Ajit Mishra from Religare Broking noted that the markets were relatively stable on the weekly expiry day, with a mix of sector performances, as IT, financials, and banking stocks rose, while metals, energy, and real estate sectors faced declines. Over the past five sessions, the Sensex increased by 360.24 points (0.45%) and the Nifty 50 rose by 116.35 points (0.47%).
Foreign portfolio investors have continued to sell off in august, with outflows of Rs 20,975 crore from august 1 to 4. Additionally, the indian rupee weakened to 87.7 per USD, nearing its record low amid new US tariffs on indian imports.
Looking ahead, analysts suggest that markets may be poised for recovery, contingent on a decisive break above the Nifty level of 24,800. Investors are advised to adopt a stock-specific approach while keeping an eye on geopolitical developments and domestic consumption sectors.
Independence Day commemorates India's freedom from british rule on august 15, 1947, marking a significant moment in the nation’s history..jpg)
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