Is the stock market closed today? The Indian stock exchanges, the BSE (formerly known as the Bombay Stock Exchange) and the National Stock Exchange of India (NSE), will remain closed for trading on January 26 on account of Republic Day. This day is marked as a holiday in BSE. Calendar for trading holidays, and is one of 15 trading holidays in 2023. The next stock market holiday will be on March 7 on the occasion of Holi.
It is to be noted that weekends are not included in the trading holidays calendar of BSE and NSE.
Wholesale commodity markets including metals and bullion will also remain closed. There will also be no trading activity in the forex and commodity futures markets.
Stock Market Holidays in India 2023 – Complete List
Holi – March 07, 2023
Ram Navami – March 30, 2023
Mahavir Jayanti – April 04, 2023
Good Friday – April 07, 2023
Dr. Babasaheb Ambedkar Jayanti – April 14, 2023
Maharashtra Day – May 01, 2023
Bakrid – June 28, 2023
Independence Day – August 15, 2023
Ganesh Chaturthi – September 19, 2023
Mahatma Gandhi Jayanti – October 02, 2023
Dussehra – October 24, 2023
Diwali Balipratipada – November 14, 2023
Guru Nanak Jayanti – November 27, 2023
Christmas – December 25, 2023
Markets jittery ahead of Union Budget 2023
Indian benchmark indices fell over 1 per cent on January 25, while the Nifty settled below 17,900 amid selling, especially in the power, oil and gas and financial sectors.
After a negative start, the market extended selling as the day progressed, with the indices hitting a one-week low and Nifty breaking 17,900 intraday, but saw some recovery from the day’s low.
At the close, the Sensex was down 773.69 points or 1.27 per cent at 60,205.06 and the Nifty was down 226.30 points or 1.25 per cent at 17,892.
Outlook for Friday, January 27, 2023
Shrikant Chauhan, Head of Equity Research (Retail), Kotak Securities
The market turned bearish as investors closed their positions on the last day of F&O expiry. Traders also liquidated their positions ahead of Adani Enterprises FPO, while there was some offloading due to migration from T2 to T1 settlement starting Friday.
While the trading sentiment may remain volatile, the upcoming budget and the US Fed meeting next week could lead to sharp sideways movement in the coming sessions.
Technically, the market saw a sharp correction after the formation of a double top. On daily charts Nifty has formed a long bearish candle and closed below 18000 mark which is broadly negative.
As long as the index is trading below 18000, the bearish sentiment is likely to continue and below the same the index may retest 17800 level. Any further downside can drag the index towards 17700. On the other hand, above 18000, the index may move towards 18050-18100 levels.
Ajit Mishra, VP – Technical Research, Religare Broking
The market declined sharply on the monthly expiry day and ended with a loss of over one per cent. After a flat start, the Nifty index moved down gradually in the first half and remained in a narrow band thereafter. Finally it closed at the level of 17891.95. Down 1.25%.
Meanwhile, selling pressure was widespread with banking and financial sectors posting maximum losses, followed by energy and realty counters. Broader indices also traded with the trend and shed in the range of 1%-1.5%.
The fall has again pushed the Nifty index closer to the lower band of the prevailing consolidation range i.e. 17750 level and signs from the banking pack, which carry considerable weight in the index, point to further pain. We reiterate our view of preferring to hedge positions and suggest adding some shorts as well.
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