Indian equity markets will remain closed today, November 5, in observance of Prakash Gurpurb Sri Guru Nanak Dev (Guru Nanak Jayanti). Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will suspend trading across all segments — including equities, derivatives, SLBs, currency derivatives, and interest rate derivatives — for the day.
The commodity derivatives segment will also remain shut during the morning session (9 a.m. to 5 p.m.), but will be open for trading in the evening session (5 p.m. to 11:30/11:55 p.m.). Regular trading on both exchanges will resume on Thursday, November 6.
On November 4, Indian benchmarks closed lower, with the Nifty 50 slipping below the 25,600 mark amid broad-based selling, barring telecom and consumer durables. The Sensex fell 519.34 points (0.62%) to close at 83,459.15, while the Nifty declined 165.70 points (0.64%) to 25,597.65.
The BSE Midcap index dipped 0.2%, and the Smallcap index shed 0.7%, reflecting weakness across broader markets.
Among the top Nifty laggards were Power Grid Corp, Coal India, Tata Motors, Bajaj Auto, and Eicher Motors, while Titan Company, Bharti Airtel, Bajaj Finance, HDFC Life, and M&M were among the gainers.
Most sectoral indices ended in the red — with IT, auto, FMCG, metal, power, realty, and PSU stocks falling between 0.5–1% — while consumer durables and telecom managed to stay positive.
“Markets edged lower on the weekly expiry day, with the Nifty 50 slipping 0.7% to close near 25,600,” said an analyst. “After a flat opening, persistent selling pressure dragged the index to the day’s low. Metals and IT were the biggest drags, while broader markets also weakened, indicating a broad risk-off tone.”
Profit-taking in heavyweight sectors and muted global cues dampened investor sentiment, while inconsistent foreign institutional investor (FII) flows added to the cautious mood.
From a technical perspective, the Nifty retested its 20-day EMA, and a sustained move below this level could extend the correction toward 25,400, while 25,800 is likely to act as immediate resistance. Traders were advised to manage risk closely until a clearer trend emerges.
In the currency market, the Indian rupee ended 13 paise higher at 88.65 per dollar, compared with Monday’s close of 88.78.
The rupee opened stronger near 88.40, supported by possible central bank intervention, but later pared gains to close slightly higher as renewed selling pressure and persistent FII outflows weighed on sentiment.
Analysts expect the rupee to remain volatile in the near term, with RBI intervention supporting lower levels, and selling pressure likely to cap upside. The expected trading range for the rupee is seen between 88.25 and 88.90.
