Stock markets remain closed on account of Muharram

On Friday, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) stayed shut due to Muharram, halting trade in all equity segments such as equity derivatives, currency derivatives, and securities lending and borrowing (SLB).

In the commodities arena, the Multi Commodity Exchange (MCX) was closed for the morning session, which runs from 9 a.m. to 5 p.m.

Trade will resume in the evening session beginning at 5 p.m.

Furthermore, the National Commodity and Derivatives Exchange (NCDEX), focused mainly on agricultural commodities, stayed closed all day.

After the Muharram holiday on Friday, equity markets will stay open for almost three months until the next scheduled break on September 14 for Ganesh Chaturthi.

Subsequent closures are set for October 2 (Mahatma Gandhi Jayanti), October 20 (Dussehra), November 10 (Diwali‑Balipratipada), November 24 (Prakash Gurpurb Sri Guru Nanak Dev) and December 25 (Christmas).

During the previous session, the equity indices closed their two‑day winning run on an upbeat note, even after giving up much of their intraday advances as profit‑taking hit IT and metal stocks.

Sensex finished more than 100 points, or 0.14 %, higher at 77,100.47 after reaching an intraday peak of 77,803.18.

Likewise, Nifty rose by 34.35 points, or 0.14 %, to close at 24,056.

Within the Nifty basket, the biggest decliners were Hindalco Industries, Power Grid, Bharti Airtel, ONGC, Infosys, NTPC, BEL, HCL Tech, HDFC Life, Asian Paints, Trent, Bajaj Finance, Bajaj Finserv, Tata Steel and Titan.

Additionally, the wider market lagged, as both the Nifty Midcap 100 and Nifty Smallcap 100 slipped 0.5 % each.

Because the holiday lands on a Friday, traders will have a three‑day weekend, with activity resuming on Monday, June 29.