The domestic stock market is closed on 16 November 2020 to commemorate Diwali Balipratipada. That is, today the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are not being traded. Trading will begin normally on the stock market again on 17 November.
Commodity and Forex market also closed
Today, commodity and forex markets are also closed on Diwali Balipratipada. The wholesale commodity market, including metal and bullion, is not traded. Also, no business is being done in Commodity Future. Normal operations in these markets will start on Tuesday.
In the absence of a major factor domestically in the week affected by the holiday, the next week is expected to be driven by personal signals from the domestic stock markets. Analysts have predicted this. The market capitalization of eight of the top 10 companies increased by Rs 1,90,571.55 crore last week. This shows the positive sentiment of the investors.
It may be noted that the BSE Sensex rose by 1,744.92 points or 4.16 percent, and the NSE Nifty rose 516.70 points or 4.20 percent in the previous week. Both indices reached an all-time high on Saturday in the special Muhurat trading session of the beginning of the Hindu Samvat year 2077.
Vinod Nair, head of research, Geojit Financial Services, said, "The market is currently at a standstill. The market is waiting for the wholesale inflation data to be released this week.